"How will we be affected?; 'Why is it my responsibility to bail these companies out?'" by Jenifer B. McKim, Globe Staff | September 21, 2008
Melissa Hamlet worries that the stock market's wild swings will mean fewer potential buyers for her home. Restaurant owner Christopher Tocchio fumes that the government isn't holding failing businesses accountable for their reckless decisions. And Mary Vaughan, a recent widow, wonders why government rescues corporate America while she struggles to pay her bills.
"I'm paying enough taxes now, and the taxpayers have to bail these big guys out?" she said.
Anger, fear, and shock about the Wall Street meltdown are percolating through conversations along Massachusetts' main streets. A whirlwind week of unprecedented government intervention to prop up the nation's financial system seemed to confirm people's worst fears: The economy is in peril and recovery is far off.
Seemingly overnight, nearly everyone felt poorer - homes lost value, 401(k) investments were battered, and jobs, for some, were in jeopardy.
"From a taxpayer standpoint, why is it my responsibility to bail these companies out? It's wrong," said Tocchio, 38. "The CEOs of the companies should be held accountable."
Vaughan, a 57-year-old widow, wonders why massive companies get help while people like her are left to fend for themselves. Her money problems started when her husband became ill a few years ago. They refinanced their home three times, but her husband's $1,000-a-month Social Security check was not enough to keep up with payments. Now she is on the brink of foreclosure.
"Nobody helps us out and we have to bail out these guys that have lived a good life for years," Vaughan said. "I'm even up to my eyeballs in credit card debt."
The economy is affecting 31-year-old Benay Ames of Braintree in a different way. She said she has a secure job in healthcare, and her husband, a stone mason, is working, too.
"What angers me is the people responsible for this are making half a million a year, and it's not going to hurt them," she said. "Yet as a taxpayer in the middle class I'm going to be the one who pays for it."
You know, seeing as I am so hungry, I say EAT the RICH!!
Let's just COOK 'EM UP and EAT 'EM after we have HUNG THEM!!!!!!!!!!!!!!!!!!!!!
By the end of the week, most people far from the center of the financial maelstrom were left with many more questions than answers, and mounting concerns about what happens next.
"It's so secretive, so you're not sure why all this happened," said Rachel Weinstein, a homemaker in Waltham. "The sky's falling. We saved it. But why did the sky fall?"
Oh, crisis over then, huh, Boston Globe?!!
Yup, the WHOLE THING has already been saved -- for OUR FASCIST RULERS and their ELITE BACKERS!!!!
Figures that's what some JEW housemaker would say and what an agenda-pushing Zionist War Daily would report!
Yeah, I am tired of their fucking lies, biases, and JEWISH SUPREMACISM, yessir!!
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