Waking up this morning and listening to these democrats on the television talk about how it is all John McCain's fault that the bailout did not go through last night, is making me so very angry. The only republican that was really on board 100% with this idea was President Bush and his advisers. The house republicans were never on board with this plan and John McCain knew it, which is why he went out there in the first place. Now, Sen. Dodd and Sen. Reid are on the television lieing to the American public, by saying that everyone was on board before John McCain arrived. Which all the republicans are saying no way. They are just trying to play the blame game so that they can help Obama's campaign.
I for one am very glad that they did not approve the bailout last night and hope that some of details do not get approved. This plan is going to make our country one more step closer to becoming socialistic country. It's disgusting. We don't hold anyone accountable anymore for themselves.
It should not be a bailout. We the taxpayers should not buy the bad loans. We should hold the companies accountable. The companies should get a loan from the government perhaps but they should still own the bad loans in my opinion.
Also the democrats are proposing that in this deal something should be done to help people in foreclosure. They want to maybe restructure their loans or even revalue the loans. Can you believe this nonsense? I can't! What about the 95% of homeowners who are not in foreclosure, who pay their bills on time, have lost tons of value in their homes and are having hard economic times? What about them? Is the government going to help them? Are they going to get a check from the government for the loss of value in their home's? The answer is NO!! Why? Because they are responsible and are not is foreclosure, so would not be helped in this plan. Their are so many Americans who have lost lots of value in their homes in the last two years. Actually, I know several people who are in that situation right now as I'm sure you do too.
I'm not suggesting we don't help fellow Americans when times are tough. But the question is how do we help and what do we them with? We help people with food, clothes, jobs, and rent control, but we do not help people with their mortgages. We should help people with the necessities and home ownership is not a necessity. Come on, next thing you know we are going to help them with their credit card bills because they bought too many Xboxes! These people got in over their heads and bought houses they could not afford and now we are being asked to help them pay their mortgages. I don't even have a mortgage. I pay rent. Should the government help me with my rent?
All I am saying is home ownership is not a right, it's a privilege. It is something that someone earns with hard work. If you can't own then you can rent an apartment just like millions of other Americans.
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