Everywhere you look, everything you read, spells out impending doom. Every picture of Wall Street traders shows them beaten down, frustrated and worn. Companies are going under like an old man slipping into a bathtub. Layoffs. Bankruptcy. Takeovers. And then there are the banks.
We were always taught that having a bank account is the single most reliable and safe way to keep your money. But now, with banks failing and on the verge of failing, does having money in your mattress and overflowing out of piggy banks make more sense? At least you would know you have the money—at this point, what happens if a bank where all your money is housed fails?
I flash to that scene in It’s a Wonderful Life where George Bailey and his new wife are taking off for their honeymoon and see the Bailey Savings and Loan crowded with people in black trenchcoats and umbrellas—all standing in the rain so they can take their money out of the bank. And George says over and over: “But you see. Your money is not here.”
Is that what is going to happen to us? Because it seems that forgetful Uncle Billies and unscrupulous Mr. Potters are who are running our banks, giving out loans to those who can’t possibly pay them, and now they have got us in this pickle, and have no way of getting us out.
All I know is it spells doom and gloom. And I thought we already had our recession after the dot-com bust. But apparently that was nothing compared to the “worst recession since the Great Depression”—which is what I am hearing over and over like a refrain in church.
I don’t want to be depressed. I don’t want to be bankrupt. If anything I am angry at the way things are and how no one has any answers.
This election could not come at a better time. People need a leader that can somehow pull out of this doom and gloom because I don’t know how much more of this I can take.