Stimulus or Atom Bomb?

The stimulus bill that President Obama has recently signed is suppose to help the econonmy, the people right?

Lets take a deeper look at this.

So you walked into work a couple of months as you have for years coffee in hand thinking nothing of it. You are hard at work around the water cooler and then next thing you know you are no longer employed.

This is bad since you owe $500,000 on a home that is really only worth $310,000 you have $12,000 worth of credit card debit and 2 car payments.

You look for work but the problem is that 8.9% (official number for Feb 2009) of the population is doing the same there is nothing.

Of course you trust your elected officials that they will not allow this to happen and they will fix everthing right?

You are going to be sorry for beleiving that!

They buy (with your money) Fannie and Freddie so they own your mortgage insurance, they pump billions of dollars into failing banks that have done this to themselves i:e: does it really make sense to give a family with the income of $75,000 a mortgage of $500,000.

They take stock in these banks as collateral there for owning these banks.

Keep in mind they are using your tax dollars to do this, so in actually they are using your money.

What people don't seam to realize is that that this money that is being GIVEN out not just readily available, they are taking out bigger loans and printing more money.

That lowers the value of the dollar and creates bigger headaches.

If I asked you for loan of $1000 and you had little to nothing would you just go borrow it from someone else to give it to me.

I am not saying we should not help each other but you cannot bankrupt an entire country doing it.

Now they are going to buy your mortgage at the atronomical price and sell it back to you at one you can afford sounds great right?

Things to think about on that;

If the federal government owns your mortgage, your mortgage insurance, your cars, your credit card debit, and your penison what more can they own that this time?

The other thing is that if they have done this with your tax dollars don't you own it atleast in part?

I know it seems grim but think about those things before racking up anymore debit on the huge TV.