The Bailout

Some say it should be called a 'rescue'. I would agree. In that sometimes rescues fail. If a rescue fails, something is lost. And most assuredly something is being lost in this $700 billion, Save the World from Collapse bill.

I believe that it is socialism. Government getting involved in the markets. It is Marxism. Read it. Learn it. But don't live it. The market may take a hit for the next couple of days, weeks, or even months, it may be rough, but we have to look long term.

I also believe that w/theh bailout it will be longer due to government intervention versus letting the market correct itself.

You cannot let the 'what have you done for me lately' thinking intrude into long term thinking/planning for our financial planning and families.

It will not stop. Hasn't since Bear Stearns in March. Has it ?

We in this day and age are likely living in the lowest age of taxes that we'll ever see.

Why? Not including all these bailout's, real and proposed, we as a Generation are facing an explosion on the Medicare/Medicaid/S.S. entitlement front that will be devastating.

The markets need to correct themselves. The bottomline of this is people in homes that they could not afford. They are not to blame. It was their politicians who were buying their votes, via Fannie/Freddie, policies that gave them the opportunities. Who represented these folks, in mass? Democrats. I got plenty of documentation to back this up.

Seriously, how many can recall hearing about 100 % loans, no money down, interest only loans? Bad credit? No credit? Call now....

No shit there's issues.

Also, speculators that were buying and flipping and never having an intention of living there are in the mix and they should not be considered as 'harmed".

Finally, the quote that I want to leave you with and spurred my diatribe, from the Investors Business Daily, Sept. 26t, TX Rep, Jeb Hensarling:

"Once you lose your freedom to fail, you also lose your freedom to succeed, and you cease to be a free society."

And another thing. These politicians that got us in the mess want to run your health care. And then the phrase bend over will not apply to your annual physical.