Sunday, October 05, 2008

Everyone agrees its not a good deal, but we had to do something.

Really! Really?
I haven't been political on here for a while but this statement is maddening. It is everything wrong with our country right now. Settling for less than our best, less than even mediocrity. I have to tell you I am for voting all the bums out in Washington. When Hatch ran against Moss, decades ago, he said Moss had been in too long. Well Hatch has been in twice as long as Moss ever was, but he is not stepping down. Bennett was a main proponent of this garbage. Cannon is only in because he is filthy rich and a republican. At least Matheson and Bishop voted nay. The whole thing stinks of back door deals, calling in favors, bribes, and everything we despise about Congress.

We are talking about bailing out everyone who knowingly and greedily was a part of a loan process that should not have been making the loans they were. I agree that everyone is culpable in this, however, it is up to the banks to loan the money. I hold them more responsible.
Here is my example, lets say you are 16 and have a drivers license and your friend is 15 and he doesn't yet, everyone will admit that he shouldn't get to drive until he has a license yet he pesters you to drive so finally you let him. He drives and ends up crashing your dad's car. Now your dad is gonna be mad at your friend, but he will be more at you, because you let him drive,
you didn't have to let him drive, and you knew he shouldn't be driving.
Now I am not letting people who knowingly got more of a payment than they could handle off, I am just saying that the only way they could is if the banks gave them the money. Everyone is dirty in this and it really makes me mad that we are bailing them out.

"Its not a good deal, but we had to do something."
This goes against everything I believe in. Don't do something unless it is worthwhile doing. I am not saying wait until the perfect deal. I am saying there is no reason to rush and put out a crappy bill that may make things worse than studying the problem and figuring out the best solution for all, and one that does not make those that abused the system get away with it. Look at our auto industry. For decades US cars have not been up to par with brands such as Honda and Toyota. We have made it acceptable in this country to do less than our best. The Japanese have very high standards of quality. It is why there autos are better. This notion of doing less than our best has made Ford, Chevy, and Dodge second class citizens in the auto industry. We need to get back to doing our very best and accepting nothing short of it.

I hear a lot of talk about not allowing illegals to have the same benefits as those that came over legally and did it the right way. This deal isn't a whole lot different, it punishes the law abiding tax payers and helps those that knowingly and greedily made money they shouldn't have been making. It flat out stinks.

My dad always opposed term limits saying that it was good to have someone with experience in Washington and that you could always vote out a bad representative. I would argue that the more 'experience' the more out of touch they are. I think term limits would at least be a step in recovering Washington. Of course they would have to vote it in.

Finally a sad but true tale of the bailout. I know of a realtor that had a client that bid on a home. The bank told them no.
Their reasoning was they figured they could get more from the bailout.
Now if that doesn't wreak of absolute crap I don't know what does. So yeah we get to pay for their greed.

1 comment:

Biffy said...

Hear, hear! How could they have passed this when it is obvious the majority of the people feel it is crap? It ticks me off, too.