Save the Fat Cats

This opinionated article written by Nicholas D. Kristof is simply about his opinion on the bailout and how he sees it fit to approve the bill immediately. As written in the article, Mr. Kristof mentions that he was a foreign correspondent for the Times when he looked towards Japan. He uses Japan as an example of what is to become of the U.S if we do not act upon the debt that has been laid out. He mentions throughout this article using his past experience with Japan the similar effects that the bailout had on Japan including the businessmen involved being "jerks".

Mr. Kristof is trying to reach the public with his opinion on how to view the coming crisis. He writes that he believes it to be unfair that the average worker must pay for a few others' mistake. But that if the bill does not pass that in the end the public will suffer the greatest, being in which the banks will no longer be able to issue out any loans based on credit.

Being as though he used to be a foreign correspondent, he must have followed Japan's economic status very closely. He writes on how they chose to ignore their current economic down fall and believed it to be unimportant enough to deal with right away. He also uses the Japanese stock market as an example claiming that since the crisis, not only is their index one-third of what it used to but have lost forty-percent of their value. This indicates what he believes will happen here if we do not react and put into action the bailout bill immediately.

Before reading this article I believed it was unfair, even unthinkable to pay for someone else's mistake. From reading other articles they are calculating our losses to be about five thousand dollars per person to cover the debt. That is alot to consider, especially when the money comes out of your own pocket, but after reading this article my thoughts about the country as a whole have come more into focus. Now I see why acting immediately is so important, to save not only the future of this country but our future generations as well. It would be a great loss to have to pass down this debt to a generation that had nothing to do with creating it.