Why a Bail Out
by: Steve
Total views: 110
Word Count: 431
Why are we bailing out a bunch of fat cats who exploited our government and those who were to uphold laws and regulations designed to stop this very thing from happening?
This is not a strike against capitalism but a strike against those in power who worked to circumvent laws and regulations.
Why should the taxpayer dip into their pockets to bail these Fat Cats out for their over speculation and risk taking in the quest for profits?
We don't need to bail them out, we don't need more Government and regulations, what we need is to be talking about "Special Prosecutors" Investigations and holding those responsible in the corporate world and in Government accountable to the laws and regulations of the land.
These Fat Cats started this fire along with the Politicians who helped and also profited from it. Now that the fire is out of control and they are about to get their ASSES BURNED, they now look for ways to fan the flames onto innocent taxpayers. And that is exactly what they are trying to do with this Bail Out. Every one of them got RICH off this scheme... It's not like they were not warned, John McCain and others tried to warn the Senate in 2005 of this very thing happening if the reins were not tightened on Fannie Mae and others, but they were purposely ignored...
What kind of message does "Bail Out" send? What kind of message does "Prosecution" send?
Which one works best for the Tax Payer?
I know that to Not bail them out will violently effect our economy, but who is responsible for this, Fat Cats at Fanny Mae and others or the Tax Payer?
Who pays the price in a Bail Out, not the Fat Cats....
If they want to play with 1 Trillion Dollars, then let us invest it in our infrastructure and Alternative Energy support. This will create jobs which will help pay mortgages which will help Banks which will allow more sound loans which will create more jobs and overall improve and stabilize our economy.
Trickle down economics is a gamble, it does not always flow down nor improve our economy, sometimes greed at the top wipes it out before it can trickle anywhere.
However, Trickle UP economics works every time. Give the common Citizen a few extra bucks from having a job and it will get spent giving others jobs and adding stability to our economy.
The bonus is our infrastructure will receive a much needed overhaul and we will be a little closer to having viable alternative energy sources.....
About the Author
And Liberals better check the records. It started during Pres. Clinton's terms in office, check history before blaming Bush or the Republicans. Liberals lead this charge wanting to give loans to people who normally would not qualify for loans out of their income range. It was not a failure of Bush, it WAS a failure of Capital Hill to rein in Fannie Mae and others. Check out what two Senators profited MOST from letting this go on. I Dare ya... Check it out for yourself...
Rating: 3.00
Comments
I guess we can argue about trickle up or trickle down but in order to have that debate we have to overlook a much more important question and that is, is income rightfully entitled to the person who earns it? If it is then trickling doesn't happen because government should not have taken your income in the first place. If it isn't then some uninterested third party is entitled to distribute the money earned by someone else.
But dealing with the Fat Cat Bailout, this never would have happened if government were not primarily responsible for the conditions allowing people to get loans that otherwise would not have qualified for them. This isn't as much of a bial out as it is a CYA for the Federal Government. Fat Cats didn't participate in this kind of lending until they were accused of "Redlining" by Jessie Jackson and threatened by Janet Reno.
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To the comment above from JT you are absolutely right. That's why we saw such a rush to pass this Bail Out. Dodd, Reno, Frank, Obama and a whole lot more from both sides of the isle are hip deep in this mess. And it is why we are not seeing any good response to the bail out on Wall Street. Throwing money at this problem is not the answer, never was, it is just a diversion to keep citizens attention on Wall Street and not on Congress. The real problem is TRUST. The market has no trust in the system do to the manipulations that has been allowed to go on. Just my view..