That I am really, really, really against the bailout...
It was bad when the US government first announced the $700 million bailout for financial institutions, and now, they want to bail out the automakers.
It's not like anything I say is going to change what the government is eventually going to do, but I just need to vent...
Michael Moore had this to say yesterday on CNN's Larry King Live. Michael Moore is sometimes controversial but I think, truth hurts and that's what makes him controversial. When you click on the link, you will also be able to watch his interview with Larry King.
Here's yet another group of people who don't feel a auto bailout is necessary.
From the above article:
"I don't think they should bail them out because ... obviously something's not right in the way they're running their business, and why should the American people have to bail them out if they can't figure out how to do it right?" September Quinn, the busy waitress, said after the lunch rush at the Inn Between.
It really doesn't take a PhD to understand that a business fails because it is not run right.
AND THEREFORE, IT SHOULD BE ALLOWED TO FAIL.
GM, Ford and Chrysler sat on their asses for YEARS. Their Unions prided themselves as the strongest unions in the US for YEARS... and we are now at this point. They have enough cash to last till the end of the year. Well, spend it wisely and say bye bye...
Yes, I am completely against any kind of bailout. My good friend owns a restaurant, if his business were to fail today... who is going to bail him out.
THE ANSWER: NO ONE.
So, just because a company's failure is going to affect hundreds of thousands of people doesn't make the reason for a bailout any greater. Why should the smaller businesses be treated any differently???
But in the event that there is a bailout... THERE HAS TO BE VERY TIGHT CONTROL. Otherwise, you might as well just be giving the money to the people in line at the Missions.
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