Monday, September 29, 2008

Perhaps it's time to think Third Party.

Again, our tax dollars are paying for corporate bailouts of huge corporations due to financial mismanagement.
Living high on the financial hog through the good times, the same people profited in the billions over the past decade: Bear Stearns, Freddie Mac, Fannie Mae and AIG.
They were willing to take on risk that have prudent bankers have proven to be too much risk, and now the American people are left paying the bill for their failures. Is this the American dream?
My home has lost at least 10 percent of its value in the last two years. Many people have lost much more.
We all take a risk when buying a house, but I took the "responsible" path and put 20 percent down with a fixed-rate mortgage.
My home equity, my "nest egg," is now worth less, and I accept that fact. But, I am angry that the government is spending my hard-earned tax dollars to reward those who made risky decisions with subprime mortgages.
The government's job is not to reward those who take risks and lose. And it's not my job to reward them either. The free-market economy works best with limited government involvement.
Companies that made bad bets should fail. Smarter, better firms will replace them and grow.
People losing their homes because of adjustable-rate mortgages will get fixed-rate loans the next time and buy homes that they can afford.
The economy will go on and survive, and we can all learn a lesson. I do feel bad that this is happening, but it is a necessary adjustment.
And, I don't feel obligated to pay a penny more for the financial mistakes of others.
Republican and Democratic leaders alike take too much corporate money.
They represent the corporation, not the people. Both political parties are equally guilty of failing the American economy and the American people.

The two political parties have let us down time and time again and championed the special interest, this time the banks that have sent them untold millions of dollars to help attain their office. I don't know what the solution is, but I do know sending the same crowd back to washington time and time again hasn't produced results. It's time to seriously think about a third party. Enough is enough.

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