Bailout - WHAT THE??

· by Mr. Me · General

What got us into this stupid credit crisis in the first place?  In my opinion, it was a combination of stupidity by lenders in lending money to people that couldn't afford what they were borrowing and stupidity by borrowers in borrowing money that they couldn't afford to pay back.

What is the government's answer to this credit crisis?  Throw seven hundred billion doaars of MY money at it.  Well... taxpayer money, anyway.

And what did I just see on television?  A commercial from a lender talking about this new wonderful government-guaranteed loan program where you don't have to have a minimum credit score to qualify for a loan for 97.5% of a home's value.

What the??

So the result of the government bailout is more behavior that will cause a need for yet another bailout?  I SO wish I were making this up.

Don't forget to vote tomorrow.  Before you vote, find out how the candidates on your ballot voted on the bailout issue.  My recommendation, let's get rid of the idiots who are spending seven hundred million dollars of OUR money so that people can spend it on television ads that will cause a need for another bailout.