Nice Bailout. Now Pay For It!

I am a single parent, barely making a living. Although I was prequalified for a mortgage when the money was flowing freely, I did not take advantage of it because I knew that at some point in time I might not be able to make the payments. I don't own a home, but rather pay rent every month to fatten someone elses pockets. I have heard that the proposed bailout could potentially cost everyone approximately $3,600 per year more in taxes and lost govenment services. My question is why am I paying for someone elses mistakes?. Why am I helping the fiscally irresponsible people who over extended themselves to keep their homes that they couldn't afford in the first place. If I have to pay for someone elses mistakes, then give me a house too and maybe the additional $3600 per year won't hurt as much!

All of the CEO's and directors of these companies that caused these problems should be held accountable for their mistakes. Instead they have been rewarded with hugh payouts for a job done poorly. Make them pay back their ill gotten gains. Let them bail out the homeowners and businesses that they put in this position. The average tax payer is tired of footing the bill.

I think it is absolutely ridiculous that the middle class, lower class and poverty stricken people of America who already struggle to make it financially in life have to pay to bail out a bunch of rich business men. Please explain to me how that is fair? Don't middle class, lower class, and poverty stricken people who can barely make their monthly payments and are hoping to just keep a roof over their heads and food on the table deserve a break??? Instead of charging us more tax to help out the already extremely wealthy, the wealthy should just accept their loss and maybe use their money to help out those of us who are really struggling. With the way the economy is right now, the average to low income people definitly cannot afford to pay out anymore. The government, although they are thinking the bailout by the tax payers will help save the economy, is out to lunch on this one. It's only going to make things worse, and any realistic, smart person can see that. The government needs to come up with a new plan to fix the economy that doesn't involve taxing those who are already taxed enough! Additionally, what does that to the all of the money people received as part of the economic stimulus package? It's taking the money out of the hands of those who sincerely need the extra money and putting back into the hands of those who don't need it.

So it looks like we all pretty much agree that this bailout doesn't really help the situation that has been created. Could congress not take that money and pay off all missed payments on our credit and mortage accounts. I would think if you started with all accounts 90 days past due and worked your way up (60 days... 30days..) not oly would it help the financial institutions by funnelling in the money but it would help all of us who have worked very hard to earn a living but are still just that much short each month. I am not saying that this is not a little unfair to those of us that aren't behind at all but honestly who doesn't have a friend or loved one that is struggling. We as Americans get the perk of our own money directly helping us while fixing the banking situation at the same time. Yeeees I agree all these CEO's that are walking away with millions need to be held accountable for their crimes and the money returned but if the government really wants to bail someone out ...bail out the people.. Maybe it's my own weird logic but I think it would work. Now here is my real question. How do we get anyone to listen? How as joe public who means less than a grain of sand to the big boys and girls in Washington get heard. Yeah I can forward this post to my councilman, congressman, senator..but do they ever really see this or is some intern filing my concern in a file (13)?

Bailing out the little people sounds like a worderful way to redistrubute wealth. No matter how you look at it we are heading toward socialism. If the plan is to bail out the people who purchased more house than they could afford then the governement can bail me out of my credit card debt while their at it. Even though I have a 780 credit score and have never missed a payment. I don't want my tax dollars paying for someone who was dumb enough to go off and buy a 600,000 home when all they could afford was a $200,000 home.

We can see here the real and systemic evils of fascism. I don't mean just the perverse Hitlerism variety, with its insane racial-supremacy agenda...I mean the basic form of economic organization that sanctions the incestuous marriage of private industry and government, which pretends to preserve private ownership "under public control". Either private ownership is an illusion, or public control is: they cannot co-exist. Usually the big money interests in the industry to be regulated gain control of the government boards and committees that do the regulating, and exploit the powers of those boards for their own profit. When the wheels come off, the big money interests scuttle away with their profits, and leave the taxpayer to try to salvage something from the ruins...as is happening with the financial industry here. The solution, such as it is, is NOT to bail them out when this happens. If the government just HAS to bail someone out in this mess, why not start with the little people who are losing their homes, instead of the big banks and bankers? If the failure of the system is threatened by so many foreclosures that the government MUST help, why not prevent foreclosures by offering assistance to those about to lose their homes, rather than Wall Street's Greedy Gusses?

Woodrow Wilson on signing the Federal Reserve Act , "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

Abolish the Federal Reserve!

Woodrow Wilson on signing the Federal Reserve Act , "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

Abolish the Federal Reserve!

Good question, who is going to pay for it since it amounts to $10,000 for every household in America 0r $2300 on every man woman and child in the country.
The distressing part is it is a continuation of the trickle down economic policy of this administration, the $700 billion will go to the few and the many will pay it back for a long time to come and will sacrifice health care, education and infrastructure while doing so.

Paulson has been described as the man in the right place at the right time to handle the crisis, but is "give me tons of money" all that creative?

It may relieve Bush of the embarrassment of beating Reagan's 9.4 unemployment rate when he leaves office since 12% is predicted if the bailout doesn???t move forward.

But for most American it has no effect, aside from more debt and may exacerbate their problems.

Why is it that, with a credit score of almost 800, I have to fill out stacks of forms to buy furniture; while a bunch of people with clearly demonstrated incompetence in managing money are being given $700 Billion with a 2.5 page "outline"?

Actually, this is almost sounding like turning Americans in slaves, to pay for the rich! We won't go into a depression, there is no way that 100 billion in debt can cost 1 trillion dollars. America should be ashamed for putting up with this kind of BS. There is nothing complicated about it...simple accounting.

We should not have to pay for the problem of the wealthy. Let them become poor and see what it is like. I don't think Paulson knows what the hell he is talking about and if it wasn't for this idiotic president that we have we would not have to be in this finacial mess. I say no bail out!

Every wonder what George Washington, Thomas Jefferson, Ben Franklin, and Thomas Paine would have done had England taxed the colonies $7 trillion dollars. Oh, I remember now.

Who's going to pay for the bailout? "The children of America," says the Children's Defense Fund.

CLICK>http://www.huffingtonpost.com/diane-tucker/childrens-defense-fund-fo_b_128878.html

How about a fair alternative to bailing out the WS gamblers: http://stevefalcon.com/thoughts.htm#9_24_08

Rather than bailing out the gamblers how about this alternative: http://stevefalcon.com/thoughts.htm#9_24_08