Comments on: Why I deserve a bailout

By: Flickr Pix in the Wild | Matt McGee

Flickr Pix in the Wild | Matt McGee — Wed, 20 May 2009 06:31:32 +0000

[...] photo I took of the Oscar Mayer Wienermobile was used on Wide Open Wallet way back in [...]

By: Weekly Round Up | Master Your Card

Weekly Round Up | Master Your Card — Mon, 23 Mar 2009 05:12:02 +0000

[...] Ashley @ Wide Open Wallet has a great tongue-in-cheek post about why she deserves a bailout. It was amusing and sums up the problem with this country so [...]

By: No bailouts for people who can pay their mortgages | Sense to Save

No bailouts for people who can pay their mortgages | Sense to Save — Thu, 19 Mar 2009 17:09:17 +0000

[...] at Wide Open Wallet compares being upside-down in a mortgage to being upside-down in a car loan. When people buy brand-new cars, it’s generally understood that the car will drop in value at [...]

By: LAL

LAL — Thu, 19 Mar 2009 15:11:24 +0000

R.May I heard the same analogy and hated it. But it’s also why I understand about renegotiating people’s mortgages. Because we need them to stay put not foreclose.

BayouJosh, you can’t be off the grid unfortunately unless you really do everything on your own.

Without loans there would be no doctors, no medical care. How many doctors walk out with massive student loan debt? No more credit? No more student loans, no more doctors. We’d be in trouble.

No more government money, no more police men, fire men, etc. Maybe more criminals who could break into your house. It’s all relative Sadly.

Are they really selling 2009 cars for $15k?

By: BayouJosh

BayouJosh — Mon, 16 Mar 2009 18:19:20 +0000

Great post! Pretty much sums up my feelings exactly.

Very interesting perspective R. May. I’ve never heard it put that way. Seems to point directly at the problem though - if a person is that closely tied to their neighbors, then they all need to bail each other out. Since, if one goes down, they all go down. Maybe the solution is to be “off the grid”, so as to be unaffected by what happens to your neighbors.

By: R. May

R. May — Mon, 16 Mar 2009 15:42:07 +0000

And thus is the problem. Someone (the responsible people) is always getting screwed. But if we don’t bail them out…we also get screwed.

Heard a great analogy on the bailout on NPR, wish I could remember who said it but:

So the guy in the townhouse next to you smokes in bed. One day he catches the house on fire. You COULD teach him a lesson, not bail him out and refuse to call the fire department. Which would probably teach him a lesson. Unfortunately you and all your neighbors houses are going down with his.

After hearing that, it put it into perspective. If we don’t help the morons they are going to drag us all down with them. Oh I’m still angry. But I get it.

By: Tim

Tim — Mon, 16 Mar 2009 15:28:37 +0000

As the commenter above said, I know you’re kidding; but if AIG can get a bailout and then pay millions in bonuses then we, the people, ought to have some loans forgiven. It’s only fair, right?

By: Lynn

Lynn — Mon, 16 Mar 2009 14:28:28 +0000

While I know you are totally kidding there are plenty of people out there that actually think that way. Especially about housing. Ugh. That’s all I have to say about that topic. It gets me too fired up.

PS. I love the Oscar Mayer Weiner mobile!! The brother of a good friend of mine was actually the driver of one of them for a while…too funny!