Robert Kiyosaki calls bailout “corporate welfare”

Robert Kiyosaki, best selling author of books like Rich Dad Poor Dad, writes in a recent Yahoo Finance article that the bailout plan is nothing more than “corporate welfare”. He also says that government cannot fix the problem with the financial markets.

According to Kiyosaki, the biggest problem is the same as he’s been saying since he wrote Rich Dad Poor Dad eleven years ago—the lack of financial education in our school systems and in the general populace. Bailing out people who made bad decisions in the first place is a bad idea since they don’t have the right solutions to fix the problem. We should expect more of the same and the problems will get worse before they get better. In his article he also warns that Social Security and Medicare will be the next systems to fail. I hope the folks in Wall Street and in Washington are listening to him because this Main Streeter is and so far he’s made more since than anyone.