Look Through the Eyes of the Ant

To restate what I said in my last blog; to provide loans to the auto companies is like using a credit card to pay off other credit cards.  

Also, to define the title I chose today, the Ant is patient, hard-working, and organized to serve its community. I have been reading the pros and cons of helping people refinance and stay in their homes.  There is a unknown number of home owners who pay on time and are watching their neighbor be 'rescued' with a new loan that is far more advantageous than those who are being like the Ant.  Some of these people are losing their will to continue in this manner as they see that the opposite behavior is being rewarded.  Given this view, I think the government should be careful about the mortgage rescue plan.  It could snowball and become quite unwieldy.  Having a pristine credit report is not a priority now.

We just have to bite the bullet and take the hit collectively.  By hit I mean that our standard of living may decrease for a period of time.  The world does not have the might, strength, or ability to create enough money to hold up a financial structure that needs to fall to the level of finding its own footing.  The test is for each individual to decide where he/she stands with his/her integrity and doing what is 'just.' Stand up for what is true for you because you have to live with yourself when everything else that you thought was important seems to have disappeared or has has been moved to a different location in the order of priorities.