Aggressive action? Yeah, right.

I think it is pretty clear that when President Bush says he plans aggressive action to aid financial markets that he is talking about financial markets and not about the people affected by the ‘s clear from his actions (taking over Fannie Mae and Freddie Mac, offering support to big corporations, but only grudgingly providing the smallest of help to individuals).

“The American people can be sure we will continue to act to strengthen and stabilize our financial markets and improve investor confidence,” Bush said in two minutes of remarks delivered outside the Oval Office.

He did not specify what actions would be taken. The president was to meet with economic advisers over much of the day, and was seeing Treasury Secretary Henry Paulson at the White House later today.

“Our financial markets continue to deal with serious challenges,” he said. “As our recent actions demonstrate, my administration is focused on meeting these challenges.”

My question is this: How does that help my neighbor with his credit card debt or medical bills?

Author: hankkalet

Hank Kalet is a poet and freelance journalist. He is the economic needs reporter for NJ Spotlight, teaches journalism at Rutgers University and writing at Middlesex County College and Brookdale Community College. He writes a semi-monthly column for the Progressive Populist. He is a lifelong fan of the New York Mets and New York Knicks, drinks too much coffee and attends as many Bruce Springsteen concerts as his meager finances will allow. He lives in South Brunswick with his wife Annie. View all posts by hankkalet