Another Bailout

I should be preparing for two birthday parties, but instead I sat down to read the headlines and feed Sophia. For weeks, I have been in shock as Americans continue to support actions that pull us away from a Free-Market Economy. America is about capitalism and that is one of the things that makes America great. The American Dream really is alive. I have numerous examples to site, but I digress.

Why are we continually bailing out people and corporations that have made poor financial decisions? Why should we bailout people who have defaulted on their mortgages? Aren't they the ones who purchased more than they could afford while we spent our money responsibly? The market prices of homes went through the roof because of the thousands of people who were approved for mortgages they could never afford and those same people were the ones who bid thousands of dollars over normal market value because they felt like they could. I agree that banks tried to exploit these people, but they allowed themselves to be exploited. I read the fine print and questioned lenders about fees and interest rates when we closed on our condo. We paid upfront for others stupidity and now we must pay to fix their problems. Are we doing this so politicians can make promises to their constituencies?

Home ownership is not a right, is it a privilege. I was sickened when I watched congress bailout greedy financial institutions. I am even more distraught by politicians who do not want to tell the American public that their foreclosures are the consequence of their poor decision making. There is more money for the bailout of Wall Street than we have spent on the "War on Terror" over the last 7 years, which we might all agree has been too much. For the love...

Now, I am alarmed that we are discussing bailing out the auto industry. Are we moving to socialism altogether? Jobs will be lost and that is devastating, but those corporations made bad decisions. Maybe if we cut the fat from the auto industry (just as we should in the banking sector), it will leave us with a few corporations that really can compete on a global scale and will be all the better for having to adjust to changing times.

Please, I beg Congress, do not give the hard-earned dollars of financially savvy individuals to bail anyone else out. You made a mistake the first time that you did. So far 300 billion has been pumped into banks and what do we have to show for it? The economy is not strengthening and it hasn't created more consumer confidence. Please allow the free market to take its course. America will prosper and flourish again in time.