Here is a letter I sent to my congressman:
Dear Sir,
I am writing you regarding the recent proposed Auto Industry bailout. I was in favor of the distasteful $700 Billion bailout but the American people need to stop there. We can not fall down this slippery slope of bailing everyone out that has a failing business. I relate this to terms that I understand better. I am a Landlord. Sometimes I have tenants that don't pay rent. When I first started as a landlord I'd try and help those in trouble and I found it was a bad idea. Helping them never fixed the problem it only enabled them to continue to live beyond their means and eventually rent would come due again. When I make the tough and painful decisions upfront my tenant would either be able to solve the problem on their own or downsized to a more affordable place. This is not only financially better for me it is better for them because they don't have a dark cloud hanging over them knowing that rent will be coming due again. The same principle applies to the auto industry. Figuratively speaking, cutting them a check will not solve the problem that "rent will come due again". Cutting them a check is not a solution. It enables the problem.
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