Monday, November 24, 2008

The Big 3 Bailout

The topic seems to be fading in and out of the media recently, especially today with with the new bailout for Citigroup

Was there even a vote or a debate on bailing out Citigroup? Wtf is going on here?!

This is beyond a heist, this is pure corporatism at it's peak!

Instead of the question of being " What else do we have to bailout " it seems it's heading towards " Who doesn't need a bailout? "

This is disgusting and is pushing us into the inevitable depression. The difference is, 1929 did not have 80% of what we have today. From entitlements, foreign policy maintenance, domestic policies, etc.

And Obama want's to give a few hundred bucks back to the people for the people giving up hundreds of thousands from their pockets. What a smack in the face that is.

Below are 2 part videos of Peter Schiff talking about bailing out the big 3 automakers from heading into a bankruptcy and how ludicrous it really is.

Put this note in mind, the government doesn't make anything to give anything. What they can do is transfer wealth. Tax one group and give to another.

You might say " The big 3 need the bailout because millions will lose their jobs! "

Right, and the people paying for the bailout aren't already breaking their backs and pockets to just stay afloat during this crisis?

There is no easy answer but only common sense. You create a business, you take on the risk of employing good or bad people, succeeding or failing. To think that you should have someone to hold you hand isn't a business but a training.

The purpose of truly free market capitalism is to succeed and fail. Even in life, you become the person who are destined to be through success and failure, learning from your failures and becoming a more careful, observant intelligent individual.

Bailing out is doing more harm than good in the end and we should NEVER reward failures.


1 comment:

  1. Cheer up citizen :) It's not all bad. Most people don't realize how much money there is out there. During economic times like this, there is more money to be had than ever. Because of the bailouts and economy, lenders are bending over backwards to bail you out too. Believe it or not, there is people getting tons of cheap money nowdays to start businesses, buy homes, pay off debt, and more. Bailouts for Everyone