No Blueprint For Recovery
It almost seems like the government is on a runaway train and has no idea where it’s headed. Right now the government is pretty much throwing money at a lot of different places and seeing what sticks.
We’ve seen some big names need bailouts from the government in order to avoid bankruptcy. We’ve seen many of those companies come back for more money as conditions worsen.
The government is in bed with these companies for the long term, despite the fact that it almost seems like throwing good money after bad. No one knows if these companies will be able to stay afloat even with government help because right now there is no end in sight to the economic downturn.
The government has already spent trillions and it will probably spend trillions more as it tries to spend it’s way out of this recession. As history has shown this is what the government does when nothing else works.
There are long term repercussions to all this spending, the national debt was already a big weight hanging over this country before this whole mess started and I’m probably not the only one who thinks it could very well double by the time everything is said and done.
In the mean time, I will join the millions of other Americans and pray that this bailout or that stimulus package will be enough to finally turn things around.
