There can be no bailout of Wall Street without ownership by the citizens of the United States of the companies requiring bailouts. Why should our hard earned money be used to prop up entities whose greed and shoddy business practices got us into this mess?
It is inevitable that the taxpayers will be called upon in order to stem the tide of damages being inflicted worldwide. What is also obvious is that the financial condition of this country is dire. We are the worlds largest debtor nation and our levels of consumer debt are at record levels. The Conservative mantra that deficits don't matter is ridiculous as is indicated in the constant decline of the U.S. dollar. We must get our financial house in order. How can we even consider tax cuts with a deficit expected to top one trillion dollars in the next fiscal year?
Will the United States have an Argentina like meltdown that will plunge a vast percentage of our population into poverty overnight? I believe that remains a possibility.
Please call your elected representatives and tell them a no strings bailout is unacceptable.