It might help if I described my friends and family; they are hard working - no excuse types of people. They pay their taxes, they manage their money, they don't whine (much), they are democrats and republicans, all sexes and orientations, and of many races... in other words I mingle with a healthy cross section of the U.S. population. I believe the people I associate with are a good representation of the hard working core of middle class America.
In our conversations we talk about the rich fat cats that are getting bailed out, we talk about the misinformed consumer (very gentle moniker) who overestimated their ability to pay for homes that were much too expensive, and we talk about the greedy middle men who set these deals up. But we have also talked about people who were relocated to an expensive area to keep a job, or entrepreneurs who took a risk in this greed fueled feeding frenzy to make a business work, and how their loss is our loss.
There is never a consensus about what steps Governments (lets bring our global partners into this, they are equally responsible) or individuals should take in the coming years, the economic crisis has put the personal interests of the very people who make the Government work at odds with the Government itself.
At the end of the conversation, one thing is always clear... we hate the idea that this crisis is going to be resolved at the expense of the people who were careful to make good choices and manage their lives according to their means. We don't like the idea that many greedy, irresponsible people are going to wind up with our tax dollars in their pockets. I just pray that we all have temperance to guide us in the coming years, because what ever happens we are not going to like the end result.
There is no "fair solution"; this crisis was brought about by greedy people taking advantage of ill informed people and the Government not enforcing the regulations. And as for my friends, we are not blameless, we sat and watched while our the cocoons we fought to build for ourselves were hijacked by greed and sloth.
1 comment:
But those of us that have been careful with our investments are already paying for the excesses of others. My investments have taken it in the shorts (as I'm sure yours have too). Why? Because those who were unresponsible "invested" as if there was no possibility of anything bad happening, and now are being "bailed out" by the "government".
The simple reality is that those whose reach exceeded their grasp have not had to pay for their foolishness, while the rest of us are being forced to pay on their behalf.
Post a Comment