Let me preface this blog by saying, our economy is in big time trouble, but the idea that 700 Billion for a bail out is an outlandish amount of money is funny. 700 Billion is the least of our worries. Now, let's begin our blog.
Let's blame it all on Freddie Mac or Fannie Mae, or Bush or the Devil for our economic woes. It's someone's fault that we are about to waste 700 Billion dollars on bad loan debt. But this got me to thinking, how much is 700 Billion dollars to us as Americans collectively?
Well, in a typical year, 100 Billion is spent at our Fast Food restaurants, 150 Billion is spent on alcohol in the U.S., 100 Billion is spent on electronics, 22 Billion is spent on cosmetics, 600 Billion is spent on new and used cars, and just for fun, a low estimate, 10 Billion is spent on PORN. These numbers are just the beginning, I could keep going. Billions of dollars are spent each year in the U.S. just on stuff; Not by Freddie Mac or Frannie Mae, who do suck, but by you and I (and the world) .
Our Gross National Product, GNP, is over 13 Trillion (yes the number 13 with 12 zeros behind it) a year. Unfortunately, Americans, spend more than they make. So we borrow more money to spend it on bigger houses we don't need, and cars we are bored of in 9 months.
As far as I see life, and I have seen this in Africa and Haiti, all one needs to survive is God's Word, food, shelter, and weather appropriate clothing. The animals that live around us testify to the final 3 on that list. As Americans we live in the most prosperous nation on earth, with blessing upon blessing, unfortunately, we can't wait for the next blessing, so we borrow to get it earlier, and borrow to get it bigger, faster and shinier.
I hope this economy gets straighten out, so Bush can give me another stimulus package so I can buy a third flat panel TV for my house. It completes me.
I say all this tongue in cheek. I know the economy is hurting people, my wife's family is in the construction business and are being struck super hard by this down turn. I don't desire to see us as the American people struggle financially. I want to see our nation blessed so we can be a blessing to others. I just wanted to point out, as a nation collectively, not as individuals, but as a nation, we could consider 700 Billion chump change.