A great lesson for the kids
September 29, 2008 | Colorado | Vetting explained
So, I guess the lesson here is that those who make stupid financial mistakes -- whether it is banks making risky loans, or people buying houses they know they cannot afford -- are the ones who win in this life? Is that the lesson we're teaching our children?
I've never missed a mortgage payment in 10 years, yet how do I benefit from this bailout plan? I don't. It's my tax dollars that are going to bailout the stupid people in this country. I even wrote both my representatives and asked them if I could expect the same rescue when I blow all my house payments on horse races (those carry just as much risk-reward as giving home loans to people who can't pay them back, right?). When a "free market" does stupid things, this is what you have to expect. You also have to let it correct itself. (I may sound like a Republican, but I'm actually a Democrat -- for the moment.)
This is the dumbest thing I've ever seen the U.S. government do. Justice -- or, more importantly, fairness -- is just a myth in this country. I recommend you do what I am going to do in November: vote out all incumbents, regardless of their party affiliation. It's the only way to get them to listen to us again.
- Tags:
- economy
- Posted in Assignment:
- Bailout outrage
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