Bailout-Schmailout

For the last several days my ears have been ringing and my head swimming with all the talk of financial crisis. I don't mean to minimize, because I certainly see the magnitude of the problem, however, I am what you would call a nay-sayer. Someone has seriously been asleep at the wheel. While there is more than enough blame to go around, I am willing to accept my part. I leave it to K, all the financial "stuff", and take very little action unless requested of me. While I don't think we live outside our means, I could definitely be a little less impulsive in the shopping arena, I could also do a better job of budgeting and getting educated about our investments. For that I am heartily sorry and determined to change.

My mea culpa having been fulfilled, I am ready tear my hair out over the cluster-fuck that is Washington. As a collective group, those folks have the vision of a tick. A big FAT tick sucking the life out of the general public. Why, oh why, do we never seem to be ahead of the crisis? Why, oh why, does no one see the Reapper around the bend? Isn't that their effing job? I mean they spent weeks debating the value of changing the name of "french fries" to "freedon fries", yet they couldn't see that $$ was being too easily given. Even I, and I am NO financial genius, have been saying for years, that anyone with a pulse, not necessarily brain activity, but a pulse, could get a home loan. I also know that if the amounts in column A "incoming cash" and column B "outgoing cash to debt" don't match up you can't afford it. DUH!!!! Pretty simple math, not FUZZY at all. But alas, we have been focused on a war we should have never started, fighting over destroying more of our pristine environment rather than funding visionaries and trying to get records out of an Administration that has been more secretive than any in recent history. Good stuff! Meanwhile, the greed mongers were taking HUGE risks and bailing out of the plane before it crashed in their golden parachutes. The deregulation so beloved by the Republicans (and some Dems, to be fair) has come back to bite us in the ass. And what is their response, those deregulationists? We need more regulation. We need a bailout plan and it needs to happen yesterday. You guys, the taxpayers, get to foot the bill. My ass! In the real world if you fuck up on the job, there are repercussions. If I don't pay my mortgage, the bank takes my house. I say, take their penthouses, take their Mercedes, take their summer house in the Hamptons, take their job. Let the free market, which they so love, play out as it will. I know this also means that there will be really tough times ahead for all of us. There will be fall out. But damnit we are all culpable for living in the fantasy. The fantasy that "greed is good". Well Mr. Gecko, how ya feeling now, DICKHEAD!

What I refuse to do is give them anymore of my power. I refuse to let them scare me so much that I totally hand over the reigns. If there is going to be some government intervention it should be well thought out and detailed. NOT the three page vagueness that Paulson is peddling. I find it interesting that the guy who wants to get all the power was just 6 years ago a power broker at Goldman Sachs, if he couldn't see this coming he is either blind, stupid, or was too busy getting rich. Nevertheless, why should I believe him now? You know who I trust? I trust my very wise, highly educated, extremely fair husband. He is against this bailout too. So for those of you who know us, K the Pragmatic, is NOT in favor of a bailout. So, it isn't just me being full of piss and vinegar. I just happen to have a big mouth.

BTW, here is a link to an article I really like @ the bailout plan:

Why Paulson is Wrong.


HAPPY READING!!!