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    Posted September 30, 2008 by
    MikeHouston
    Location
    Houston, Texas
    Assignment
    Assignment
    This iReport is part of an assignment:
    Bailout outrage

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    Stop even talking about bailout

    By MikeHouston  |  Posted September 30, 2008  |  Houston, Texas
     
    Even talking about a bailout is creating more problems than it purports to solve, because everyone is staying frozen, trying to guess what our government will do next with the crisis that we are facing. I submit that it would be more prudent for our leaders to state unequivocally that they will not bail out anyone - as painful as that might be for some. We, The People have said so after all: We do NOT want a bailout! It is not that the proposed bailout bill was "imperfect", as claimed (http://www.cnn.com/2008/POLITICS/09/29/marshall.economy/index.html) To wit: The bailout, in whatever form or shape, would ensure that firms that made terrible loans in the past will be kept afloat to continue making loans in the future! (At taxpayers expense, no less) This is not "imperfect". It is outright moronic, unethical, and ultimately unacceptable by The People.

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