credit card debt

So, the "bailout" / "rescue plan" / "insert your term" - got a giant FAIL.

I was against it. I'd rather have the short-term pain of allowing this situation to play out than have my kids and grand kids deal with the long-term consequences of the government's immediate and expensive band aid.

What sense have you made of this white hot mess? What do you want to happen?

The Ol’ Broad calls attention:

In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other “troubled” assets held by banks.

Maybe more like letting it out.  Forgive the seemingly randomness of the following rant, but its easier (and quicker) to just jot this stuff down as I think about it, than to try and put together a more coherent post:

Pat Buchanan asserts that our economic adolescence has finally caught up with us:

Ya think? Amazing what can happen in just eight short years when you put the wrong person in charge of directing the course of our country....

(CBS News)

With apologies to Whisperin’ Bill Anderson

Salvation Army give us clothes to wear
A man from the county came to cut our hair
We lived next door to a millionare
But we wasn’t nothin’ but po’ folks.

The number of people that have medical bill problems increased drastically between 2005 and 2007 to a whopping 41% or 72 million people.

From Rassmussen Reports:

Wow, the Washington Post really nailed Barack Obama...apparently, he got a better than average loan on his home mortgage, a whole three tenths of a percent lower than the "average".