Bankruptcy is Better than Bailout

Expectations are that the overall unemployment rate will rise from 6.5% to about 8% with the next year as the economy slows down. It's a number that changes from month to month for the 50 years or so they've been tracking it. No doubt it's higher than it has been in 15 years or so but it's not the highest it's ever been and, right now, not that much higher than in other recent high years.

Having these fact and understanding what it means and pursuing the proper solution are entirely different things.

Saying "unemployment is rising" and so therefore we must "bailout the big three" does not make the bailout the proper approach.

One, two, or all three of the big three going bankrupt is not going to put everyone out of work - not even among those who work for them.

If there's a demand for automobiles someone is going to fill that need and that someone is going to need workers. That's the real incentive for the jobs and government can't create that.

Maybe there's not room for all three of the big three in today's market unless they - investors, owners, managers, workers, unions, etc. - are all willing to make some big adjustments.

 

We don't need the government to "protect their jobs"!

Jobs are owned by the employer. Skills are owned by the employees. Employers need employees when they have work they want done. Employers want work done when they're trying to make something to sell that someone else wants to buy.

It's all about the exchange of goods and services - not government "protection" of jobs!

Let people keep more of the money they earn and they figure out ways to spend it on stuff they want or need.

Let other people invest in businesses to provide what people want and need.

Let the drilling, the digging, and the cutting happen and that would do more for the economy than any government bailout program to "protect jobs"!

 

People who want jobs have to develop the skills that are needed for the jobs that are available and they have to go where the work is needed.

That's why "protecting jobs" doesn't work either by unions or by government. It only prolongs the ultimate death of non-productive over-priced and inefficient jobs and the industries that employ them.

Take a tour through the rust belt to confirm it!

 

This is a perfect example of the new justification now in place. We gave "them" so now we must give "them" also. Such an approach will never end. We shouldn't have given any of "them" anything. If you wonder where the AIG money went you will only be wondering that much more where the GM, Ford, Chrysler, and "who knows who" money went. We need to stop the foolishness now and undo as much of the past foolishness as is possible.

 

They're asking for money from the federal government which will only get it out or our pockets. When you or I want to borrow money we go ask a bank, credit union, or perhaps a more wealthy relative. The banks and credit unions want a reasonable return for the risk they take. We don't go hammering on our neighbors doors demanding a bailout to cover our mess.

 

Ironic! Some claim absolute "separation of church and state" and then suggest Christian principles should apply to what it does!

The government was not created to be a big charitable organization that takes care of people form cradle to grave!

We are free to provide all the help we want to our fellow man through a very large number of charitable organizations, churches, interested employers, and as individuals. Go for it! We will be much more effective in such manner than any person from Washington could ever hope to be.

 

Government "red tape"! The same government "red tape" that will make a mess of any bailout.

 

Not if they get busy and find new jobs which is what self-reliant Americans have always done.

 

"Religion is the basis and Foundation of Government." - James Madison, 1785


“We have staked the whole future of American civilization, not upon the power of government, far from it. We’ve staked the future of all our political institutions upon our capacity…to sustain ourselves according to the Ten Commandments of God.” - James Madison, 1778


“God governs in the affairs of man. And if a sparrow cannot fall to the ground without his notice, is it probable that an empire can rise without His aid? We have been assured in the Sacred Writings that except the Lord build the house, they labor in vain that build it. I firmly believe this. I also believe that, without His concurring aid, we shall succeed in this political building no better than the builders of Babel” - Ben Franklin, 1787, Constitutional Convention

"For my own part, I sincerely esteem it [the work of the Constitutional Convention] a system which without the finger of God, never could have been suggested and agreed upon by such a diversity of interests." - Alexander Hamilton, 1787