Okay, let me see if I got this right…
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We got in trouble because the banks—not to mention Fannie and Freddie—wanted to lend us money whether we could afford to pay it back or not. So we borrowed it—and guess what?—we couldn’t pay it back.
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Now we are in the dangdest mess you ever saw.
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So, how are we going to get out of said mess? Well, first we have to get the banks to lending money again, preferably on easy terms.
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Did I get that right? If so, then can somebody please explain to me how this is gonna work?
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Then we gotta refinance all those mortgages that all those people can’t pay. Is there any way in the world we can do that without making credit too easy again?
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Banks, automakers, and people who can’t—or won’t—pay their mortgage all get bailouts. But Ralph, you explain, they bought houses that are now worth less than they were when they bought them. Well, hell, so did I, but I’m still making the payments.
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The guvmint’s gonna fix some things by taking them over and running them so well that it will save us all money. Wasn’t it Mike Huckabee who asked the question, “Can you remember the last time the government ran something and made it better?†I surely can’t.
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My wife reminds me that the guvmint took over a, uh, “house of ill repute†one time, because the owners owed taxes. My wife told me at the time, “I bet they lose money on it.†Don’t laugh—they did.
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Hillary wants to take over health care and save us all money. Heck, the guvmint already runs part of our health care. They call it Medicare, and they have it so out of control that the costs loom over our heads like a tsunami with proportions that dwarf our Social Security debts.
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So why in the world would we turn the rest of our health care over to the guvmint?
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I am sore afraid.
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