Posted On: March 31, 2008, 8:51 am CDT

Posted By: Dustin

Great post CJB. I am reminded of Glenn Beck last night. His phrase for the day was "too bad." You only make $19,000 and bought an 800,000 house? Now you are in foreclosure? Too bad. You loaned 800,000 to someone only making $19,000 a year? Now you can't get all your money back? Too bad.

I am sickened by how people equate wanting something with deserving something. For a short while I was leaning more towards Obama in the election, but after hearing his housing market speech I will go back to the right (of course pending McCain picks someone who actually knows something about the economy and how to fix it). I don't quite understand this shared prosperity. I do want everyone to do well, but I don't believe in socialism. I don't think we should hinder someone from doing well, but we also shouldn't shield someone who has made a bad mistake. You often learn the lesson better by touching the hot stove top than having your parents tell you it is hot so you better not touch it! Maybe not the best analogy here, but you get the point.

I do think that some "oversight" in the financial sector is needed if we are going to bail out these banks that made the mistakes. Of course, I don't think we should have bailed them out to begin with, but you can't take that back.