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Personally, I’m glad the bailout went down when it did, but only really because I believe a better proposal will come of it. I’m no economist and I’m not one to listen to the scare tactics of the media either, but the economy is messed up and that’s apparent. My only concern is how rushed the act was and how many scare tactics were used to get citizens to implore their representatives to vote to pass the bill.
I am a (very)small business owner and it is pretty worrisome to see the economy where it is as far as lending and banking stability. The thing is it doesn’t matter how bad the economy is if you have a good idea and the ability to explain the idea in a way that makes sense to people with money then you will have no problem getting money to do business. If you just say, “Hey, I’ve got a website and it will make money because people click on ads!” or “We’re offering our web product for free for now, but someday next year we’ll add a pro service and everyone will want it!” then you’re out of luck the days of handing out money because a young kid made an awesome looking homework project is over for now. Don’t fret though I’m sure it’ll be back there is tons of money just waiting to be spent.
While this turned into a kind of rant for me I truely do want to know what you think of the bailout and our economy in a whole. Do you believe it’s in as bad of shape as they say it is? Do you see signs in your area?
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Jason
September 30th, 2008 at 8:22 pm
I agree I think something better will come of it!
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October 1st, 2008 at 7:12 am
The plan was garbage basically it was “Hey, lets by up all the debt so people can get into new debt to stimulate the economy” What really needs to be done is something where incentives are given to companies that bring jobs back to the states and higher emphasis is made on buying American products so that we can keep some of this money here.
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