A certain pinko commie emailed and asked what I think of the bailout. At the risk of making an Obama joke, it's really above my pay grade. I have been watching TV, listening to the radio, and reading articles about it to try to wrap my brain around the situation, but I'm just not so good at thinking in terms of hundreds of billions of dollars.

Here's one thing I do understand: money doesn't grow on trees. Our government doesn't have the money for the things it's already promised, like Medicare and Social Security. Now some want to add health care, and then there's this bailout.

I think we're boned. But I'm a housewife who knits during the Glenn Beck program, so what do I know?

CavX wrote a good summary of the situation, which fits my understanding of the problem. And I've read enough Thomas Sowell to know that there were dire consequences to lending money to people who simply couldn't afford it. Those chickennnnnns came home to roost, at the risk of making a Jeremiah Wright joke.

I heard a guy last night on the radio say that he makes $50,000 a year and bought a $400,000 house on an ARM. And this was touted as a good choice. I guess I just live on a different planet than some of these people, because my husband makes more than that and our house is less than half of this guy's. And we already own a good chunk of it.

But what do I know: I missed the Penthouse Party because I was too cheap to pay the cover charge...

Posted by: Sarah at 08:11 AM | Comments (3) | Add Comment
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