Bail outs.
Posted by Tony Treml on November 13, 2008
Man, I just can’t stand it any more. I’ve been trying to hold it in and let it go but this whole bailout thing is really frying my fritter! First that the big companies are receiving these huge bailout packages rewarding poor performance with billions of our money.
Then the politicians of both parties saying they want to help out people defaulting on their mortgages. Keep them in their homes, they say. Its not their fault, they are simply victims of predatory lending. Really?!? Those lenders forced these people to sign on the line for a sketchy loan, huh? Held them down until they signed, I’m sure.
Come on. Where is the personal responsibility? Here we sit clipping coupons and pinching dimes to make sure we stay in the black and can pay our bills when they are due. We moved two years ago to a new city. Our bank was offering us a mortgage amount that was stunning, and we knew there was NO way we’d be able to pay that much back. So we went with a house that we knew we could handle and a debt from the bank that was far less than what they were willing to lend us.
So what happens to folks like us? We see huge failing companies being bailed out, a possibility of struggling folks being helped to keep houses they shouldn’t have bought in the first place. What about us? Why the heck did we go and be responsible, budget our money and live frugally? Where is our bailout?!?
Man, it is so frustrating to watch the news. I can feel bad for some folks, I really can, but to expect our money to help folks who dug their own hole… its frustrating. Dig them out and what will they do? Turn their life around, become fiscally responsible? Yeah, right.
I better stop, I can feel my ire going higher.
Peace,
Tony
It makes you wonder who is really running this country. Now I am not one to jump onto conspiracy theories but what has been happening is a real eye opener. Congress seems to have either been lied to if you believe they are that naive, or they sing to the tune of the big bankers who line their pockets with the green stuff we all love.
When it comes to the auto industry I see that what they are making is a real physical product. Companies need to be flexible enough to compensate for natural free market supply and demand. What I am getting at is, the reason they aren’t making any more money is because the consumer is NOT buying cars. So how is giving the auto industry $25 Billion helping the consumer buy cars?? GM alone burns $5 Billion per month.
So a bailout will help their supply but there is no demand still because the consumer has not been bailed out.
It’s also interesting to see that roughly 70% of all of the bailout money so far that has been implemented has gone to staffers. I thought I heard from congress that this money would not go towards golden parachutes?? That’s what I heard, yet AIG top staffers took the money and put it straight towards their salaries and bonuses…. never skipping a beat.
Where is the outrage??
November 20th, 2008 at 8:46 am
its pure complacency. Why get angry and raise an uproar when someone else will do it. You’re dead on with the auto companies. What happens if they don’t get a bailout? They might fail. BIG DEAL. Someone else will step in and take their place. Thats the idea behind competitive markets.
Your product sucks and no one buys it, you don’t stay in the market!
Bailout without strings means more money for the dillholes who ran the company into the ground. Bailout with strings means more government regulation and oversight.
Neither option is ok with me.
This complacency and apathy, this desire for more government help is going to change our country for the worse, if it hasnt’ already.
I’ve said too much.
November 20th, 2008 at 8:54 am
dillholes hahahaha
Yes, we have seen a lot of this stuff before, ever since the Fed Reserve system in 1933. It mostly went under the radar since people were still panicking about the Great Depression. Hoover implemented many socialist programs.
Actually one of the first socialist programs goes all the way back to the first Republican believe it or not. My favorite prez Abraham Lincoln. In fear of losing the war, and running out of funding for it, he created the IRS… to tax the people in order to save the union. It was implemented as a temporary thing, but we see it today and it has not gone away…
I sure wish it would. Abolish the IRS, abolish the Fed Reserve, abolish abolish abolish. Less government, less intervention equals more freedom… which is what this country was all about to begin with… Let’s cut all these stupid programs.
But then we will hear… “But it ain’t faaaaaaaaiiirrrrrr… I deserve to make the same as the next guy even though I am a lazy freak”
Ok I better go do something and stop bitching
November 20th, 2008 at 9:02 am