Thursday, November 13, 2008

Bailout Fatigue

I don't know about you but I'm getting pretty tired of all this money being thrown around. Now they want to bail out the auto makers? Umm, GM was going under before the melt-down so why exactly does the government feel like they should give them a loan? I understand the job loss and such but if they can't make money then how is throwing more money at them going to help?

I'm also annoyed because AIG has set aside 6 million dollars for employee bonuses! And they were supposed to list where all this money was going and have yet to do so. And the banks that have been given money so far are just sitting on it. And NOW they are saying that instead of putting money in into housing they are going to give more money to the banks to stimulate loans. Hello? Who has enough credit left to get a loan? If you still have that credit then you don't need a stinkin' loan. Keeping in mind that it is not the governments money they are giving away...it's tax payer money. Where does it end? We already have different States wanting money from the government because of their own financial issues.

This bailout was a really really bad idea.

7 comments:

Mom said...

Hey, In my opinion, I think the 'bail out' should go to the people. If the government would get us out of debt....wouldn't life be so much easier?

Christi said...

Yes! My debt is WAY less than GM's. :D

I just can't understand why we don't have more control over what these companies are spending OUR money on. Christmas bonuses? I don't think so! Ugh.

Mom said...

Well---you can rest assured that if Walmart gets any 'bail out' money, it sure won't go to the employees (maybe management tho).

Casey said...

Like Wal-Mart will ever need to be bailed out. They will have millions even when the rest of us are eating dirt and begging for pennies.

Nikki said...

Don't MESS with the BEST cause the BEST don't MESS don't FOOL with the COOL cause the COOL don't FOOL.

That's all I have to say about it.

Lisa @ The Preacher's Wife said...

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Mom said...

Ok....it must be time for me to go to bed when Lisa starts sounding like Nikki---snicker!