Economic Bailout

It makes me a little nervous. We are handing over a lot of money to save companies who have had bad business practices. I know we need solid financial institutions, but whatever happened to accountability?

I fear we could be throwing good money after bad.

These financial institutions made bad loans to get people into homes they really couldn’t afford. Now we want to bail out those banks for doing that and at the same time keep people in those homes. I would think it was bad business to begin with.

It somehow seems wrong for this bailout to happen. It has probably boiled down to a point of no return now. If we are not careful, we are heading to a socialist government where it controls all of our money.

I wonder if that is a good thing.

I’m not an economist. I don’t have all the answers. Common sense might suggest that we learn to live within our means though.

The prices of new homes are outrageous. I would like something nicer than what I have, but I can’t swing it. I know that. No mortgage analyst will convince me otherwise.

I stay within my budget.

Same thing goes with vehicles. I might be able to afford the payment of a nice SUV, but I know that keeping it filled with gas would sink me. So, I drive something economical and the price at the pump still stings.

I stay within my budget.

How can people afford both? Even one?

Is an economic bailout really the answer? Shouldn’t we be making these financial institutions accountable? Maybe the CEO’s should take pay cuts like the Regular Joe’s do when they do their part to keep a business afloat.

The bailout plan doesn’t seem to be revealing that to you and me. Is it?

And the bottom line is this…

Can America afford this bailout?

I have more questions than answers and I would love to hear what you think.