Friday, December 5, 2008

Bailout Schmailout

With all of the talk on the news about government bailouts, I thought I would comment. I don't think it's fair or right that companies should be bailed out by the government. Especially when the reason they are in trouble is because of greed. Take for instance, the big three automakers in Detroit. Their corporate leaders are flying on private Lear jets to go address Congress in Washington, DC asking for billions of dollars from the taxpayers. Yet, they don't have any trouble spending $40000-$50000 on flying their Lear jets, to go cry poverty. When it would have only cost several hundred dollars to fly commercial, even first-class. And why should workers who get laid off from Detroit get special privileges such as health insurance, severance pay, unemployment and retirement benefits etc. when other people who get laid off from work don't get the same government benefits paid by the taxpayers? Is someone who works for GM any better than someone who works for Circuit City? I've heard several stories on the news about the corrupt corporate officers and how much money they're making and taking from the companies that are going belly up, yet they are crying for taxpayers to bail them out. Why? So they can go to Jamaica on a private jet? And spend money that isn't theirs? People should have to pay the consequences of their choices. If people make a bad choice, and buy a house that is too expensive for them, I don't believe the bank or the homeowner should be bailed out by taxpayers. If the bank is too greedy and gives a loan to somebody who they know can't afford it, why should somebody else have to pay for their mistake? If everybody were honest, I don't think we'd be in this pickle. That's my two cents.

2 comments:

  1. i totally agree tam, i hate even hearing about it on the news and i hope they don't get the billions of dollars they are asking for.

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  2. It doesn't seem right to me either. But like we already know, life isn't fair--never has been, and never will be...until judgement day.

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