Congress seems to have forgotten all the real needy folks in the country. We have not yet bailed out the losers at gambling casinos across the country that lost their entire last weeks wages with one role of the dice. We also forgot those that placed their life's savings on on a 30-1 long-shot at the race track that never quite made it outside the starting gate. The race horse "Sudden Death" seemed like a sure thing, but now the race track bettor is broke and will need to have their lives mended again at the benevolence of Congress and the US Taxpayer.
I don't know about you, but even in college we discussed inefficient Companies. The auto makers were one of themCapitalism has a way of making way for the future. Great companies survive, and bad companies fail. The auto makers were known for layers of inefficient bureaucracies - lethargic communications, no fuel efficiency so now we are going to bail them out on our tax dollar? My thoughts? Let them fail. If we bail them out...their CEO will still have a 35 million dollar salary, eat caviar every night, smoke hundred dollar Cuban cigars, give bonuses to his relatives that are on the payroll and still make the same lousy cars! Have America gone completely stupid? There has to be a consequence of bad business. Business that are bad need to fail. Adults that bit off more than they can chew financially do not need to be rewarded for acting like a fool at the expense of other tax payers. I have to ask one more question...
When will the bailouts stop? When will any of them start to work? Have you asked your elected officials? It's your tax dollars!
PS Watch the Movie "Weekend At Bernies!" There are some interesting parallels!
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Both Obama and McCain voted for the $700 billion bailout plan. I don't see any of the Democrats standing up against the big corporations with their handouts. It's time for some trickle up economics instead all this trickle down.