We passed 800 billion to go to a bunch of execs that sit around pushing money around on spreadsheets who thought sub prime mortgages were a good investment. They're even getting bonuses!
The FED is printing and lending trillions of dollars, and not even disclosing where the money is going.
So what's another 15 billion for some automakers who are bloated with corruption, private jets, and unions that have negotiated the sweetest deal in history (for its workers).
Everything is wrong with it. It's time for the government to understand they're making this situation worse with their intervention. The bailout is only creating an environment where success is punished and failure is reinforced with more money, so they can continue to fail.
Government: Get out of the way now. What are you trying to avoid, a recession? Too late. We're in hard times, this country was built on hard times. You can't have good times if you don't have the opportunities created by bad times. Name one country that experienced long term economic growth from government micro-management.
It's time for a little pain and purging. It's going to hurt, a lot. Then there is going to be opportunities like we've never had before. The little guy can't outsmart and outperform the big guy if the government is propping up the big guy with trillions of dollars and calling them too big too fail.
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I didn't know Toyota's biggest competitor is now the US.. I always thought it was GM.
welcome to the GREAT RECESSION!
it's probably a depression.. but they won't acknowledge that for another year.
It takes our retarded govt a year to realize that we were in a recession at the end of 2007.
morons.
Its simple, the country has become a big corperation. Where we have 20 people doing the same job and so none of them does anything but figure out how they can make more money. Its a house of cards. If anyone should lose more jobs, its the govt. Time to cut spending by 50%. No more govt pensions either. I don't get one, you don't get one, they shouldn't get one either. Especially when they have the unions gauranteeing raises.
* DMV, get it online. No need to have 20 DMV's on long island with 50 workers in each who sit around.
* IRS, automate it with a flat tax.
* NASA - sell it off to Boeing or Lockheed and privitize it.
* teachers, unions, LIRR, Gov, etc - cut pensions, switch to retirement plan like 401k.
* Congress and Senate - Guess what its not a career anymore, it pays 40K, you do it cause you want to help out. Write a book in 5 years if you want to make money.
* Construction - no more supervisors, everyone works.
* LIRR - charge for internet.
* FAA - Fire everyone, this is the worst run system.
I could go on and on....
That illinois governor, life in prison, no parole. Send a message.
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