Why should doomed to failure mortgage holders, defunct bank and other financial groups be bailed out beside our tariff dollars?
My opinion is that people overextended themselves during the years of prosperity and did not plan for financial down turns. Remember the grasshopper and the ant story and the moral to that story? Well, no one helped me when I have to declare bankruptcy and be nearly homeless. I am not hateful because of that experience. It brought to the realization that people own no longer taken responsibility for their actions or plan for the future. The "Me" social group is crashing.
And, this down turn in economics just might be a right thing. You can make a house of cards lone so high before it falls. Hopefully the entire house of cards don't collapse. Hopefully, at hand is a sound base that we can do from scratch upon smarter and higher.
So, what arguements against what I just stated? Where are my thoughts flawed. Why should my toll dollars be spent to bail out other people's misfortunes? Sell the house and buy cheaper or rent.
Oh, my IRS money in May is going into my savings, not mortal spent.
Answers:
long live Bear Stearns
I cannot argue near a word you have said, however, you haven't taken into account that this is an see year and many of those those people who hold failed to take "responsibility for their activities or plan for the future" are voters. (You didn't honestly believe the government cared in the order of them, did you?)
I agree with you about individual responsible. My husband and I have done all the right things for nearly 30 years. We enjoy the Roth IRAs, the 401K, the modest home etc. But, we are approaching retirement age in the next 10 or so years beside not nearly enough to retire on thanks to what have happened over the past two years. Our house be appraised at 325K 4 years ago when we took out a Home Equity line of credit. I couldn't give it away very soon. Houses in my neighborhood have be on the market for over a year and haven't had a single donate.
So, if our tax dollars are going to be used to help someone I would much to some extent it be Americans. Like my husband and I who have worked hard and save, and my daughters who graduated from college and can't find those high paying job nor can their husbands and both have babies on the way. I preserve telling them this is the perfect time for them to buy a house but, they are paying past its sell-by date student loans and don't have a down payment. I aspiration I had it to give them.
I want a president who will put America first. Solve our pressing problems and win the economy back on it's foot. From what I see in the selection of candidate I don't think it's going to happen.
It's because the crooked private bank called the Federal Reserve is the most stealthy deceitful organization that exists.
They are bailing adjectives these private companies and issues out by increasing the M3 money supply that is sinking our dollar. That is a tax, call inflation.
Look up the M3 supply and the Fed quit reporting it. I'm not kidding when I say this, the Federal Reserve is going to come to an end this country as we know it.
This is not politics... Nothing happening is "Bush this or that, Clinton this or that, Obama". This is about POWERFUL bankers manipulate the economies of the world. I'm dead serious. Follow the money trail. The presidents are mere puppets on the world bank's stage.
An informative video on this
(old but appropriate and explains things)
http://video.google.com/videoplay?docid=… Source(s): Former Federal Reserve employee and economist.
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And, this down turn in economics just might be a right thing. You can make a house of cards lone so high before it falls. Hopefully the entire house of cards don't collapse. Hopefully, at hand is a sound base that we can do from scratch upon smarter and higher.
So, what arguements against what I just stated? Where are my thoughts flawed. Why should my toll dollars be spent to bail out other people's misfortunes? Sell the house and buy cheaper or rent.
Oh, my IRS money in May is going into my savings, not mortal spent.
Answers:
long live Bear Stearns
I cannot argue near a word you have said, however, you haven't taken into account that this is an see year and many of those those people who hold failed to take "responsibility for their activities or plan for the future" are voters. (You didn't honestly believe the government cared in the order of them, did you?)
I agree with you about individual responsible. My husband and I have done all the right things for nearly 30 years. We enjoy the Roth IRAs, the 401K, the modest home etc. But, we are approaching retirement age in the next 10 or so years beside not nearly enough to retire on thanks to what have happened over the past two years. Our house be appraised at 325K 4 years ago when we took out a Home Equity line of credit. I couldn't give it away very soon. Houses in my neighborhood have be on the market for over a year and haven't had a single donate.
So, if our tax dollars are going to be used to help someone I would much to some extent it be Americans. Like my husband and I who have worked hard and save, and my daughters who graduated from college and can't find those high paying job nor can their husbands and both have babies on the way. I preserve telling them this is the perfect time for them to buy a house but, they are paying past its sell-by date student loans and don't have a down payment. I aspiration I had it to give them.
I want a president who will put America first. Solve our pressing problems and win the economy back on it's foot. From what I see in the selection of candidate I don't think it's going to happen.
It's because the crooked private bank called the Federal Reserve is the most stealthy deceitful organization that exists.
They are bailing adjectives these private companies and issues out by increasing the M3 money supply that is sinking our dollar. That is a tax, call inflation.
Look up the M3 supply and the Fed quit reporting it. I'm not kidding when I say this, the Federal Reserve is going to come to an end this country as we know it.
This is not politics... Nothing happening is "Bush this or that, Clinton this or that, Obama". This is about POWERFUL bankers manipulate the economies of the world. I'm dead serious. Follow the money trail. The presidents are mere puppets on the world bank's stage.
An informative video on this
(old but appropriate and explains things)
http://video.google.com/videoplay?docid=… Source(s): Former Federal Reserve employee and economist.
Related Questions: