Tuesday, July 29, 2008
The mortgage bailout that is passing with great haste is an insult to every American who has done his/her homework and chosen good loans for their homes. This bailout just reassures banks that no matter how poor their decisions to loan money, the federal government is good for a bailout. The sad thing is that the very people who work hard and make good choices will pay for this bailout in both higher taxes and inflation. No congressman should have voted for this debacle.