I apologize for my many rants lately but there is so much bad news everywhere that you can't help it but get in the bad mood. Usually I am a very positive and realistic problems solver, type of guy. I like common sense and I approach problems with a reasonable and fair solutions but lately I been getting so upset finding out how the tax payers are getting the worst of the deals left and right. For example the bail outs or rescue plan.
• We start with the Real Estate Markets. And the Mortgage industry .This bail out will require about $700 Billions (please notice the B in Billion) A lot of people make so much money out of this period, took the money and run but the irresponsibility of these deal will be given to the tax payers to foot the bill. Why? I will hate to reward people who help artificially inflate house prices by buying homes that do not worth the high price they were paying.
Just wondering, from where exactly are we getting the money to pay for this bailout?. Are we barrowing more money or are we printing new money? Are our elected officials helping us or are they part of the problem? Or are they just busy pointing the fingers at each others? If we are not careful we will be leaving a legacy of debt to our grandchildren (about $10 Trillion in debt and add of subtract another trillion for the bailouts.)
• Next in line is the Car industry. The 3 US car industries want their bailout too or they will have to close down plants and layoff a lot of employees. So Taxpayer have to bail them out too so they can continue making big gas sucking vehicles. Are we getting any discount on car if we accept this bail out? TV news shows last night that there were two angry and frustrated citizen, protesting and they said "Why taxpayers have to bail out the auto industry? Why not the Oil industry, with their record braking profit bail them out instead? They depend of each others so they should help each other as well".
• Who is next? The medical industry, perhaps the water or electric companies, whatever just get in the back of this long line.
And to finish with my rant with a positive and sarcastic tone, I will quote a line of a popular song from the group WAR.
I'd kinda' like to be the president
So I could show you how your money's spent
Why can't we be friends?
Sometimes I don't speak right
But yet I know what I'm talking about
Why can't we be friends?
Default FixSim_112007

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