we're going to put our foot down: no more government bailouts.
you're a business. you're a stockholder. you're a ceo. you're supposed to have half a brain cell flickering in your head. you make bad decisions, you make bad investments, you lose. you do not get to raid our social security fund or borrow money from china for our children & grandchildren to pay back. you play the game and you take your chances. nowhere is it written that you play and we pay.
the big 3 automakers are just the latest in an endless line of leeches lining up to dip their beaks in our wallets, blaming the economy for their own malfeasance, stupidity, and outright fraud. they built gas-guzzlers and we suddenly decided that we wanted cars that don't cost the national debt to fill up. is that our fault? hell no!
so watch how your members of congress vote on each of these bailouts, and whether or not they accept campaign money from any of these companies, bearing in mind that the national debt hit us$407 billion this year, and the gao expects us to hit a record high of us$438 billion next year. china doesn't have to beat us, folks. they've already made the downpayment.
our solution: let the market perform what greenspan used to call a 'corrective action'. that is, let failing businesses fail. our economy is supposedly a free market system, not socialist, right? so let the market equivalent of social darwinism run its course. a lot of crooks & idiots will lose their shirts, we'll get to keep ours, and we'll all be a little smarter in the morning.
