Today there was a march in Chicago protesting a meeting of US Bankers for the money they received and then proceeded to give themselves huge bonuses comprised almost entirely of Taxpayer money. And then to add some additional icing to the government cake they have not loaned any of said funds or moved forward to help struggling businesses and individuals further helping to stall the economy. Now, the above statement is partially true and partially not completely true.
True the big banks got the money and didn't lend it out to the little guys because that's not who they lend to, they got money because they are friends of big people in government, it's smaller banks that lend to the little guys, but on local level smaller banks for the most part have refused the government money because they don't want, for lack of a better phrase tonight, get into bed with the government. You see, if the smaller banks take the money they would become subjects of the government and would be forced to lend or not lend based on whatever Uncle Obama say's. Many also, feel the government would hurt their operations in the long run so what we have here is a stalemate of sorts.
Back to the protesters, they are out there in throngs, angry throngs, protesting the bonuses the bankers gave themselves while their neighborhoods fall apart and their small businesses can't get loans, logical, to a point I'd say. I listened to a small business owner tonight on that evil Fox News and he said he wasn't having money troubles, had a line of credit when he needed it and had it for years but didn't use it very often, he operates on the pay as you go plan. The pay as you go plan is where you pay for the services you get with money you have and if you don't have the dough you wait until you do, growth may be a little slower but at the end of the day the small business may find themselves in better shape and an awful lot happier no owing the bank a wad. The same applies to the homeowner, now I know this is not in sync with our modern times where credit is king but going forward this same concept of pay as you go may have some real potential for the average guy as well as the small business owner.
The people protesting in Chicago are more than likely the same people who were the most ardent backers of 44 and his Illinois entourage. They all more than likely thought electing a President from Illinois would automatically get them bags if not bushel baskets of that free government money, they wouldn't have to pay mortgages in Illinois anymore and their neighborhoods would be renewed as fast as the President could dispatch Rahm Emanuel and David Axelrod to the city to coordinate things. Surprise, surprise the protesters have just gotten lesson number big one, this guy isn't going to help anyone but his inner circle and those who can ingratiate themselves monetarily to him, the ignorant little guy gets screwed again. The Unions were present to help muddy the waters and do their best to shift any blame away from the White House while demanding much tighter restrictions on the big banks, for what I don't know. Well, at least it didn't rain during the day and totally ruin their parade.
Thanks for reading,
"Every actual state is corrupt. Good men must not obey laws too well".
Ralph Waldo Emerson
1803 - 1882
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