You’ve Just Been Robbed: Government Bailout Package
December 4, 2008 • written by Jasmine Branum
It’s probably because I am 16 and in 11th grade that I don’t understand this whole bailout issue. To me it seems like the childhood story we all grew up knowing, Robin Hood, in reverse. In this story, Robin Hood robs the poor and gives to the rich. To me it seems like the people in power, the people in this country that are making huge money, the people that we are supposed to look to as the ones with all of the knowledge, the ones who are most successful and “respected”, are just a bunch of useless weasels.
I know that the bailout of $700 billion was needed. It was needed because of greed and because the greedy knew they could get away with it. They could get away with it because they hold the positions of power. The greedy knew they could get away with it, and they did.
What I don’t understand is how a bank robber can get life in prison for stealing $100, but nowhere in the passing of the bailout money was anyone held accountable for what happened in these huge financial companies. Instead of prison, the executives of these firms are going to get huge bonuses for companies that caused America to go broke and stole from taxpayers.
But, the bailout was needed. There wasn’t an option. If you read the papers and see the news on television, all you hear about is the economy. People are losing their jobs in copious amounts. The workplace would experience even more layoffs if the bailout didn’t go through. People who are retired and living off retirement funds might have lost half of their savings, but they could have lost it all if the bailout didn’t go through. The bailout was needed, not to bail out the criminals in these corporations, but to help relieve the pain for those who the people who did this don’t seem to care about, all of the hard-working, trustworthy, honest, American people.
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You say the bailout was needed because of greed.
“I know that the bailout of $700 billion was needed. It was needed because of greed…”
Are the hard-working, trustworthy, honest, American people the greedy ones?
“The bailout was needed, not to bail out the criminals in these corporations, but to help relieve the pain for those who the people who did this don’t seem to care about, all of the hard-working, trustworthy, honest, American people.”
The “hard-working, trustworthy, honest, American people” should have taken their economic lashings for facilitating this mess now, instead of putting them off with this bailout, only to receive them latter with added intensity.