Dear Congressman,
I would like to communicate to you the opinion of the average constituent. I have in my late twenties, I have done everything right. I have little to no credit card debt, and I have a mortgage that I can actually pay for. I’m still trying to pay back my college loans, which I’m probably going to be doing until I’m 40. My family spends its money carefully.
I was disturbed to read an article in the news, Reuters of all places, that stated that the administration’s plan to revive GM was to sell GM to the government, while forgiving the bulk of the loans that GM had already been given.
If I remember correctly, the media was quick to point out that the auto industry was being given loans, not free money to help fix their ineptitude at business. Now, those monies that were, according to the media and the administration, to be paid back to the tax payers are being written off and dumped in the waste bin.
Many people in the government have been quick to point out that the current administration is not socialist and does not have socialist policies, however I fail to see how the government controlling the auto industry is not socialist. It’s the governments job to do only what it needs and to protect the freedoms of our country. It is NOT THE GOVERNMENTS JOB TO RUN THE AUTO INDUSTRY OR ANY FREE ENTERPRISE. The government needs to steer clear of our Capitalism and let the market correct itself for the stupid business practices of others. What lesson do these people learn if they aren’t held accountable for their bad business decisions.
I’ve paid off my credit cards, I’ve reduced my debt, I pay my mortgage payments; and all I have to show for it is a house that’s worth less than I paid for it, and the reality that while my family is growing out of our house, we won’t be able to move to a bigger one anytime soon because the government doesn’t help people like me, the government only bails out the irresponsible.
I’m sick and tired of paying the balance for people who fail at managing their own finances, when I do everything right. They fail and are forgiven, while I succeed and pay the price for not failing. Something is wrong with this picture, it isn’t American. I struggle with my bills, where’s my bailout?