If I had to vote on the bailout/rescue plan currently being proposed, I would do it.
It is not fair, it is not right, but I still would do it.
This is a tough one.
The American people do not want this.
Still, tens of thousands will lose jobs. Millions more Americans will struggle just to keep their heads above water.
Doing nothing is not an option.
Not bailing out the credit markets is not an option.
Worse yet, our leaders have not explained very well the affects on all of America if this does not pass.
To add insult to injury, the real cause of this failure has yet to be discussed in the public domain.
Sure, Barack Obama and his liberal cronies are screaming at John McCain and the Republicans for this failure. But is that the truth? Is it the fault of John McCain and the Republicans for this credit mess?
Of course it is not the fault of John McCain and the Republicans, although they did not do much to stop it.
In the 1990’s, Bill Clinton mandated giving bad loans to people with bad credit. For years, many took advantage of this even as Democrats and Republican regally claimed “the highest home ownership in history”.
Everyone for the last 12 years that stuck their hands out for a home loan, pretty much got one.
Who cares- give them the money.
Worse yet- anyone raising alarm bells that this was a problem in the last 12 years was shot down. These people challenging the wisdom of the low income or high-risk loans were immediately labeled as racist or “against poor people”.
How many times did you hear “Those rich Republicans do not care working class people!”?
The politicians can act innocent in all of this, but the real truth is they futzed with the free market and mandated giving out the bad loans.
When it came time to pay the piper, the politicians all claim innocence.
I could go on, but there will be a time for every single politician, like Barney Frank and Barack Obama will have to face the music.
Who knows? Barack Obama may actually be president at the time he forced to explain his involvement with this credit crisis.
Currently, Tony Rezko is cooperating with the government to save his own skin. Should be interesting to find out how and where he got the millions of dollars in tax dollars and millions more in low interest loans. The money and the loans was supposed to go to help those in need. Instead, Rezko lined the pockets of the politicians giving him those millions, like Obama and Blagojevich.
The idea that Obama is not somehow connected to this mess is laughable, even as they accuse Blagojevich being connected.
Does that mean Democrats are solely responsible?
No, of course not.
Somewhere in the midst of all of this- each and every American will have to face a few hard facts.
We, as Americans, have stopped working for what we want out of life. Instead of spending 5 years working and saving for a new car, we borrow the money. Want a boat? Just borrow the money.
There was a time in our history that we were patient and were willing to work hard for what we wanted. Now, we believe that we are owed the extras in life and we will borrow the money to get it.
We are a credit card society and we are shocked that our credit has dried up.
It was bound to happen sooner or later.
We can blame Democrats, we can blame Republicans, we can blame Wall Street, but Main Street has also got to take some blame for this too.