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Old 03-08-2008, 12:44 PM
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Wichita Newspaper Opinion Line

Read this in todays Wichita paper.

Credit anthem

seems all too apt

Queen's rock anthem "I Want it All (I Want it Now)" is the theme song for the latest Chase credit card commercial. There's no better song to portray financial management in the United States and the credit crisis faced by both corporate America and individuals in this materialistic nation.

Mortgage lenders certainly wanted it all when they made inappropriate and overinflated loans to thousands of Americans. They want it now from the government, and many corporations have received it, getting significant financial relief for their poor management.

Homeowners wanted it all when they took inappropriate and overinflated loans to purchase homes and cars and boats they couldn't afford. They want it now from the government, and many will receive it, getting financial relief and lower interest rates for their poor management of personal finances.

As for the majority of Americans who seek to work hard, live within their means, and provide for their families -- they have the privilege of paying for it all.
Government assistance should be for those who are unable to care for themselves, not those who mismanage their money.
JIM ELLIOTT

Hillsboro
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