My religion is very simple. My religion is kindness.

Dalai Lama

Tuesday, September 30, 2008

Bail Out America Not Big Business

The bail out failed to pass. I am actually happy about it. 700 billion to help out businesses that ran their business into the ground. That makes perfect sense. They will only do it again. Or do so under another business' name. Come on already, if we have that kind of money available to us, spread the wealth around Washington, we have people out here struggling to make ends meet just to buy gas to go to work.

This is what bothers me the most. Washington, DC, is out of touch with the REAL world. They have no concept of what middle class and lower, America is doing or how we are getting by. Why do they think homes are being foreclosed on right and left, because the companies were poorly run??? HELLO, MC FLY......people are not and cannot pay their bills. In part because the stupid mortgage companies let them have loans in excess of their income ratio but also because the home owner probably started living large when they got the larger home.

So instead of fretting over the people who have lost their homes, we have decided to bail out the companies that screwed these people. The companies that probably knew at the onset that they were playing with fire but figured they could turn the foreclosed house around and around and make lots of money off one house. Similiar to the Buy Here, Pay Here, Auto Lots. They sell the same auto to different people a number of times. Repossessing it when the loan goes into default. But I think with the car business there are more avenues to get rid of a car, like auctions and the junk yard. There is only one way to make money on a house, sell the house or it sits empty.

So I will say it again, pass all those billions out to those of us that NEED the money. Those of us that could use a home, a car, a retirement fund, a college fund. groceries in the pantry or a bed to sleep on. I am sorry their business failed. A lot of us have had to start over, now it's their turn.

It's just my idea with what to do with the money, coming from the Ground Floor, it's Vega, hoping someone will save me if it starts to flood in here.