More on the bailout… (it’s that personal responsibility thing again)

I bought a house a while back.

The only reason I was able to do it was because I had put money away in a 401k. When the house I was renting went up for sale, the owner did their best to assist us in purchasing it.  We almost didn’t get the house.  Why?  Because I lost a lot of money in the last market dump.  A lot of money.  It seemed as if everybody had lost a lot of money.

Surprisingly, there was no one to bitch at.  No one came along with a decent answer and no one offered to bail me out.  It was my job to come up with the money.  If I couldn’t pay the mortgage after the purchase, it would be my problem.  Again, no bailout.

So take a moment and think this over.  Don’t be rushed by the offal in DC. What happened here?

DC de-regulates,

–> causing Industry to have a heyday selling bad loans.

—> people default on bad loans

—-> so many bad loans, so many defaults, that Industry can’t pay its own bills

UH-OH.

So…….

–> People who have paid Big Money to DC demand a handout (bailout)

—>  The current regime tries to ram legislation through to bail out Industry (his contributors) and uses scare tactics on the people to frighten them into accepting it.

—-> since Industry contributes to R’s and D’s, both parties vote to help them out

–> record numbers of constituents call, write, and email to NOT go through with this

—>  R’s and D’s, faithful to their masters, pass the handout anyway, adding tons of pork: three pages balloon to four hundred fifty.

–> We the People have to bail out the rich people, who knew all along that this would fail.

What’s wrong with this picture?

If I got no bailout, if you aren’t getting a bailout, why are we bailing out the people who got themselves into this mess?  Let them bear the consequences of their actions.