The Bailouts

So President Bush says that the bailouts of Wall Street are better than doing nothing.

It seems to me, that by bailing out Wall Street, the bill is being passed to Main Street instead.

It's like Wall Street has spent recklessly, maxed out all its credit cards, and is now turning to Main Street to get another credit card to pay off these maxed out ones.

If you or I do that, it's considered irresponsible. We have to batten down the hatches, tighten our belts, reduce personal spending or declare bankruptcy or all of those. If you have rotten credit, you can't get any more.

Remember it's not the Government bailing out Wall Street. The Government doesn't have any money of its own. It only has what it forcibly takes from you and I (and calls taxes). So you and I are paying the golden handshakes for these Wall Street clowns that have basically screwed up their high paid jobs, and walk away with a bonus for doing so!