01-12-2009, 12:41 PM
Honestly, the bailouts were a terrible idea alltogether. The government doesn't even know what was done with the money for the financial bailout, they were just way too eager to give the financial companies money to stay afloat because a lot of Gov. officials have their pockets attached to said financial institutions. They are putting more restraints on the auto bailout, but it is just as equally a bad idea, because bad business got the auto industry where it is today, and a little more money is just like putting a band-aid on a severed leg and hoping that it will stop bleeding. Businesses that close because of bad business open doors for other like businesses to take their place, it is a natural cycle.
Sure, you will whine to me about all the jobs lost and such, but there would be jobs at other factories that would open up to take the place of the failed ones. Jobs would be available there, the only difference is the union wouldn't have jacked the pay and benefits up so high that workers are making more than what is reasonable compared to quality and quantity of work.
Someone might say, what about all the people that would lose their homes if not for the financial bailout. I would say, it should be up to the financial institutions that encouraged the people to buy houses bigger than they could afford, to remedy. Be it re-write mortgages to have less of an interest, so that people can pay the principle and the only people that get screwed is the financial institution that knew what they were getting people into.
/rant
Sure, you will whine to me about all the jobs lost and such, but there would be jobs at other factories that would open up to take the place of the failed ones. Jobs would be available there, the only difference is the union wouldn't have jacked the pay and benefits up so high that workers are making more than what is reasonable compared to quality and quantity of work.
Someone might say, what about all the people that would lose their homes if not for the financial bailout. I would say, it should be up to the financial institutions that encouraged the people to buy houses bigger than they could afford, to remedy. Be it re-write mortgages to have less of an interest, so that people can pay the principle and the only people that get screwed is the financial institution that knew what they were getting people into.
/rant