Mortgages And Now Car Payments?

The Obama Administration has already decided they will be assisting some home buyers with their mortgage payments. The idea of helping your neighbor pay the mortgage they can't afford has left many people, including myself, with a sour taste of redistribution in our mouths. Now, I don't know what the requirements are to receive the payment help, nor do i really care. In my opinion these people should not own a house, as they clearly cannot afford it. What pisses me off even more is the thought of these people who are receiving this mortgage help spending money on unnecessary goods and services. I wonder how many of these people have cable TV, have pets, have an alcohol or tobacco addiction, or have some other expenditure that they could cut out that would allow more money to go to their mortgage.

The argument those is favor of this mortgage assist plan could always fall back on is that Americans do need a place to live, therefore, helping them stay in their home is a necessity. Of course I would argue that an apartment is also a place to live and is suitable substitute for a house, and is generally much more affordable.

And now the new issue that really pisses me off!!

As ridiculous as I thought it was for the Federal Government to assist those in mortgage trouble, I am absolutely at a loss for words after GM has unveiled their new incentive program to get consumers to buy new cars.

Let me set this up for you: Under GM's new plan if you buy a new GM vehicle, and then subsequently lose your job, GM will pay your car payment for a certain period of time. Now to be fair, I'm sure this only applies to certain cars and to certain job loss situations. For instance, I'm sure if you are fired for insubordination, you would not qualify for the program. Anyway, the details are really not important to me. Think of this logically. GM has no money. The only money GM has is money that was given to them from the Federal Government. So now theoretically we can have a guy who has his mortgage paid for by the government and assuming he losses his job, will also have the government essentially pay his car payment. WHERE DO I SIGN UP?? Oh wait thats right, you dont actually sign up, you just buy things you cannot afford and have no business buying.

You might be saying, "but how will I get to work?" Here is a novel idea, buy a used car that you can afford. Or better yet, pay cash for the new or used vehicle you want. And guess what, if you don't have enough money to buy that new Escalade you want, you cant afford it and should not have one.