Read "WE are out of control!"
We ARE the government, after all!
The whole Rita, Katrina, Ike, Gustav, Jorge, Bob and Carol and Ted and Alice clean-up, all by itself, is costing BILLIONS with a capital B.
When did it become part of the purview of the federal government to pay for housing and lost wages and food and Lord knows what else after a hurricane? I mean, I know HOW we got here (unsolicited whining from every liberal corner!), but when, Constitutionally speaking, did the federal government usurp the authority of the states to deal with local catastrophe?
That's what I thought.
Now, the government tells us that it's bailing out the institutions who lent the money to the deadbeats who bought WAY more house than they could ever afford and expected (I guess) the government to pick up the tab when the market stabilized to a place it probably should have been all along. Greedy lenders loaning money to greedy borrowers equals OOL (Out Of Luck!) if you ask me! I know why they're doing it, and it has nothing to do with stabilizing the markets or whatever else GWB said in his speech last night.
It's an election year.
End of story.
Here's the lesson to be taken from all of this. The government tells lending institutions who they can and cannot lend money to via regulation (you know, all of those equal opportunity lending regs that drive all of us crazy!) and then recoil in horror when those same institutions cannot make money that way and turn to less than favorable loans to people who DO qualify.
The systems broken and will never be fixed until the government gets out of the equation and allows banking institutions to loan money to whoever they like AND deny whoever they like! In other words, let the bankers do what they're trained to do and get back to governing!
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2 comments:
What the American people need is to grow some nuts and do what our forefathers did. The men that signed the declaration of independence had everything to lose. We are slowly becoming a nation of people with nothing to lose and our government stands by and lets us get screwed. The benefits of living in this country are dwindling down to nothing. What these big Corporations are getting away with is criminal and our president is backing them up on it. We need another tea party but unfortunately most of America is asleep. I can only hope that America will see how the government has let them down and stand up to do something about it.
I completely concur with you. I do not understand what is wrong with people. They are more interested in hearing news stories about Michael Jackson than they are about things such as this Cap and Trade Bill that just passed the House. I am beside myself. I feel like an island. I know there are more people out there like you and me, but we have got to find them and collectively do something. I am 39 years old and scared to death of the future my 10 and 6 year old sons face. This, I assure you, is not the country our forefathers envisioned. This is what they fought against. Something must be done before it is absolutely too late.
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