The place we have gotten to financially is a bit sickening to tell you the truth. It seems that everyone is inept at managing their own finances and now believes that the US Government is the savior of all. When it came to solving the credit crisis, I got it. I mean it turned my stomach to put together a package to bail out wall street however it is the ability to issue loans and provide financing to American companies that is the oil in the engine of the US economy. Then we heard about bailing out Main Street which is now harder to understand. It seems that there is now a way to live in your house for free. Essentially, you just stop paying your mortgage and the government will let you live there for free. Apparently more and more Americans seem to think that defaulting on their mortgage will not have long term credit ramifications- if enough people do it all at the same time. This is getting ridiculous. I refuse to let my tax dollars be used to keep people in their homes when they should have been more cautious in the first place. It is time to man up America and take accountability for your actions. Stop asking for hand outs!
The latest in this cycle seems to be the big three US automakers. In principal, they want a loan of $25 billion to make it through the tough time. And then what? And then they will start producing fuel efficient cars? And then they will start to compete with Japan? And then there will be hybrids instead of Hummers? The big three auto makers should be dealt with my natural market forces. if you build a better mouse trap, you win and if you build Hummers and Expeditions when gas is $4 a gallon you lose. I do have compassion for the millions of people that will be out of work because of this however I believe that $25 billion in unemployment support is a better use of the money. It supports the taxpayers themselves and not inept management. The big three automakers have products that are not competitive on a global scale, have inferior quality to Japanese and European cars and waste energy. It does sound harsh but is this an industry worth saving?
The latest in this cycle seems to be the big three US automakers. In principal, they want a loan of $25 billion to make it through the tough time. And then what? And then they will start producing fuel efficient cars? And then they will start to compete with Japan? And then there will be hybrids instead of Hummers? The big three auto makers should be dealt with my natural market forces. if you build a better mouse trap, you win and if you build Hummers and Expeditions when gas is $4 a gallon you lose. I do have compassion for the millions of people that will be out of work because of this however I believe that $25 billion in unemployment support is a better use of the money. It supports the taxpayers themselves and not inept management. The big three automakers have products that are not competitive on a global scale, have inferior quality to Japanese and European cars and waste energy. It does sound harsh but is this an industry worth saving?
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