Here’s one of the most foolish things that I here in my day to day conversations: “The Government has a new program that is going to bail me out of my problems”
Here are two recent examples to illustrate how misguided and disastrous that kind of thinking can have on your personal and family’s finances.
The Mortgage Bailout:
Why The Bail Out Bill Failed…And Will Fail Again We’ll see if another try at a legislative bail out develops but, what today’s failure to launch really shows is that the whole notion of who is responsible gets recent reality exactly wrong. Conventional wisdom holds that private sector greed ….. The government should be kept out of the mortgage management business. 2. The homeowner should be kept productive and in his home, foreclosures should be minimized. 3. The banks should be reliquified insofar as is possible, …</p>
Cash for Clunkers:
Cash for Clunkers: This is What We Call Success? » The Foundry – … cash, who will buy cars for the rest of the normal buying cycle? When government mucks around in the free market system it screws it up every time. We haven’t yet seen the totality of the failure of the cash for clunkers program.
Bottom Line: Don’t every rely on the Government to solve your problems.
Other Related Stories:
Invincible Armor: Cash For Clunkers A Failure – The National Automobile Dealers Association is urging the federal government to begin shutting down the Cash for Clunkers program immediately. In a statement released Wednesday evening, NADA said that, given the rapid pace at which …
Now You See It… Cash For Clunkers Ends | Free From Broke – In my opinion, Cash fro Clunkers was a failure before it even began. Yes it may have spurred half a million new car sales. But really all it is doing is taking future car sales and causing them to happen now. That’s called a bubble. …
Another Pundit: Cash for Clunkers Is Another Government Failure … – Cash for Clunkers Is Another Government Failure – WSJ.com. The Transportation Department is ending its “cash for clunkers” program today, but the deadline shouldn’t pass without recording a few economic and political lessons. …
