Bravo… Clap Clap Clap!

Trillions (yes you read that right, the bailout didnt stop at 8 billion, that was just the begining) of dollars WASTED to save jobs has done nothing. Some may argue, it helped save a few hundred thousand jobs. I argue it caused more problems than it helped.

When the market started to crash and panic ensued, there were a few banks, car makers and large corporations that were going to fail. WE SHOULD HAVE LET THEM. However, to help stabalize the economy we let the government put an idea into our head that they can fix the problems by spending BILLIONS of dollars (your tax dollars which WILL go up from all the spending). Well my personal feelings on the matter? When the person in charge starts to panic at any business, the employees start looking for new jobs and stop spending money. The same goes for when the government PUBLICLY freaks out, the citizens do too. I contend that all the panic, hoopla, pomp and heroic legislation that created our bailout actually made things worse. Personally I would rather have seen a few big companies go belly up, people would have to suck up and hurt for a bit, but the rest of the world could continue on and work through the pain.

Yes it would have still hurt and shockwaves would have been felt in every other industry. But, did the bailout really slow that down? I think it sped up the panic, made EVERY industry cinch up the belt, made consumers freak out, stop spending and it has caused a chain reaction of frugalness slowing down every market and every industry.

The great plan of giving away my future and that of my children has failed. Any business who acts the way our government does would have a number of executives going to prison for fraud. Will we prosecute our leaders? I wish we could. We should. They should at a minimum be fired for their incompetence. But nothing will happen. Its all just the same old thing. Have the buddies at the Federal Reserve print more money, spend spend spend…

Could we please have someone who is NOT in debt voted into office so they can show some fiscal responsibility? Is anyone left out there that has rational thought? Please… Someone hear our cry for help. Someone figure out that we are on an unsustainable path of borrowing money that DOES NOT EXIST. I dont want your dollars… I want hard goods, something tangible that will still be there when dollar bills are worth less than the paper they are printed on. Anyone selling any silver/gold or other hard assets out there? I have a bunch of monopoly money I would gladly trade you for it.

The big idea was to help jumpstart car sales in America. The dems had a great proposal. Lets go ahead and do Cash for Clunkers, get a ton of gas hogs off the road and sell a bunch of new cars.

Great program, we the citizens just gave the car companies a few billion dollars (yes, you and I get to pay for that out of our tax dollars) they make a ton of money, the people who ALREADY CAN AFFORD A CAR i.e. they just bought a BRAND NEW CAR get a great deal on cars – well what about the little guy? You, me and all the others out there who dont purchase NEW cars, but may like a nice used vehical = screwed.

What do I mean by that? Well, take a look at used car prices. All those cash for clunker vehicals worked and were drivable (it was required for the trade in). The law requires them to be junked so nobody continues to use those horrible pollution mobiles (how much pollution does it cost to scrap them, and how many resources/pollutants were used to create the new cars). Now what we have is a very low inventory of drivable used cars that MOST people can actually afford to purchase. That has caused a 16% increase in used car prices. What does this mean to you and me? Well, not only are we going to pay for the auto industry bailout and the cash for clunkers program, but we are also going to pay an additional 16% for any used cars we purchase this year.

Great job Congressmen, Senators and President Obama. Give a great deal to those with enough money/credit to buy a new car and stick it to those of us who buy within our means.