Here is an interesting thought. for every educated citizen who is against this bill there are another 5 people who could care less what happens because they really have no clue and don’t really follow our economy (but they do watch TV). Sure they might be on unemployment or they know a few people that lost their homes, but in reality they are out of touch with what is going on.

Yeah, I was talking to a guy at work the other day and somehow the subject of the bailout came up. He’s in customer service and is a nice enough guy, but he had only heard of the bailout because it was talked about on the evening news.

In the course of the conversation, it came up that he had bought a $380,000 condo and he told me it was now worth $280,000. He said he planned to continue paying his mortgage. It was apparent by our conversation that he had no idea how much the $100,000 loss really was. I’m sure it’s more than twice his annual salary, but he was totally oblivious to the hole he had dug himself into.

These are the people our government is trying to “save”. People who should have never gotten credit in the first place and who will never get credit again in a free market. The only way this guy will ever get a mortgage again is if the government guarantees it. That would be disastrous for our economy and way-of-life, but I’m afraid that is where we are headed because, as you said, there are more clueless McGoos out there than there are educated citizens who at least have some understanding of capitalism and finance.