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  • From: Lynn Wigglesworth <lynnw1366 AT hotmail.com>
  • To: <homestead AT lists.ibiblio.org>
  • Subject: Re: [Homestead] Is it serious, or is it not?
  • Date: Wed, 1 Oct 2008 07:31:19 -0400


Listening to politicians imploring people to support the bailout, saying
that it is Vitally Important, I get the impression that it IS important
TO THEM. 'They' keep talking about how America NEEDS credit to make it's
payrolls...any company that has to borrow to make it's payroll shouldn't
be in business. I think it's more like 'they' need the bailout to
protect the millions 'they' have invested in the stock market. And how
come we hear panic when the market falls 400 or 500 points, but we don't
hear much about the 300 or 400 point gain the next day? I feel like the
American public is being pressured to support this bill before we have a
chance to think or see what the market will do on it's own. When someone
is bullying you to do something is the time to say 'no' until you figure
out what they are up to.

By the way, I heard that Campbell's is one of the few stocks doing well.
I'm glad to hear that; they are a good company. They have done a lot of
good community work for Camden NJ, and haven't abandoned the city, even
though everyone else has.

Lynn Wigglesworth

Gene GeRue wrote:
> I can't get a handle on the seriousness of the so-called financial
> crisis. There is simply too much conflicting information.
>
> "Both campaigns pledged to support efforts to resolve the situation,
> though they were short on details. Mr. McCain’s campaign said he would
> continue to monitor developments closely to see whether more House
> Republicans could now be persuaded to vote for the bill, or whether it
> had to be amended to address their concerns. But his aides said there
> did not appear to be a need to return to Washington immediately, since
> Congress had recessed for Rosh Hashana."
> http://www.nytimes.com/2008/09/30/us/politics/30campaign.html?ref=us
>
> So, McCain is continuing his campaign. It is no longer of highest
> priority. It is not so serious that Congress is working straight
> through on it, like eighteen hours a day. They are taking time off for
> a religious holiday. Apparently that is more serious than the crisis.
> I didn't know what Rosh Hashana was but figured, whoa, this must be
> some big deal, so I checked Wikipedia.
>
> It turns out that Rosh Hashanah is the Jewish New Year. They blow a
> ram's horn and do other solemn things. Also:
>
> "Rosh Hashanah is a day of rest (Leviticus 23:24): with some
> variations, the activities prohibited on Shabbat are also prohibited
> on all major Jewish holidays, including Rosh Hashanah."
> http://en.wikipedia.org/wiki/Rosh_Hashana
>
> So, in the midst of what we are chillingly told is the greatest
> economic disaster of our time, our elected officials are observing a
> religious holiday and taking a day of rest.
>
> I thought we had separation of church and state.
>
> What am I missing?
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