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Where's my bailout?

By
Industry Observer with Responsive Pest Control

Good morning: With the governments announcement that they will be bailing out Citigroup, I have to wonder where's my bailout. Obviously, I'm just kidding. I don't expect one; I expect to make it on my own. Besides, I'm a small fry. Only the big entities get government subsidies.

I have to wonder about all this government bailout stuff. I read today on www.ml-implode.com that the big builders are going to look for help next. My question is when will it all end? And where is all this money going to come from? Somehow I wonder if we, the taxpayer, won't be paying for it during our lifetime. I know they're selling it as having a great rate of return. The problem I'm having is the numbers just seem to be getting larger.

I was talking with my wife yesterday and she was talking about how her mother, who doesn't drive, has started setting appointments for every Monday because she knows it's my wife's day off. I told my wife, because she is increasingly frustrated having to give up Monday, that she needed to talk to her mother about setting limits. That is, she can take her mother on her errands once or twice/month on a Monday. But not every Monday. The reason I'm telling you this is because I believe the government is going to have to start to say the word no. Everyone and everything needs limits. Otherwise, I'm not sure we'll ever make it to the other side.

I'm curious as to your thoughts on this whole bailout idea. It seems to have created a life of its own. Have a great day!

Posted by

Paul McFadden

Bo Hussung
Bell Title /Triserv LLC - Nashvle, TN

Paul, well pretty simple Paul. The more we give away the more we leverage our futures, our childrens futures and maybe even their childrens futures. However, I also understand the need to strike a balance between failure and survival. The hope is that the policies being implemented now far outweigh the negatibve effects of doing nothing. Histrory shows that the government late actions on intervening during the dpression actually made things worse and the market forces did not operate effectively. So, my guess is the pain of doing nothing is far more detrimental to our immediate and long term futures.

 

My fingers are crossed!

Bo

Nov 24, 2008 05:40 AM
Paul McFadden
Responsive Pest Control - Seattle, WA
Pest Control, Seattle, WA.

Thanks, Bo. Those are good thoughts. My fingers are crossed as well!

Nov 24, 2008 09:39 AM
Mark Watterson
Salt Lake City, UT
Utah Real Estate

I'm too wondering where we draw the line and who draws it.  Big or small everyone rather be bailed out than suffer the pain of our mistakes.  No one wants to suffer.  But the price has to be paid.  It just a question of who we make pay for the sins of a few? and when?

Nov 24, 2008 09:46 AM
Paul McFadden
Responsive Pest Control - Seattle, WA
Pest Control, Seattle, WA.

Thanks, Mark. I appreciate it. Only time will tell! Stay tuned.

 

Paul

Nov 24, 2008 01:32 PM
Greg Wilson
1st Cornerstone Realty - Schaumburg, IL

Hello Paul, nice post.  I am really against the bail out but I can't really do anything about it.  Its like you're paying people to run companies into the ground.

Nov 25, 2008 12:11 AM
Paul McFadden
Responsive Pest Control - Seattle, WA
Pest Control, Seattle, WA.

Thanks, Greg. I appreciate it. That's an interesting observation. Keep 'em coming!

Nov 25, 2008 12:40 AM