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Friday, September 19, 2008

I'm very confused.

Eden, Utah - where I'm NOT living thanks to government un-regulation of financial institutions.

I had looked forward for three years to retiring last June. We listed our condo in Utah for sale two years ago this November. We had hoped to start construction on our retirement home last April. We had dreamed of moving into that home next month.

We're not moving anywhere, maybe ever.

I'm still working, probably until I'm 75.

I'm working so that we can continue to squeeze out payments on the condo that won't sell and property taxes on the property we can't build on.

Here's why I'm confused. Conservatives say big government is bad; regulation - especially of financial institutions is bad. It was OK with them for families to be sold homes they couldn't afford so that CEOs could reap bonuses in the tens of millions of dollars.

And then, when the inevitable doo-doo hit the fan and those unaffordable mortgages collapsed and then, also inevitably, the financial institutions that loaned that money and gave those obscene bonuses in the first place collapsed,

THEY ALL COME RUNNING TO THE GOVERNMENT TO BAIL THEM OUT?!?!?!?

So now I, who am working into my retirement to pay my bills, will also be paying more taxes (wait a minute, don't Republicans promise tax CUTS?) to bail out the same financial institutions that clamored for no government regulations.


We can socialize our financial system, but not medical care?

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