So, let me get this straight - you are belly-aching because the government stepped up and is helping GM out. You agree that GM shouldn't go under. Well, if you say GM shouldn't go under, yet your against the government giving them money (which is about the only organization/group that will give GM cash)... why aren't you sending checks to GM?
You say GM and Chrysler shouldn't be allowed to fail, but than you complain when they aren't allowed to fail!
Also, without modifying these mortgages, allowing people to stay in their homes, you would have a lot more foreclosures than we have right now. Empty, foreclosed homes are not good for ANYONE. It tends to bring down the property value of nearby homes, and can make the neighborhood looks "trashy."
Not everyone that is having mortgage or other financial issues worked at McDonalds and con'd Countrywide into giving them a $200,000 mortgage. There are lots of people that made an honest living that were (and still are) really hurt by this recession.
As of April, the national unemployment rate is 8.9%. 13.7 million people are without jobs.
This country would be in a much sadder state if the government didn't try to help. I'm not saying everything the government does is perfect or I agree with everything.
Oh, and for paying your mortgage on time: YOU GET A HOUSE and you don't have to worry about foreclosure.
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If parts ain't flyin', you ain't tryin'.
If it ain't broke, fix it 'til it is!
2009 Toyota Corolla S, 1.8L, 5-speed - the daily driver.
1996 Dodge Dakota, 4x4, extended cab, 3.9L, automatic. - my baby
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