Are all Bailouts created equal? No!

So we have all seen how quickly the Congress and the Government came up with $700 Billion bailout for Wall Street when a number of Investment Banks faced bankruptcy. It took a few weeks after the initial Paulson proposed legislation was only 1 page in length. When all the bargaining was done with Congress, the final Bill was 400 pages and did not contain a provision that a percentage of the TARP money had to be loaned out, and not just held by the Banks. Then we saw a bailout of AIG followed by a huge loan guarantee of $300 Billion of Citigroup.

Now after weeks of negotiations between Democrats, Republicans and the White House over a Loan to the Auto Industry, much is being made about how tough an agreement this loan will have and even then might not get Republican support with the votes. Seems to me there is a double standard here and this issue shows why many in office have lost the election. They still don't get it. Until they show support for average Americans as they have a chance to do here, they will become irrelevant to the rebuilding of America.

Where were all the concerns before? Where were the checks and balances on the out of control spending by this Administration over the past 8 years. Where were the checks and balances on the $12 Billion per month we are spending in Iraq? You know the answer to that one., there weren't any! We are now a Debtor nation thanks to that past 8 years of an uncontrolled Bush Administration and both Democrats and Republicans are to blame as well as the rest of us for continually reelecting incompetent government officials. Hopefully President Obama will reverse this trend.