Okay what do you really think,
- government bail outs
Are they good? Bad?
Wednesday, September 17, 2008
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About Me
- Ed
- Sharpsburg, GA, United States
- Blessed to have three great sons and a beautiful wife, to be pastor of a great church and to get to work with some of my best friends.
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5 comments:
I think it would have been real bad if we had privatized Social Security! Last year lehman brothers stock would have been a safe bet.
We don't have enough money to fix Social Security, Medicare, provide the same health care that our Congressmen receive, give our Veterans proper care, but we do have enough to bail out Fannie Mae, Freddie Mac, Bear Sterns, AIG, and who knows who else it will be tomorrow. Hmmmm, sounds a little like socialism, not that I mind, just wish it was for everyone and not just the capitalists.
Seems like we should all be asking where the controls were that would have prevented this "greedy capitalism-run-amock" thing from happening in the first place. Meanwhile, I've paid my bills and lived debt free only to now have to indirectly pick up someone's tab. Maybe a bit over simplistic view, but I knew joe-schmo's equity line of credit escalade bling bling put a pool in the backyard lifestyle would have to end, I just didn't know I would pick up the tab. And I don't even get to swim!
Seems like we should all be asking where the controls were that would have prevented this "greedy capitalism-run-amock" thing from happening in the first place. Meanwhile, I've paid my bills and lived debt free only to now have to indirectly pick up someone's tab. Maybe a bit over simplistic view, but I knew joe-schmo's equity line of credit escalade bling bling put a pool in the backyard lifestyle would have to end, I just didn't know I would pick up the tab. And I don't even get to swim!
Does this mean i can now show up to an AIG share holders meeting?
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