Banks aren’t being bailed out for banks sake but for the sake of the account holders and the sake of our financial system’s stability and rightfully so. Shareholders of these banks in trouble have, in most of these instances, been either wiped out or close to it, and again rightfully so.
Those running these institutions, the CEOs should say thanks you’ll get no argument from mme on that. However, they a few and much farther between than the 10’s of millions who get financial help almost daily from the toil of others. Many of those paying the freight for those getting the benefits of BO’s proposed redistribution are just hardworking people who live within their means and save there money like they have been taught to.
I’m glad the government intends to not let the financial system collapse on these folks and destroy their lives. Lives which were lived by the rules and which have nothing to do with the greed of buying a home you could not afford or financing a home for someone bound to default.
Over 40% of this country pay nothing and that percentage is bound to grow under BO. They enjoy the same roads, schools and services as everyone else and don’t have to pay one cent for it. In fact, many of these folks actually get hard working folks money via handouts through our government. CEO pay is chump change compared to the sums doled out by the government and the cost of the bureaucracies that do so.
Some of these folks go on to be very successful, which is great, but I don’t recall very many thank yous or offers to reimburse the handouts they received.
No, folks always will take something for nothing. If you offer somebody free money they will take it. If you tell them they deserve it they will feel entitled. It is human nature.
I just read about Hawaii terminating free health care for children under 18 because too many folks were signing up for the program. Folks were dropping their own coverage they had been paying for to get it for nothing through the government.
Human nature is what makes wealth redistribution not work. Too many folks will take something for nothing if it’s offered and let the saps who continue to work like, Joe the Plumber, pay their way.
