Success Happy

Wouldn't we be better off giving the bailout money to successful companies and people who pay their bills?

Then the successful businesses could hire more people and the desired lenders could rent out more homes to the people that lost theirs.

Public Comments

1. Only people who are paying their mortgages are eligible for the mortgage bail out money. People who are not paying their mortgages and walking away from them are not eligible.
2. Yes, by lowering taxes. We should reward success, not punish it with higher taxes.
3. No. They already have money and haven't lost any. Plus, the world could not function properly if a company like AIG suddenly went under. Actually, we are bailing out middle-class entities. Currently, welfare/government aid is incredibly difficult to get and therefore, we're at an all time low for people being on welfare. Your tax money is going to the middle class to ensure that our country doesn't suddenly fall into the same place that most 'developing countries' and/or 'third-world countries' are (with virtually no middle class, widespread poverty, and a small percentage of upperclass). People like my parents will be in the highest bracket of taxing under our current executive/legislature, yet they will gladly pay that if it means that our economy on a bigger scale recovers. The falling economy means that there investments aren't worth as much, that any young people they know are living in poverty, etc.
4. well, maybe the ones that are struggling. It's a drag when you make 'too much money' to get help. you have to either be too poor or too rich to get help....
5. Tried it. Trickle down economics. Bleh.
6. People who are only upside down on their houses, but are staying current anyway because they are honorable people who pay their debts are mostly guilty of buying at the wrong time in the economic cycle. This is often unavoidable, due to relocating for a job, etc. They deserve some compassion. People who unwittingly bought teaser rates from predatory lenders are stupid and are going to be separated from their money eventually anyway, so it's not very smart of us to give them more money to lose for us. People who knowingly misrepresented their income to buy a house they cannot afford do not deserve our money to stay in that house. All that being said, we need to take the actions that advance our collective interests the most. So while it may be irritating to suspect or even know that some of these folks don't deserve our help, it may be in our own best interests to keep foreclosures to an acceptable level to not blight the neighborhoods and lower everyone else's property values. Some of the proposals out there do call for repayment of the assistance if they sell within a specified time. as long as the taxpayers are first in line to be repaid if the place forecloses anyway, it seems like some assistance is in everyone's best interests.
7. I'm wondering what they're going to do for poor families like myself and my family. I work two jobs (so does my mom) and we struggle to get by each week living from one paycheck to the next, can't afford healthcare, cars that actually work, or even dental care- can't afford to stop working in order to go to college either. Half the time we don't have enough groceries Yet the government has always told us we're not eligible for help. But the whole system is corrupt and unjust. Personally, I have no hope that things are going to change. No one is thinking of the people who were already struggling to get by.. now its become a fight to survive.
8. I know I would certainly prefer that, but unfortunately those people don't compose the majority of those who need help. Obama sais that irresponsible spenders will not be eligible for any additional breaks, so I can only hope he follows through with that. I'm sick of hearing about people who max their credit cards out and declare bankruptcy or foreclosure because they were living beyond their means. There are too many responsible people sticking to budgets and working their bums off who are still just barely getting by.