25th
We MUST bail out Wall Street
This $700 Billion program to assist Wall Street financial institutions regain their footing is an absolute necessity to keep this country moving forward. I have urged Barack Obama to postpone our debate as we should simply press “pause” on campaigning until this bail-out program has been approved.
What Barack doesn’t understand is that without Wall Street and the money generated there, the US Economy will crumble. Wall Street represents the stocks, bonds, mutual funds, and commodities for Americans of all walks of life to invest in. Taking small amounts of money and investing them in American businesses and watching these businesses thrive and grow — this is a key reason to save Wall Street. That is the top-line reason on why to save Wall Street, but I’m going to get personal here. This is about individuals and their American Dreams.
A near dear friend of mine is a Managing Director at Goldman Sachs, Elihu Smails. Over the last 30 years Elihu was worked hard at his job and in turn has become quite a success. What will he do if he is out of work at this late stage in his life? He has been making 7 to 8 figure annual paychecks each year for as long as I can remember. What will he do now? Who will he work for? Some pencil pusher job at an accounting firm making 6 figures? I think not. Elihu has a passion for his private jet and as a family man, he has taken his wife and 3 children around the world several times on luxury vacations to exotic locations. On a trip two years ago, he bought one of the islands he visited - some uncharted island off of Fiji. He’s not sure now whether or not he can afford to keep it now.
Elihu is only one of my dozens of friends who work on Wall Street as investment bankers, hedge fund managers, and in other senior management roles. They are people chasing their American Dreams, but now these dreams are at risk, as they are all concerned now over what the future holds for them and their earnings potential. We need these people to have confidence in their ability to earn and in turn, their ability to spend their money. It keeps our economy going. Their lifestyles fill our coffers, plain and simple. Without Wall Street, who will but the Bentleys? Who will buy the Rolexs? Who will keep Country Clubs afloat? Who will buy the billion dollar mega-yachts and the thousands of gallons gas that go in them? Who will buy the temperature and humidity controlled wine cellars for their homes? (Let alone the vintage bottles of wine that go in these cellars) Who will buy the high end home theater equipment? What about the horses? Who will buy the thoroughbreds for their 12 year old daughters who absolutely need them? These are some tough questions without easy answers if Wall Street is not bailed out immediately.
I ask my opponent Barack Obama a very simple question - if he wants to provide more freedom to foreigners to come and live in the United States, who will employ these illegal aliens as housekeepers, lawn maintenance workers, or nannies? If not for the Wall Street bankers living in Darien, Greenwich, or Larchmont, these people will not have opportunity for employment in the US. So before you relax our borders to allow in more illegals, Barack, think hard about who will put these people to work if Wall Street is not saved. And think hard about Elihu Smails and the thousands of bankers whose American Dreams lie in the balance.
(Oh, and before I forget, SCREW YOU for making me look ridiculous around this whole debate thing)
