Tuesday, November 25, 2008

Those really in need of a bailout...

Left Out of the Bailout: The Poor

As taxpayer money is thrown at banks and financial companies who, although being run my well-paid "smart" people, managed to run themselves into the ground, there are many regular people out there struggling to get by. It seems that we are in a way rewarding bad behavior on the part of these corporations (that doesn't sound like a free-market principle, does it?), while ignoring the citizens who really need help. The fact that the number of people living below the poverty line (close to 10% of our population) is expected to increase by over 10 million (an increase of roughly 1/3rd), is downright scary. It seems that the recession we have entered will likely only increase the current gap in wealth in this country. I hope the incoming Obama administration sticks to its word to help the less fortunate in this country, and not just keep bailing out people who don't know how to run their companies.

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