Where is my bailout?

[Mr. Conservatism]

It seems to me like the whole country has gone "Bailout Crazy"!

Banks make bad investments and they get a bailout.

Fannie and Freddie get stupid and they get a bailout.

Insurance giants screw up their finances and they get a bailout.

Home buyers pay too much for a house without an adequate down payment. The house's value goes down and they can't sell it and get their money out of it.And...you guessed it...there is talk of a bailout.

It seems to me that all these organizations/people have something in common:
They were all investing in something that went awry.

The solution: Bailouts all around!

As I write this, I'm scratching my head and wondering,...

"Where's my bailout!!???

Like these folks, I invested in something. My investments went awry too.

I have invested in individual stocks and in an S&P 500 mutual fund for 35 years. My investments are woth half what they were a short time ago. I ain't far from retiring. I need that money.

Where is MY bailout Obama?

Mr. C

[falcon]

Excellent post.

BTW: US agri-businesses get bailed out every year despite the fact that they makebillions. Find outwho the prince of farm pork is in your county:

http://farm.ewg.org/farm/region.php?fips=00000

[kevin1]

Silly, silly Mr. Conservatism...
You don't get a bailout, you're paying for everyone else's bailouts.

[hillbillyhunter1]

As much as I hate bailouts, after watching Bernake's interview on 60 minutes it seems like they may be an evil neccesity if we want to keep the economic system we have afloat. I guess the real question is do we want to???

When you have such systemic greed, incompetence, stupidity, pandering, and plain ol bullshoot, that thrives within our political system, and that same bs can be capitalized on by those with the intelligence and mechanismsto make a fast buck a billion times over,while escaping even the most minute scrutiny by those same nincompoops "in charge"....then this is what you get. In some way, we're all to blame.

[Steve863]

As much as I hate bailouts, after watching Bernake's interview on 60 minutes it seems like they may be an evil neccesity if we want to keep the economic system we have afloat.Â* I guess the real question is do we want to???

When you have such systemic greed, incompetence, stupidity, pandering, and plain ol bullshoot, that thrives within our political system, and that same bs can be capitalized on by those with the intelligence and mechanismsÂ*to make a fast buck a billion times over,Â*while escaping even the most minute scrutiny by those same nincompoops "in charge"....then this is what you get.Â* In some way, we're all to blame.

Agreed 100% with your second paragraph! It is greed on everyones part that has put us in this mess. People in this country just never have enough. From the filthy top executives who somehow think they need 10 million dollar bonuses every year, to the common guy on the street who just has to have that bigger house, the new car or truck every other year, etc., even if they darned well know they really don't have the money to afford it!

[slicendice]

It'll never pass, but here is something my local Congressman (PA-R Bill Shuster) is trying to get through...

http://www.house.gov/shuster/content/press_room/2009/090305_Tax.pdf