Bailout logic

So, let me get this straight: You approve, without review, almost a trillion dollars to bail out the financial companies who created this mess to begin with, and who need the money to cover their bad mortgages. That, you have no problem with. But when the Car industry, whose existence fuels almost 3 million jobs, whether in factories, service centers, support industries and the business that depend on those businesses, only requires 34 billion, you say no, cut the amount in half, and then start to fight even over what little you intend to give them? So money to pay off your friends' debts, ok. Money to save US jobs, no?

Comments

  1. The bank bailout is bad, but someone could say justifiable, because without banks the economy would stop like a motor without lubrificant.

    The bailout of the 3 Bigs Car makers is bad, and not justifiable.

    People don’t solve problem throwing good money after the bad.

  2. I suspect this has something to do with lobbyists desire to get rid of unions. Why else would they approve, 3 times, over the weekend, without media coverage bailouts for banks but subject us to copious media coverage of car company failings during the week?

  3. Due to the uproar the financial industry bailout caused, the auto industry had to face the inquisition. Should they have come first things may have been different. Oh, and the good ol AIG boys throwing that party after requesting bailout didnt help either. But if you look at the big wigs of the financial industry you will see they have connections to our beloved politicians. So yes, they bailed out their buddies, didnt call for restructuring or terminations, permitted them to keep their platinum parachutes and royally “scre*&d” the American public. The rhyme and reason they used to sell this to us was flawed but obviously our voices werent heard as they got bailed out and the rich stayed rich but our taxes and hardships increased. It is time to rethink and revamp our systems as even democracy needs tweaking. I have to get back to work now as my representatives voted for me to support some ivy league millionaire’s frivolous spending!