Bail Outs

I’m not a fan. I kind of somewhat supported the first bail out only because the intent was to give lenders money to lend to consumers. I’m starting to rethink my stance on that one though, especially now that this auto bail out is on the horizon. Instead of giving money to corporations which have proved they cannot generate their own revenue, why not give those billions back to the tax payers who paid them? Put the money back in the hands of consumers and if they choose to buy an American car, they will. Let the auto makers file for bankruptcy and restructure their organization. Let them get rid of the unions which have a huge hand to play in the the industry’s failure.

I know there are jobs at stake. Millions of jobs. But it’s not the government’s responsibility to ensure each person has a job and keeps that job. That’s your responsibility as a human being. If the government would take that bail out money and refund the taxes we’ve all paid in, then the unemployed auto workers could have some cash on hand to last them until they can find another job. We already have welfare other social programs in place to help as well.

I also find it amusing the GOP is changing its stance on the bail outs. Sounded good when you were trying to get McCain elected, huh? Doesn’t coincide with your core principles now, does it? Pathetic.

This entry was posted on Tuesday, November 18th, 2008 at 11:12 am and is filed under Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.