Wow, that bailout, you know…the $700 BILLION bailout…that worked really well.
Turns out that there is going to be $350 BILLION for Obama to do with as he pleases when he takes office in January. Glad we thought that one out, fellas.
If the $700 billion was so necessary, why is half of it still going to be available when the new guy takes office? If I want to buy a house, I can’t take a mortgage for twice the value of my future home. I can only mortgage the value of the home. When I bought my car, they didn’t offer me $40,000 so that I could buy gas and pay for oil changes. My loan was equal to the value of my car.
So, why the heck did they earmark twice what they needed for this bailout? And why were we NOT ALLOWED TO VOTE on being so deeply in debt? Was this bailout really necessary, or was this one more noose tightening around our collective neck?
The US is a free market, capitalist society. What that means to me is that businesses are free to succeed or fail. And you are allowed to make a lot of money doing so. That means that, if a business, like GM, for example, fails, the government is supposed to let them fail. It sucks that so many people will be out of jobs. But, part of being here in America is that while you have the chance to make a hell of a lot of money, you also have the chance of failing and ending up destitute. If you fail, you can pick yourself up by the bootstraps and try again.
The government stepping in and “helping” these mega-businesses is bad news for the rest of us. While they are enjoying their million dollar homes and bonuses and cars and yachts, the rest of us are stuck picking up their tab. Let GM, Ford, and all of the other terrible US car companies go out of business. If they couldn’t see the trends, they deserve to fail. Giving them money to “bail them out” would be like throwing our tax dollars into a cess pool. They are terrible business people. Let them fall on their faces, rework their business models and then bring a fuel-efficient, dependable car to market.
I remember when Hyundai first brought cars to market. Noone wanted to buy them because we perceived that their cars were pieces of crap. Now, that is how the world perceives US cars. What Hyundai did was change with the market. They saw the demand that would be and designed cars to meet future needs.
What the US car makers are doing is looking backwards or sideways. Oh…people like big SUV’s and cars. Let’s keep doing what we’ve always done. CRAP! HIGH OIL PRICES?!?!?! OH CRAP! Who’ll buy our cars now? What are we going to do? OH NO. Let’s lay off a bunch of workers and hope that the US government has bought into the idea that the whole economy will crumble if we can’t bring our outdated, crappy cars to market. WHEW. Looks like that’s gonna work.
Of course, our chance to tell the government what we thought of them occurred on Nov 4. And most of the people of my fine nation voted for the status quo. Thanks for entering the polls and making an educated decision. We voted all of the geniuses right back into their offices.
My great-grandchildren will greatly appreciate paying off the debt we have incurred.