The Market Seeks Balance

Yesterday, the financial bail out plan was defeated in house of representatives causing the market to crash over 700 points.  Markets around the world felt the backlash and dropped as well.  Banks raised interest rates and tightened credit.  But, then the dollar rallied against world currencies.  A stronger dollar balances out the fall in the market.  Crude oil falls $10 a barrel because of a stronger dollar and demand.  The markets around the world are seeking balance with our market.  With Washington scrambling to revive the financial bail out (which they are now calling something else to make it sound nice), investors looking for deals swoop up stocks while the market is low, raising the market nearly 500 points.  Around the world markets all had increases (except Japan).  Once again the world is seeking balance with our market.  

The financial bailout is a purely inflationary move if proper regulations are not imposed to prevent this from happening again.  We can't keep giving trick loans to people who shouldn't have been given a loan in the first place.  We have to strenthen our economy at home, not by shipping jobs overseas.  Then more people can be legitimately qualified for loans.  Cutting cost by outsourcing American jobs just so CEOs can walk off with a bonus is wrong.  There need to be laws penalizing companies for business practices that "trickle down" layoffs to middle class workers rather than management.  Wall Street and Washington must listen to the call of the middle class.  There is no trust left.  Americans are tired of dirty bipartisan politics, lobbiest and investors.  The middle class is not a cow that can be milked for hundreds of years.   If there is a bailout plan, it should be paid for by those being bailed out not the average person.  Dirty business is profitable at first, but then you have to pay up in the end.  Not one penny more should come from the middle class American.  You want to talk health care, I might like to hear options.  But in the meantime all medical expenses should be a tax write off instead of some ridiculous percentage.  I think everyone can agree on that.  End of rant.