The big "bailout package" just makes me livid. I was excited that the senate opposed the bailout the first time. I thought, finally, a good, solid, smart decision that the government made.
Then they voted it in with extra whipped cream and a cherry on the top.
And now the effects are trickling down.
Congress hemmed and hawed about all this money they suddenly have to give to financial institutions, with no plan on how the banks are to spend it to get out of debt.
The banks are holding it back after they get it, and CEOs are still as cozy as can be living on outrageous bonuses.
And the people. Oh the people on mortgages who have more than enough money and are spending it unwisely, who are getting their mortgages paid through the bailout, and when they sell their house, the seller gets to buy it at a reduced price from the bank who takes the money and wipes the mortgage
free and clear, with no money owed from the
contracted price that the mortgagee promised to pay in order to live in the house.
Josh says, Unfortunately we are honest people. And honest people pay their mortgages, instead of letting our payment lapse for a few months, sell our house to someone for a lower price and renting for a while until the market bottoms out.
Lets screw with America. Please America - swallow our debts so we can live the materialistic and fantasy lives that enable us to pass nothing down to our children but deceit, poor money making decisions, and a must have mentality.
I'm wondering how many people who are moralistically and ethically making the worst decision of their life just for the money.
