Wednesday, November 12, 2008

$700 billion BAILOUT


According to Wikipedia.com, the $700 billion bailout plan was issued on Oct.1,2008. This plan was created for the United States Secretary of Treasury to purchase distressed assets, especially mortgage-backed securities from the nations banks of Wall Street. This act was proposed by President Bush and Treasury Secretary Henry Paulson. Also the government spent $85 billion to bailout major insurance company AIG. So basically the nations banks were allowing people to receive loans and mortgages who they knew that could not afford the payments. The banks did not take responsibility for their actions and our tax money had to bail them out is that fair?, I don't think so, not at all.

Wednesday, November 5, 2008

The Presidential Elect



Hard work, pleasing the people, and months of campainging to become the next President of the United States has recently resulted in the victory of the democratic candidate Barack Obama. I don't think his victory is a good thing. Not only does Obama support and practice socialism he also does not support christian morals like pro-life (no abortions )and he is for gay marriage. I think our country in headed for distruction. Also he plans to tax citizens with higher incomes. Why should successful hardworking people have to basically give their hard earned money to the slackers who believe the government should take care of them. That brings up another issue, the government is not supposed to take care of you in that sense. The government is there to keep people and situations on track and enforce laws, not to baby America. Also new proposals have already been passed such as marijuana being leagal for medical and leisure use I don't think this is a good choice on behalf of the government.

About Me

Ishpeming, Michigan, United States
My name is Alayna Foran I'm 15 years old, I'm a sophomore at IHS. I enjoy tennis, journalism, music,photography, and snowboarding. I love the beach and mountains. Iam origanally from Montrose,Colorado but now Iam currently living and attending school in Ishpeming, Michigan.