Grab a dixie cup! It's time for a bailout!
The economic ship is sinking and we are using a dixie cup to bail it out! One of the biggest concerns I have is the proposed bailout of the Mortgage crisis.
While there are wonderful arguments on both sides, it seems like all the bickering is just for poliitical reasons and has very little to do with actually solving any problems.
IN MY OPINION, the number one economic issue in this country isn't the home mortgage crisis, or the energy crisis but the WAR IN IRAQ. We are spending billions and trillions of dollars there and how do we not realize that is going to hurt us in EVERY aspect.
There are serious problems in housing for sure. Here is my prospective on that. It's a 50/50 split in finger pointing as to who to blame. Unregulated mortgage lending, shady deals and selling to investors on the secondary market was definitley a stupid thing. The investors didn't care if the loan was solid as long as they made some money. The lender didn't care if the loan was solid because they sold the loan. The buyer may have thought they could make the payments until everything else from GAS to Bread went up and maybe their company was downsizing, etc to make ends meet. It's clear the subprime lenders are mostly gone, they got their money, hurt a bunch of people, but they are outta here! It's not as simple as "bailing out" people in foreclosure, because each case should be looked at indivdually and decided WHO lied to whom and there should be indivdual actions taken, not ACROSS THE BOARD like the Senate is proposing. GOOD FOR THEM they are trying to do something, but it's not a ONE SIZE FITS ALL kind of problem! 6% of mortgages are in trouble. WHAT ABOUT THE 94% who did what they were supposed to do. YOU CAN'T HELP ONE GROUP AT THE EXPENSE OF THE OTHER. Good intentions have hurt many people before.
GAS, what the hell is going on with GAS PRICES? I voted for Bush in 2000 because I thought he could figure out, being an "Oil Man" how we could responsilbly drill for oil in the pristine Alaska wilderness and become independent of foreign oil. I AM FREAKING OUT that things have never been so bleak and who is doing anything about it. BUSH being told gas could be $4 a gallon looked like a deer in headlights. IMPEACH him for being a total idiot. If he is that out of touch, he doesn't deserve 6 more months in office!
The WAR is the reason we are in trouble. We can't fix our own roads or bridges (I live 1 1/2 hours south of the Bridge that collapsed in Minnesota) and yet we are building the infrastucture of Iraq. THE WAR is the reason for the insane rising prices in every product. I make good money as does my husband, and yet it kills me to go to the grocery store and pay $300 for the same goods it cost $100 last year. And I live in the HEARTLAND. Things are not even as bad here as they are other places. How long can we sustain this?
I appreciate the work the Senators are doing. It's an effort, but lets stop bickering over where to place the bandaid and go straight to the artery and stop the bleeding BEFORE IT'S TOO LATE!