Oh yeah – we have become a socialist nation. Not being online gave me more time to surf the channels and catch all the economic gurus talking about this collapse. It’s funny how everyone is now saying “oh I predicted it would happen”. I remember last summer when Jim Cramer was talking about it and people called him a doom and gloomer. Well he was right on.

So now we get to fork out $700 billion in bad loans in order to save Wall Street. That’s right, WE, as in the American taxpayer. There’s a chance we could end up making money off of it, but I wouldn’t hold my breath. Will this finally put an end to the “no regulation” beliefs of the GOP? I highly doubt it.

Something that does need to occur now is enacting legislation to limit the severance packages of failed executives of corporations. If you or me went into work and cost our company everything, we would get booted out and have trouble finding employment again. Instead these executives receive millions upon millions of dollars as they leave. It’s a practice that was unfair to the stock holders and the consumers, but now it is also unfair to the taxpayer since we are left saving their asses.

Everyone seems to be breathing a little easier this weekend as Wall Street rebounded some yesterday, but wouldn’t you also rebound with the early Christmas present given to you by the U.S. taxpayer? We definitely are not out of the woods yet. There are still a lot of problems facing our economy, especially Detroit. We also are paying out all this money to bail out the financial institutes, while everyone seems to ignore the fact that America is broke. America is having to use its credit from overseas to bail out the credit crisis. An oxymoron if I ever heard one.

So when does this disaster end? No one knows. There is one thing I can say for certain. The disaster will be prolonged if we have John McCain in the White House pushing through his beliefs of no regulation and trickle down economics. We need a White House the understands the basis of a strong economy is its workforce. People being paid the proper wages for the work they do, not having to work extra long hours and a security of their future is imperative. Fortunately we do have Barack Obama on the ticket and this is what he believes in.

This week should serve as a wake up call to the American electorate. If we make the wrong decision in November then our troubles will only be prolonged.