The housing crisis

I'm driving into work and listening to the radio and the topic on the Glenn Beck Show is the housing crisis. I agree with him let the people and the banks suffer. They are the ones who got themselves into the mess. The government can't be there to bail everyone out.

Take for example my wife and I. We have a good fixed rate mortgage, some debt, alot of savings (if we need it). But we know we are able to pay everything off if need be and remain solvent. That's because we are fiscally responsible.

Now we have made mistakes. The biggest one right now is with our personal investments in the banks. We are showing a huge negative with Washington Mutual and Starbucks, but we are sticking to our guns and buying more of it as we believe in the rule of cost averaging. It's something I learned from when Altria almost knuckled under back in 1998... and I found out that they were a cash cow. I bought as muchas I could and was rewarded handsomely. It helped pay for our first home, which we sold of course for someting a bit more comfortable.

I may be wrong in the coming weeks but if I am at least I know that I can't blame anyone else except myself. I can assure everyone that reads this that I will not be asking the government to bail me out of a decision I made. And you shouldn't do that either - being bailed out that is.

The economic decisions that the democrats are making like this will hurt our country and and progressive policy they make should be listened to and serious scrutinized. Don't let them do it.

'Til next time.