Sunday, September 21, 2008

The End Of Greed On Wall Street. Is that such a Good Thing?

Greed on Wall Street may finally come to an end. But don't rejoice too fast. We have had Capitalism in place for 200 years. And the gap between the super rich and the
middle class is getting too large. It is like a rubber band. What happens to a rubber
band when it is stretched? It either snaps back or it breaks. With these bold changes we still need to be careful. Capitalism is why we are a wealthy nation. This is why I am terrified to
have a Barack Obama in office. He is a very nice person but, I still believe in
Repulican ideals when it comes to financial plans in this country.

We cannot punish people for making money. There are rules in place and our
corrupt President and Congress has not been enforcing those rules. So, that does not
mean that we go to the democrat ways to get things done. Many in their party have been just
as corrupt as President Bush. What we need is change in a careful, thought out way.
I am happy to see
change but at the same time we need to do this a little more slowly. And we cannot just start punishing anyone who makes money. Money is what made us powerful, like it or not. If corporations do not make money they don't hire workers. This is just a fact. Just because you may not like it,
it is still what keeps us all in jobs. Other countries are gaining ground on us faster than at any other point in history. This could be a turning point.

So, to conclude, we are at a precarious point and we cannot revamp everything on Wall Street just because we are scared. In my view, John McCain has the record of working together with Democrats and Republicans alike. Mr. Obama really sees things the way he always has
and that is way more worrisome than Executives and their golden parachutes.
We cannot lump Capitalism and Special Interets. Those are two totally different things.

Written by Robyn Honsey ThreeDollarsaDay.com


Greed is Good From Wall Street



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