Why you should care about this bailout...

In an editorial in the Dallas Morning News, from an unknown author, an argument is made directed toward all taxpayers why we should care about this bailout. The author does a good job by first describing some of the initial thoughts that many people in this country are probably having towards the $700 billion Wall Street bailout. One of these thoughts is “Why should tax payers have to cover for the foolish investments and risky deals financial fat cats made?” Another is , ”Wall Street made its bed, the thinking goes, and now those executives should lie in it.” Since there are many people having these exact same thoughts, I think the author did an excellent job in stating these thoughts first, this way it allows the readers to immediately begin connecting with the story. After those thoughts are stated, the author goes on to say that although these thoughts are compelling, it is wrong and dangerous to think this way. This is not just a matter of punishing wealthy financers, but it is important to our economy. It is described in the editorial how banks are scared to lend to one another because they are unable to differentiate between those who can and cannot pay the money back. The author argues that we all need to care about this because an economy without credit is like a pond without water. Examples which the audience can relate are then used, such as people can't borrow money to buy or build houses, ordinary people lose their jobs, and neighborhoods turn to slums. I think those were excellent examples because they put a little bit of fear in all of us. In conclusion, I think this unknown author successfully got his or her point across to the audience. The thoughts and examples described in the editorial were put together in a good order and were clearly explained in a simple, but thorough manner. The author not only caused people to think about what he or she said, but really got us to understand why we as taxpayers need to care about this bail out and not just sneer at the idea of how our government is helping out those who already have lots of money. Even if we are not rich and do not have stocks to watch, I highly agree that this bailout WILL effect each and every one of us in one way or another, therefore we need to care about the decision being made.