Government Bailout Mania and FHA/HUD

Yes there is a bailout coming for almost everyone. At least that what the politicians say before the November elections. While we agree that many people have been hurt in the current recession and more will be, what we don't agree on is what limits there should be on bailouts. 

It always scares me when someone says, "We are the government and we are here to help!"

The government was always the American people and the ones who ran things were the ones we hired by electing them. (Remember - Government of the people, by the people and for the people) It used to be that our elected representatives worked hard to represent us and not to provide handouts. They worked hard for the future of our nation and not to ensure their re-election.

In our nations history we had representatives who would make the hard, tough decisions which would benefit our nation. They would do the right things.

My question for you is - Are all of these bailouts better for our nation long term or do they simply postpone and draw out the pain?

I am in a rather interesting position. You see, as a mortgage professional I have a duty to my clients to find the best program for them at the best price. This I do with pleasure and passion. I also have a duty to the bank which employs me. This I do enthusiastically and with care. You see the bank I work for cares about it's clients and employees. When we make responsible loans we better the financial situation of both our client's and our bank.

This can not be said for our government. They are making rules which result in things being more difficult for people and then coming in like a white knight and saving us with their largess (our money) to fix the problem. Which of course is the fault of some evil company or group.

By the way they do this with borrowed money our chiildren will have to pay back.

Sorry about my soap box but I believe we Americans could get out of these trying times by helping eachother, doing the right things and yes some financial pain. However, we can do this and we don't need someone else to spend our money and put us into debt to keep their jobs.

To lighten things up please enjoy this short video from Think Big Work Small - Video link.