Friday, February 20, 2009

Housing Bailout


President Obama wants to save the housing market by providing $75 Billion to people who can't afford their homes and are unable to make their mortgage payments. He has decided that those of us who do make our payments are in much better shape and therefore the government will take our money and give it to those who are either incapable of making sound financial decisions or had a lust for toys they now can't afford. Has the President asked the question that after the impoverished family living in their 4,000 square foot shack receive their relief what they will do afterwards? OK, I understand that not everybody in a foreclosure situation bought a large home (keep in mind the average square foot home in the 1950's was 983 square feet, typically 1 full bath and children shared bedrooms).
Many consider themselves middle class, perhaps business owners who just got caught up in a housing market that is tumbling. Well let's peel back the onion and ask some fundamental questions? How much credit card debt do you have? How much do you owe on your cars? How much savings do you have? Could your family have been able to live in a smaller house? Then the biggest questions one should be asked is, where did you get the idea you should never suffer? No where did our founding fathers say you have a right to a house, a car, or a spa membership. They did say you have a right to pursue happiness not that your guaranteed it.

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