Everyone, everyone, everyone has been talking about the bailouts and I’ve been trying to stay out of it.  But the thought of writing about another topic just seems strange.  Everything I think of seems like I’m trying to avoid the bailout topic.  I mean, how can I write a personal finance blog and not talk about this past week? Writing a post about the 5 most expensive cars to maintain seems kinda frivolous right now.  You know what I’m sayin’.

My thoughts… First off, I try to refrain from feeling to strongly in one direction or the other mostly because I don’t trust the news.  I don’t think I can really get all riled up unless I have all the facts, and I don’t think I’m getting all the facts from the news.  I know what they want me to know, which may or may not be the whole truth.  Or even the truth at all.  So that is my general feelings about everything that is in the news.

So that said… I’m pretty mad.  I think it’s ridiculous that the government is bailing out private companies.  Why on earth would I want to pay to keep these faulty companies afloat when the exact people who ruined them walk away with millions?  Meanwhile I’m also paying for my healthcare and education.  Are we capitalists or not?  Pick a side already.  (I’m all capitalist by the way.)

On the other hand… I certainly don’t want total collapse of our financial system.  I like my house, my husband’s job, being able to put food on the table, and I don’t want those things taken away because of stupid decisions other people made.  So if that means bailouts… then by all means, bail them out!

Yes, I know those feelings contradict themselves.  I’m a complicated person, what can I say.  ;)  That is where my hatred of the news comes in.  If I knew the truth, the whole truth, and nothing but the truth I might be able to pick a side.  Maybe no one knows what will happen if these companies were to fail.  I sure as heck don’t.

But the bottom line is what’s done is done.  So where does that leave us?  I still have faith in the markets.  I do believe we will get through this time.  In the mean time, it might not be the best time to sell your house, quit your job, start a business, or take on extra debt if you don’t have to.  But definitely keep investing in your retirement accounts, keep paying off that debt, keep saving, keep working, and keep living.  And try to keep in mind that the news loves to scare you, they love impending doom.  Try not to get caught up in it too much.

Photo: Elsie Esq.

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