Thanks For The $30 A Month

$13 a week, $15 twice a month, $30 a month... not sure exactly which news statement is correct, but the wonderful stimulus package that will be signed soon will give each of us $400 in our paychecks. Spread out over time. So, what are you going to do with your extra $13 a week that will stimulate the economy and help get us out of this recession? What an absolute joke.

The more I watch, listen and read what our gov't is doing the more I realize just how out of touch they are. (I am not pointing at the democrats or the republicans, I'm talking about the gov't as a whole) And it also worries me greatly what they aren't telling us. The desperation, the scare tactics and statements are getting heavier. The big banks are so overleveraged that they are basically bankrupt.

And their answer is an 800 billion dollar package that gives us $15 at a time and lets us write off sales tax if we buy a new car.

Total insanity.

The stock market was nosediving again today but in the final hour a news story came out that the latest rabbit out of a hat was a new plan to subsidize homeowners by letting those in distress have their loan amounts lowered based on current value. I could rant on this for a while, but I won't. It just irritates me that I bought a house I could afford and I get nothing, but people that overbought will get a discount on their house. I should have bought that $800,000 house I liked instead of the $250,000 I did buy.

Lets see how long Wall Street thinks that's good news.

The Dow went down below 7700 today... creeping back to the November lows. The S&P is holding up better by staying above 800.