If you haven’t read my post on “Wall Street bailout blunders” you might want to check that out first »
Instead of bailing out all these free market institutions, why doesn’t the government bail me out of my bad debt? By the government bailing me out of my debt it will allow me to have more money to invest back into the market through buying goods and services or through placing into savings accounts in my bank which in-turn allows the bank to loan out more money to businesses to grow the free market economy.
You bail me out of my debt, multiply it by the millions of other Americans who are struggling with overhead debt and free up millions of Americans to have more spendable income, you will see a vast increase in the improvement of the economy.
Big businesses are not the ones buying what they are producing, so if the government bails out these free market institutions, they are freeing them up to try and saddle us with more personal debt to payoff their own corporate debt, which in-turn means we the little guy have less money to spend on goods and services produced by the large free market institutions, which by us not giving our limited spendable income to the large free market institutions, will continue to increase the debt of these institutions which will bring us right back to the situation we are currently in … government bailing out free market institutions.
Screw that! Bail me out of my debt! Bail out the millions of Americans who are struggling to make it b/c they got into bed with some of these predatory free market institutions! Release us from our debts, allow us to have more spendable income, and WE will be the ones to put money and life and health and strength back into the economy and the American dollar!
But what do I know? I’m just a gun toting bible clinging married 31-year-old male caucasian conservative college graduate Christ following father with a B.S. degree in Business with an emphasis in Marketing from the Midwest. I can’t possibly think on a high enough intellectual level to figure anything like this out.
Say … since Fannie Mae needed bailing out, does this mean our student loans have been dissolved?
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