Tuesday, February 3, 2009

Bailout #2 is coming.......

Bailout II will be bigger. It will:

  • Create a "bad bank" to own the worst of the so-called toxic assets now burning through bank balance sheets.
  • Guarantee hundreds of billions more in shaky assets that banks decide to keep in their vaults.
  • Help to prevent foreclosures and to reduce unsustainable large mortgage payments.
  • Require more limits on CEO pay and bonuses, more visibility into how banks use taxpayer money and more disclosure of who lobbied whom to get billions for specific banks.
(courtesy of Jim Jubak)

So, yet again, those of us that pay our bills on time, that try to live responsibly and within our means, are going to get the short end of the stick.

Personal Responsibility has lost ALL value in this country. Today, we have become a nation of people who strive for mediocrity. We have become a nation of people without the backbone to stand up against what is wrong and for what is right. Instead, we coddle those that are irresponsible and choose to make bad decisions. We take care of able bodied who don't work because they don't want to, or because they feel they are owed something.

Many years ago, I was 5 months behind on my mortgage, receiving letters every other day from the mortgage company threatening foreclosure. Did I ask for or receive a bailout? NO. You see, there are still some (I hope MILLIONS) of us that were brought up to take responsibility for our actions. To do whatever it takes to make it....for me that meant 3 jobs, cashing in the change bucket, foregoing any and all extras, to help get my family back on the right track. Sure my credit score got trashed. And yes, it took years and years to rebuild it. People make mistakes, it is only human. And while people should not be unduly ridiculed for their mistakes, we should all have to pay the price and do what it takes to right those errors.

We really are at a turning point in the history of our country. Down the road we are following is bigger and bigger government with a larger and larger percentage of the population in servitude to the government in one form or another. Be it through this next bailout which promises to have the government take all of the "bad" assets from the banks or forgiving people of their mortgage payments, or expanding government provided health care coverage. We MUST understand that ALL of these are things which allow government to get larger and take away more and more of the freedoms earned for us by our ancestors.

Thankfully, there is an alternative. The alternative is for me, and you, and everyone you know, to join the next American revolution. It starts with me and my team that are working hard to launch "Take Back the Republican Party". It continues as you and everyone you know and everyone they know join the revolution to restore our country to one comprised of the following:

1) Personal Responsibility - No more bailouts. It is time we take our medicine and fix the problems we have been using band-aids on....
2) Small, Limited Government - As the founders intended, we must dramatically, and quickly reduce the size of government at every level, returning most governing decisions to the state and local level.....
3) Immediate Reduction in Taxes - The ONLY - ONLY - ONLY way to truly stimulate the economy is by putting more money in the hands of the people that grow the economy. Businesses should be allowed to keep more of the money they earn to invest in new technologies and jobs. Individuals should be allowed to keep more of the money they earn as that money also gets pumped immediately and directly into the economy.
4) Ending and reversing the economic devastation happening to our cities and towns as the result of illegal immigration. America was built on the backs of immigrants. Immigrants who came to America LEGALLY and worked hard to make America and their lives better....not to send the money they earn back to their country of origin. THAT is the greatest redistribution of wealth happening in America today and it must stop now.

I know we have a long, difficult road ahead of us. I also know, as the result of the people I speak with each day, we are fed up with the way things are, and the direction towards which things are headed. NOW is the time to act. But, in America, anything IS possible.

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