Home > Politics, News & Issues > US Politics > US Economy
Created on: December 30, 2008 Last Updated: January 21, 2009
Reasons why the bail out is a necessity...There is a question plaguing the minds of the people wondering what extremes will a person go to in order to preserve a way of living the people have come accustom to. Will there be another riot, but this time it will be with the whole nation compared to just one city, will the crime rate increase when a person gets desperate enough wanting to provide for their families, or will our government come to the aid of the people that are screaming for assistance?
They will reinstate our nation's hopes that there is a way for the government to actually be there for the people of our nation rather then making a promise to the people and then never making a change. By implicating the bail out plans that the government has proposed, it will give the nation a sense of stability and confidence that is missing.
The crime rate in America is going to sky rocket simply out of desperation; this is an aspect that can be deflected by the bail out. Regular Americans will not have to make such drastic decisions and would allow them to be able to have some salvation regardless of the amount. Now with the bail out offering hope for loans granted by banks, the US federal authorities will also be able to temporarily insure most new debt issued by US banks, giving back yet again both stability and confidence.
The bail out granted for banks, will give the opportunity for Americans that are in the market to purchase homes, the ability to do so. Banks are concerned about being able to cover the debts especially since the housing bubble has burst; there are banks around the world that are now left with millions of dollars of debt. Granting the bail out will permit more leeway with home owners, especially when it is needed the most.
Thousands plus had money that was invested into the US Stock Market, and when the market took a hit, so did the people that had invested money in hopes that the stock market would provide some form of an asset. The bail out for the stock market would re-insure investors without a major concern of another crash. This always has an element of risk but that can be reduced.
Those that are bellow the average and making less then $50,000.00 a year are no position to make large purchases of any sort. Everyone is scared to make purchases, or frightened that they will end up homeless, this sense of fear would be somewhat be eased by the bail out, and give the people an opportunity to see that we don't have to hit the next depression of our Nation.
The "average American" is now at a level of poverty, unable to work, not because they are not qualified, but because companies are not hiring anyone right now. Everyone has become expendable and there is no job security for companies to offer their employees. Giving back to the average American is what is needed more then the sense of security given to those that don't need it. It is believed that the bail out will be what does this for the "average" person in our nation.
America is looking to the government to lend a hand to a nation is desperation and fear, and the people are looking for an answer to be given to them that things will improve. Now it is not expected for a change to occur over night, but the steps need to begin being taken. Realistically, the bail our will filter down from the rich to the "not-so rich" people and all of America will feel the change. It is not a change that needs to be seen as much as it needs to be felt, and that is what the bail out will give Americans, a feeling of change in our Nations standing.
Learn more about this author, Lisenga Sutter.
Click here to send this author comments or questions.
Below are the top articles rated and ranked by Helium members on:
Ten reasons why the US government's bailout plans are necessary in the current crisis Americans are facing and how the bailout plans will help
by Jamie Rider
With growing unemployment, deflating housing values, wage stagnation and crippling consumer debt, the Government bailout
by Todd Pheifer
Despite some of the feelings of the American public, the United States government bailout is moving forward. While the common
Various opinionated pundits are duking it out regarding the best way for the US government to solve the current economic
The other day I was reading a post on a message board and the person was ranting about the government bailout plan. The
by Paul Oranika
The 2008 US recession resulted from the real estate sub-prime crisis. The government approved an initial $700 billion towards
View All Articles on: Ten reasons why the US government's bailout plans are necessary in the current crisis Americans are facing and how the bailout plans will help
Helium Debate
Cast your vote!
Click for your side.
Featured Partner
Katrina's Angels support communities affected by disasters by offering solutions to unmet needs and enhancing the recovery process through resource pooling and information sharing. Katrina's Angels will: Provide struc...more