I read political blogs and follow the news but don't care to get into the red and the blue on this blog. I'm more purple than red or blue and no one wants to read my very middle-of-the-road opinons. I live in a very blue state and a cobalt blue county. I want the best chances for people but also believe that people have to be responsible and accountable for their actions. I was raised under the "work hard, pay your way" plan. I don't believe that home ownership is a right, I believe you work for it. When you can afford it, THEN you buy the house. I believe in access to affordable health care but don't believe in a socialist medicine. Free health care is not a right guaranteed by the Constitution and you know, someone has to pay for it. I acknowledge that our health care system is broken but a free ride for everyone based on the backs of the middle-class hamsters pisses me off. Because I'm on that hamster wheel and I keep paying more and more for less and less.
It floors me that our government approved a bailout for companies that basically have made such poor business choices that they've run themselves into the ground. With everything we know about markets, we've created a false one and this bailout just pumps additional funds into the fantasy. Believe me, I hear the large sucking sound in the background letting me know that my 401k is tanking but we know that markets adjust. Any basic economics course will tell you that adjustments happen and the more we interfere, the worse we make it. But right or wrong, we have a spending problem. This whole country is like a teenager out of control with a parent's credit card. Guess what folks, Mom and Dad finally got the bill in the mail. We have been living far beyond our means both personally and governmentally. We can't afford many of the programs we have in place but both politicians can't wait to roll out the newest ways to spend our money. Of course, all plans come with some statistician's explanation of how it will actually save us money. This combined with our eternal focus on the material, new plasmas, new shoes, new clothes, new cars. We need it! We want it and we don't care because we have our stocks and 401ks that will save for our retirement. I understand that there were some instances of predatory lending practices but seriously folks, no one forced you to buy more house than you could afford. I'm sick of interviews with people saying they deserve help to stay in their homes and they have new cars in the driveway in the background. Did they ever stop to think that maybe they shouldn't buy that new flat-screen tv because THEY COULDN'T AFFORD IT?
Okay so back to purple and my single political post. I've already mentioned that I was furious about the bailout. I'd consider a plan that was well researched and developed on the principles of transparency and what was best for the public but that's NOT what was proposed and certainly not what passed. The bill was based on fear, secrecy, panic and greed. And they couldn't resist, could they? In this bill passed in "dire financial straits" there is PORK! Children's toy arrows, car racing tracks, fishermen, etc. Golden parachutes all around too because the poor performers are already lounging by the pool with their fruity drink.
Seriously, both McCain and Obama are bright people. I honestly don't think either one of them would have supported the bailout if we weren't looking down the barrel of the election. It's hard to have the "people need to live within their means" discussion now, isn't it? But whomever carries the election in November, PLEASE STOP SPENDING BEYOND WHAT WE CAN AFFORD!
My parting shot...after we spend $85 billion to bailout AIG we get this:
http://abcnews.go.com/Blotter/story?id=5973452&page=1The poor execs at AIG were so stressed out by their week on Capitol Hill that that they had to recover at a luxury resort and spend close to $500,000 for a retreat. I threw up a little in my mouth when I hit the $26,000 in spa charges. Manis and pedis with our bailout. We got ripped off...seriously ripped off.
Shame on them, shame on our Government leaders for forcing this on us without the research, due diligence and discussion it needed, and shame on us for our spending habits and not taking savings seriously.
As a purple hamster, I'm getting really tired on this wheel.
Now back to your regularly scheduled programming.......