Let's Talk About It

I have been troubled by the Republican's choice of a running mate for John McCain since the RNC.

Sarah Palin

My wife and I did our duty today...we voted early. It was a painless and quick experience.

We went to the City-County building; arrived about 1:00 PM, was in and out in less than 30 minutes.

Please, do your duty and vote. Vote early at any of the off-site pollis that are set up or vote on November 4.

Do your duty.

I know I am in the minority when I say that the passage of The Emergency Economic Stabilization Act of 2008 was needed, needed quickly and I support the bill

I think that when the bill was first drafted a few weeks ago and introduced to us by President Bush, the labeling of it as a "bailout" was a huge mistake. To me, a bailout is something given with nothing in return. This bill is not that; it authorizes the Treasury to buy mostly mortgage backed securities from investment banks. These securities have a value and will likely to increase in value over the next few years as our economy turns around. These securities will then be offered to investors for more than what they were purchased for, hence we taxpayers should see a profit and hopefully a tax benefit of some kind.

I say the bill was needed because there had to be something done that would get this "bad paper" off of the bank's books so they would start lending money again...money for businesses to make payroll, buy inventory, expand their operations, home purchases, new cars, college tuition. If the bill wasn't passed, we would have witnessed lending completely freeze up as banks would not even want to lend money to other banks.

Here is a link to an article by the National Association of Realtors that gives you a summary of the bill and what it means to me and you.

The Emergency Economic Stabilization Act of 2008