KitchenKitten99
10-07-2008, 08:42 AM
Ok, how are these two related? They're not, but I can't help but parallel the both situations and the reactions/solutions of the government to be similar to that of a woman who slept around and got pregnant.
The Fannie Mae & Freddie Mac were like a woman who sleeps around with various men, sometimes protected and sometimes not. For several years, she dodged the bullet, so to speak. No diseases or pregnancies. Like the Fannie & Freddie buying risky mortgages.
Then, it happened. One day she found out she was pregnant (Fannie & Freddie started to go under).
Because this situation is unplanned, inconvenient and unwanted, the woman considers an abortion at the free clinic (aka Bailout Bill, both are at the expense of the taxpayers). At first they counsel her, trying to gently talk her out of it. She considers it for a while (House first rejects bill), but she is still in panic mode. She feels that if she doesn't do something quick, she can't get back to life as usual. Ironically the same life that brought her to this situation (lack of regulation -like birth control & condoms-for both entities).
She convinces herself to get the abortion (House & Senate pass the bills). While there she is no longer pregnant, is it really all for the better? History has shown that women who have abortions are prone to severe depression due to regret. Those who have multiple abortions (like Roosevelt's new deal and now this bailout) and often later have difficulty in conceiving and are higher risk for miscarriages (Like the market correction being prolonged and we're in for a bigger fall, and our market may never be able to fully recover after that).
Would it have been so bad to continue with the pregnancy and raise the child? Essentially like voting down the bailout bill and let the market take care of itself-sure it would be very hard at first, but in the end, we're all the better for it. Sacrificing our current lifestyle for a short time (yes, raising a child is at least an 18-year commitment, but this is just for contrast), but you have learned a valuable lesson about sleeping around unprotected, and you sacrificed for the good of a future generation. And that child thanks you for it. Due to that, they become successful, and then turn around and take care of you in all ways you can think of.
To me, this bailout bill is like the woman in panic-mode and realizing her stupid mistake and wanting so despirately to fix it quick, even though ANYONE could have told her that she couldn't continue on the path she was on without paying for it somehow or another. And she really did know about it, but chose to ignore the warnings and continue with the lifestyle she was living. Problem is, the quick-fix may not be the right solution. It may impare us financially and cause a bigger depression and we may not be able to sustain our financial situations later (like trouble conceiving and miscarriage).
The Fannie Mae & Freddie Mac were like a woman who sleeps around with various men, sometimes protected and sometimes not. For several years, she dodged the bullet, so to speak. No diseases or pregnancies. Like the Fannie & Freddie buying risky mortgages.
Then, it happened. One day she found out she was pregnant (Fannie & Freddie started to go under).
Because this situation is unplanned, inconvenient and unwanted, the woman considers an abortion at the free clinic (aka Bailout Bill, both are at the expense of the taxpayers). At first they counsel her, trying to gently talk her out of it. She considers it for a while (House first rejects bill), but she is still in panic mode. She feels that if she doesn't do something quick, she can't get back to life as usual. Ironically the same life that brought her to this situation (lack of regulation -like birth control & condoms-for both entities).
She convinces herself to get the abortion (House & Senate pass the bills). While there she is no longer pregnant, is it really all for the better? History has shown that women who have abortions are prone to severe depression due to regret. Those who have multiple abortions (like Roosevelt's new deal and now this bailout) and often later have difficulty in conceiving and are higher risk for miscarriages (Like the market correction being prolonged and we're in for a bigger fall, and our market may never be able to fully recover after that).
Would it have been so bad to continue with the pregnancy and raise the child? Essentially like voting down the bailout bill and let the market take care of itself-sure it would be very hard at first, but in the end, we're all the better for it. Sacrificing our current lifestyle for a short time (yes, raising a child is at least an 18-year commitment, but this is just for contrast), but you have learned a valuable lesson about sleeping around unprotected, and you sacrificed for the good of a future generation. And that child thanks you for it. Due to that, they become successful, and then turn around and take care of you in all ways you can think of.
To me, this bailout bill is like the woman in panic-mode and realizing her stupid mistake and wanting so despirately to fix it quick, even though ANYONE could have told her that she couldn't continue on the path she was on without paying for it somehow or another. And she really did know about it, but chose to ignore the warnings and continue with the lifestyle she was living. Problem is, the quick-fix may not be the right solution. It may impare us financially and cause a bigger depression and we may not be able to sustain our financial situations later (like trouble conceiving and miscarriage).