Bailouts

Peter came home last night and explained to me that we lost $150,000 yesterday. The comments below explain just how that happened. This is an e-mail Peter sent out that I thought I should share. By the way, if you know Peter, it takes a LOT to get him "pissed off."

I don’t know if anyone else is as pissed off as I am, but this is outrageous!! Where is the end? It is so stinking important to pass a 900 billion dollar “Stimulus” package when all the 10 trillion dollars of spending over the last 3 months has done nothing. Why is this one so important and different? Why did Geichner postpone his plan for spending the last $350B from Tarp? Were they afraid that we might think “wow, why is this trillion dollars going to make more of a difference than the last $trillion? With the money that has been used for bailouts over the last 3 months guess what, we could have paid off 90% of all the mortgages in this country. Just as a side note, my families portion of that bill, $150,000. Well, I guess I just took out a second mortgage. Wow, I hadn’t really planned on that. And when Obama retorts, when accused that this is just some massive spending bill, “what do you think stimulus is?” Well how about something worth spending money on. Let us keep more of our own money, do you think we wouldn’t spend it? Our savings rate in this country is pathetic. Give us a tax cut and you bet we will spend every dime of it.--end quote

The numbers Peter refers to above are what bailouts have cost to our family in the last four months. To figure out how much this plan cost your family yesterday alone, take the number of people in your family and multiply it by $3,333. That is how much this bill cost every single man, woman and child in this country.