More Pigs Approach the Bailout Trough

The number of failing businesses and industries lining up for a Congressional bailout continues to grow.  The newest money pigs are the home builders.  Mr. ToughMoneyLove is not surprised but I am disgusted by this latest appeal for taxpayer intervention.   Before I explain why, let’s review the specifics of the builders’ proposal which they call “Fix Housing First.”  (Such a clever and patriotic way of saying “me first.”  I wonder how much some genius PR firm was paid to think that phrase up.    Weren’t we all supposed to learn in kindergarten that a “me first” attitude is impolite and selfish?   The other pigs at the bailout trough have made it clear that principle and reason are not in play because we are talking about money – big money.) Read more