Friday, September 26, 2008

Tired, Frustrated, Disappointed

I'm trying really really really hard to not watch the news. Seriously. It's just utterly depressing and I need no help being depressed.

Of course I'm still listening to my favorite talk radio shows ... but for the most part they are up beat. Not all of them of course, but Medved is my favorite and he tends to have a very positive outlook. So does Hugh Hewitt, who I adore. He's been taking calls from ONLY female first time callers for the last two weeks. Which is apparently unheard of in radio. I haven't called yet but only because everyone else has said what I've been thinking.

This whole bailout thing is ticking me off though. My hubby and I work very hard to pay all of our bills and save our money. When we bought our house we were offered a variable rate but turned it down. I have a low risk tolerance and didn't like the idea of a rate that went up in the future, even hypothetically.

I don't know who some of these people went through to get their home loans that they didn't have to prove that they could actually PAY for the house...our mortgage folks required all sorts of crazy paperwork and proof of employment. But I wasn't offended ... it makes sense that you have to prove that you can AFFORD to pay for a house. Duh!

Nor did we try to buy more house than we could afford. As much as I would love the $500,000 home with acreage, I'm not stupid enough to think that the stress of trying to pay for it would not kill me. We'd be so screwed right now if we'd tried to do that.

And since some people got greedy, wanting more house than they could really afford or trying to buy homes to "flip" them for a profit...and because the government tried to play social experiments by forcing businesses to give loans to those who couldn't really afford it in order to increase home ownership for "minorities" ... and because a few lenders got greedy ... hubby and I will potentially suffer.

I do not want my taxes paying for someone's home just because they were greedy, stupid, or "tricked" (in which case how smart were they really?). I don't have a ton of sympathy for people who got in over their heads. I was only 24 when we bought our home (and we weren't even married yet!) and I knew better than to do some of the things people did to get homes.

If the bailout doesn't go through, the company I work for will probably be hurting a bit. I don't *think* that I'll lose my job but who knows. I'm trying not to worry about it and leave it in God's hands. There's nothing I can do at the moment to fix or change anything.

Do I think we're headed into the next "great" Depression? No idea. I don't think so. I think the government is running around crying "wolf" when really it's just a wolf cub. Is it serious? Oh heck yes. But I just don't think it's as doom and gloom as some of the politicians want us to believe.

We'll see how it turns out. *sigh*

Oh...and I'm disappointed because my monthly friend just showed up. I was kind of hoping there'd be a reason for her to stay put for 9 months. :( No such luck.

1 comment:

Karen said...

It all is sad to say the least. But we are losing our business (the 3rd in our industry locally this last week to close) which in turn, since we both work at the same business, means we are losing our house. I blame no one. I hope your company will withstand the hit and you will be safe.