It seems that the media is attempting to scare the middle class into supporting the bailout and Wall Street by a barage of scare tactics and worries that we will be screwed by the problems on Wall Street. I keep hearing from all these reporters that those of us on Main Street do not understand the implications of the bailout plan not passing in Congress.
Here is what they are saying:

1. The credit market is frozen, Companies will not be able to meet payroll and you will not be able to get short term loans. Seems to me that any company that cannot pay their employees and rely on loans to do so should not be in business or will tank sooner or later anyway

2. Your 401K, pension, and retirement will take a major loss. Unless you are retiring in the next few years the economy will be better off if Wall Street is allowed to fail. Your 401K, retirement will be stronger than it would have been if this crisis was allowed to continue as business as usual

3. Your credit cards will be no good.
Those of you that have been living off your credit cards its time to pull that tittie out of your mouth and learn to live within your means
4. Companies will be forced to scale back on employees or go out of business.Our economy will be better off cutting out the cancer of all these businesses that are on the verge of failure, see 1,2 and 3 above

Just my thoughts on these scare tactics.

Dang, intellect. This is indeed a great day. The lobbyist are investing millions to save billions

See the media for what it is. Great post. Thank god for Lou Dobbs.

Nathan

Side note. Hold tight to your beliefs America. Expose the media for what it is. Sweet.

Call you congressman or woman. Let them know your thoughts. We can whip this like the immigration bill.

Nathan