It took me little over an hour to drive into work today. I had to scrape a little ice off the windshield and off I went, north to Seattle. During the hour long trek I listened to Glenn Beck as I always do in the morning, and he was actually happy about the economy. He even said that it was probably a good thing that we are going through this economic downturn as it will only get worse before it gets better. And he said let the system heal itself, and not let anyone touch it.
I agree with most of what he said. But I would take it a step further. I say let everyone fix their own problems. If you got into a bad mortgage, blame only yourself and don't let anyone bail you out. If you got into bad credit, same thing. It should be your responsibility, not the government's to help you.
For instance, when I married my wife she was $47K in the hole. I supported her all the way on herself paying it off... and guess what? She did in little over three years. When we bought our second home she was down to her last $12K and we used our capital gains to pay that off.
That's how it should be done. ON YOUR OWN. And for that we as a nation should fix our own problems in this crisis and tell everyone else to back off. We shouldn't let foreign nations enter into our banks and having controlling interest. We shouldn't sell off our sovereignty. Or for that matter, a few other things I could list.
And God forbid the day the Democrats take office if that ever happens. A healthcare system that is nationalized would only further get us into trouble and bankrupt us.
Just save and watch... and if possible invest. It's the best time to do it.
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