After hearing reports about the white house sending a 17 billion dollar bailout package to the big 3, it assured me that we no longer have a capitalist soceity. Saing that the Big 3 is "too big to fail" is saying that these companies rule America, therefore, we can't sacrifice job losses and losing a reputable "American" company. That sounds like a "ohh, it's alright, we know you made stupid decisions in the board room. We know you failed, but, we'll use tax payers money to encourage you to fail again because if you do, we'll bail you out once more." Welcome to the U.S.S.A (United Socialist States of America)!
We should allow comanies; big or small to fail and learn from my mistakes. I did. I lossed money, but I didn't cry to the government to bail me out of debt. I took responsibility. I learned from my mistakes, consolidated my debt THROUGH THE BANK itself (again, doing business through capitalism). And I started another business. With the government's help comes more regulations which means fewer jobs, less productivity and results in a slower economy. As a matter of fact, there's no obligation the government has under the U.S. Constitution that states they bailout any businesses. Let the market do what the market do.
Saturday, December 20, 2008
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