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.
Showing posts with label automakers. Show all posts
Showing posts with label automakers. Show all posts
Friday, December 12, 2008
Monday, December 8, 2008
Transportation Bailout Scenario
Not too long ago in our history, a major manufacturer of vehicles that were widely used were going out of business. There were many factors such as competition and difficult economic times.
Employees lost their jobs and companies went out of business. It was a pretty sad story for an industry that served so many for so long.
But these companies didn't get a bailout. If they did, we'd all still be driving horses and buggies.
Employees lost their jobs and companies went out of business. It was a pretty sad story for an industry that served so many for so long.
But these companies didn't get a bailout. If they did, we'd all still be driving horses and buggies.
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