The Bailout Brain Rant

This one is my personal thoughts,
I am not siding with the way that McCain or Obama voted on the bailout. I thought that it was going to work better, faster, but now, their are some more squeaky broken wheels (squeaky wheel gets the WD40).

This economic downturn is disastrous and we might not excel as fast in the next couple of years as we have done in the past three decades. I understand the some of the reasons why the bailout passed, except, a small business that is already up and running does not have to deal with loans very often. It would be the ones that are to be made in the next year or two. Without the wealthy VC, there would be a shut down of growth. That is why you have to not increase, but decrease the capital gains tax and corporate taxes. America has the second highest corporate taxes. Why should their be tax cuts for companies who do not decide to ship jobs overseas or ship them back? They are doing the smart move. The chances are there are lower taxes to where ever they decide to go. How about you just cut the damn tax? Then more companies will move back and others companies will come.
If the government did not get the initial billions of dollars that it is trying to divide, then we would be better off. A significant amount of people would be able to pay up on their loans. Now, it is too late. If you give back the money, they are just going to think of it as a gift and spend it as a gift, on non-necessities like cigarettes, a boat, gifts for christmas. Apparently, there are a tons of other people who could have used the help earlier, when they did default on their mortgages, credit cards, and other loans.

Warren Buffet

The billion dollar machine, Warren Buffet believes that the American economy is the way to invest for long term. He wrote this opinion in an article in the NYTimes.

I agree with him. I do not agree with him in supporting Obama though, but that is a different story.

The market is down a lot in the past month, but the question is when will it go back up. It is obvious that it will be over time. The market has always rebounded from dips and the great depression.

Why would you invest?

Invest to put aside money for the future and manage its growth. You can choose to invest in certain stocks during this time and in 5 years or more, you will definitely see some gains in your favor.

Now, if you were to keep this money in the bank account, you are guaranteed that you will not lose your money, but you might be more likely to spend it on things that are not worth it.

I am going to start investing within a month.

Now is the time to get in on those deals of stock.