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I’m confused…

If I have a personal financial emergency, whether I created it or not and I go to a financial lender, they don’t just give me the money that I need to get out of my emergency. If my credit is good enough and if I have the means to make payments, the financial lender will consider loaning me the necessary money that I need to get out of my emergency situation.

So why is it, now that when the banking industry, the mortgage industry, and much of Wall Street are having their financial emergency, they expect me, the new financial lender, to just give them the money? Oh, sure the Government says that we will get the money back and the profits will go to the tax payers who are giving the money  to these institutions, but in checking the Government’s credit, I as a lender would have to disapprove, unless the deal comes out as a typical loan, with interest. After all, since when did you get a mortgage loan where you did not have to pay interest back to the financial lender? That’s what I thought! And, upon researching the Government’s credit history, I don’t think their interest rate should be that of someone with a high beacon score.

Personally, I am against Government bailouts. That is socialism. Our Country is founded upon a free market, capitalist principles. With risk comes penalty and reward, so when Government comes in and does away with penalty it produces an environment that creates problems like we are facing now. Most of these problems started with Fanny Mae and Freddie Mac and they were a Government run entity, that failed miserably and now on the heals of that bailout, the Government is asking for more money from you and me, the tax payers…the financial lender.

Trust me, I understand that we have to do something, but here are the facts: 1. We do not have to bailout everyone 2. The democrats are adding BILLIONS of more spending on top of the already $700 Billion dollar spending bill - on top of the additional spending they had in the bill for 20% of our profits, the tax payers, the financial lenders’ profits to go to a corrupt organization called ACORN (who Obama worked as a leadership trainer for and who has been at the center of voter fraud) 3. Government fails when it overtakes and runs anything, that is why the free market system works and why private business does better and getting things done, yet people want the Government to oversee our health care, our retirement, and our other resource companies like oil. That is a scary thought, especially with this financial issue looming over our heads.

Here are a few things that I think should be in the bill:

The “bailout” needs to be a loan with a tough interest rate.

There needs to be accountability and an investigation into organizations such as Fannie Mae and Freddie Mac. It is well known Franklin Raines, the former CEO of Fannie Mae was fired for serious accounting errors, yet he walked away with MILLIONS of our (tax payers’) money. Now, we are having to pay almost a TRILLION dollars to bail them out.

The Capital Gains tax needs to be cut, and other walls that our government has placed in the way of businesses need to be removed, so businesses can jump start our economy again. A country who is founded upon free market and capitalist principles must allow the free market to work through the very organizations that create jobs, provide income, and invest in this economy. If this is a financial emergency, then the government needs to get out of the way.

The government does not need to purchase anything. They have been discussing purchasing the bad loans as an investment. This is stupid and socialism, which does not work. What happens if their purchases do not go back in the positive direction? Not only is there no money to pay back what was spent, but we have added another 700 BILLION dollars in debt for our children to pay off.

The government needs to Bail…out of our lives! Our government has gotten way too big and look where it has gotten us. These issues are not problems in the free market system, much of this was caused by the government pressuring banks and financial institutions to make it easier for people to get loans, regardless of their means to pay it back, and now, we all suffer. Why don’t we learn our lessons?

Join the Conversation: What’s your thoughts on the government bailout?

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