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Companies wanting bailout funds are Disingenuous

Discussion in 'Political Debate & Discussion' started by Thinkingstuff, Nov 12, 2008.

  1. Thinkingstuff

    Thinkingstuff New Member

    May 14, 2008
    Likes Received:
    We live in a capital based economy. Companies constantly rise and fall in the markets. Succeed or fail. Our CEO and other C executives as well as government programs betted on growing wealth by the indepbtedness of americans. Intrest only loans, high interest mortgages, Balloon mortgages, all of them are bad. then to make matters worse they insured these bad loans and built another investment vehicle that acted like insurance but wasn't and then traded on that. A house of cards really. It has fallen. let the economy take the hit and colapse something a new economy will re-emerge and those who have made the bad choices will be duely compensated. Now we're bailing them out financial institutions, auto manufacturors, its artificial. how many CEO's derrided people who've made bad decisions in their lives and payed the consequense living off of welfare or on the streets? Now they are in the same boat with their hands out. To what end? Govenment owned industries? yeah like thats going to work. I'm ticked off. We've moved manufacturing oversees. We've gotten in bed with China that doesn't play by the rules. We've sold out our educated and trained people to move in foriegners from India, Africa, China, and other countries to replace them. We let our infrastructure go and we are reaping the consequences. Let the markets colapse. At least it would be honest and would allow a rebuilding of all the above. Hard times yes. but we would succeed. Now we're owned by the government and we will be no different than Europe. Except with higher taxes.