Goodbye Neo Gilded Age

No Bailout means: -small businesses would not be able to get the credit they need to operate, grow and hire workers. Consumers would have trouble getting mortgages to buy homes, further driving down prices. And tighter credit would mean lower sales of cars and other big ticket items, leading to more plant closings and layoffs.

So what's so bad? Small businesses? We still have those? I thought monster Wal-Marts gobbled them up along with their potential for growth and more workers. I guess you would have trouble getting a mortgage if you don't have awesome FICO scores and money in the bank? Ummmm, that's how it always was before house flipping became the new hobby du jour and everyone seemed to get greedy. It's ridiculous what they are asking for a 60-80 year old wood frame, two room w/a bath these days. The value of homes goes down and so do taxes on them? You wouldn't be able to buy a car unless you could afford it-really afford it, perhaps put a few thousand down first and have awesome FICO scores? That's how it was for me back in 2005. Plant closings? Here in the US? Are we still manufacturing things in the US? Are they trying to scare me?

There needs to be a rescue plan but the focus is on the wrong victims entirely. It's like watching a little bug in a jar go round and round but never changing it's point of view and looking up and flying out. Though this current mess on Wall Street reaks of Republican stench we all know somehow the Democrats will be blamed. This is the real tragedy.

Note: WWFDRD?