This was sent to me and I thought it very appropriate concerning our current situation in our economic situation. I am speaking specifically to the 3 big auto makers in this country, begging, yes begging, for a bailout. I don't think we should give it to them. I say, let them fail. That is what a capitalistic society is all about; businesses fail all the time.
And don't get me started on the government bailing out citigroup today (and adding another $800 billion to our deficit by opening up more 'bailouts' for other companies). ENOUGH IS ENOUGH. Let them go. Let them fail. We will survive! It won't be the end of the world! Sure it will be rough for a bit, but we cannot keep this up. We are digging ourselves into a deeper and deeper hole from which we may never come out of; and it's just plain no good for our country to keep bailing out these companies/banks/mortgage brokers etc. Let them fail; let them all fail.
If they want to 'stimulate' the economy; take all of those billions of dollars that they have given to these companies (who some are spending the money in unwise ways: read, parties), and instead give it to us, the tax-payer in the form of a rebate check. I know that there are plenty out here who could use something like this instead of it going to these big corporations who will probably end up belly-up anyways. That would stimulate the economy in a good way, instead of these bailouts that aren't doing anybody, any good (except maybe the fat cats that are just getting fatter).
Anyways. I thought Ken Blackwell's column had some good insights, so I thought I would share it with ya'll.
LIBERTY
"I was always taught when growing up that when you reward bad behavior all you get is more bad behavior. From the mortgage meltdown to the automaker debacle to cities and states going under, it's all bad behavior. It should not be rewarded. The problem here is that our culture of debt -- both personal and corporate -- has created a culture of dependency. Everyone is calling out to our central government to give them money. And horrors of horrors, many are willing to let the federal government take ownership stakes in these entities and have a hand in their management. That is the road to socialism. The first step to ending the culture of dependency is to tell these corporations, cities and states they need to start taking responsibility for their actions by dealing with the consequences they have created for themselves. If not, then we could accumulate a national debt that even our grandchildren will never pay off."
--columnist and former Mayor of Cincinnati Ken Blackwell
Pray for our country. We need it now more than ever. And pray for our leaders, they desperately need it. May God continue to bless America and may He have mercy on us as a country; we need it.
Peace.
3 comments:
with no plan of how to pay back the bailout our government is about to become a car manufacturer and thats a shame, government has trouble making budgets on the money we give them, you think they can do a better job at making cars?
I agree. I don't think the government can do any better in the car business than they have in anything else! We are sliding very quickly down a very slippery slope, like Ken said in his piece, right into socialism.
I don't know what the right answer is for all of this, except to let them fail. The alternative is much more scary and will have much most long-lasting effects.
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