Hello Everyone,
Well with everything that is happening there are many fears and worries over the economy, but one thing has been bothering me lately. Every time these big companies get into trouble they get a bunch of money from the government, which is really from us.
This reminds me of the the senators son who goes out and gets in trouble because he knows his father will bail him out. This says to the reckless companies it's OK to skim big profits and get risky because if all else fails we'll pad your profits even more by bailing you out.
The government is spending our money and what are they giving us in return? Nothing. Look at the housing crisis. I hear all the time that the people shouldn't have taken the loans. Well those people and their loans were holding up the sad economy and the stock market where people made tons of money. Then after the banks made big fees, they cry poor.
Before the government helps these banks and corporations, don't they work for the people? shouldn't they be helping the people losing their homes and not big fat corporations with our money. If you are going to bail someone out why not the people who you took tax dollars from. see if they give 3 billion dollars to the banks why not give 10,000 the average behind payments in foreclosure to about 300,000 people the amount of homes in foreclosure and that 3 billion would go to the banks but through the people and allow them to keep their homes.
The people need to cry out and not allow this government to give their money straight to the pockets of big business without helping the actual people. These companies need to go out of business because they made dumb decisions and if you bail them out they will do it again after taking everyones money and profits.
It's a mess alright. Some of the bailouts were a necessary evil unfortunately as many jobs and other segments of the market are dependent upon it. I'm still trying to sort out a clearer understanding of it all myself.