Thursday, August 05, 2010

The Upcoming Stimulus - Obama Taking the Billions to Main Street

I just read an article by James Pethokoukis at Reuters about a potential "Main Street Bailout". I don't know what to think about it; Reading the article makes me feel like I did after watching Inception - After that movie I was asking myself: Do I like it? Why do I like it? Do I not like it? Why don't I like it?


A part of me feels like, it's good that a huge percentage of American homes (rather than big Wall Street financial institutions) will get some real relief from all this stimulus, taking the stress off their families and, possibly, allowing them to have a more peaceful life (I hate the idea that we've spent so much money in the Middle East fighting a war that seems like it'll never end) - good to bring taxpayer money back to the taxpayers who live in this country.


At the same time, I think that the stress caused by poor decisions is, in the long run, beneficial for the person and the future. Decisions are more carefully thought out - maybe we don't buy that thing we really can't afford next time because we know where it led us the last time. With papa-government stepping in like the proverbial "soft dad", the kids get spoiled and ultimately become less useful in society.


I guess the bottom-line is that I'll keep doing what I know is right, trying to make the right decisions, not careless ones. In the long run the only one I'll be responsible for is myself. In the end, no matter how peachy or painful things seem today, we all get what we deserve.

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