Bailouts? Why Not? All The Kids Are Doing It!!!
November 30th 2008 17:25
"All of us around the table take this issue very seriously and we know we've got to get something done as quickly as possible."
~43rd President of the United States George W. Bush
~43rd President of the United States George W. Bush
"I must tell you, there are those in the public debate who have said that we must act now. The last time I heard that, I was on a used-car lot," "The truth is, every time somebody tells you that you've got to do the deal right now, it usually means they're going to get the better part of the deal."
-~Mike Pence, R-Indiana
-~Mike Pence, R-Indiana
When discussing issues that grab at the heart of each and every American I would love to sit here and parlay the nuances in a clear coat of black & white paint or to at least group the characters who brought us to the dance into camps of good and evil to lay a road map of how we must proceed as a nation to avoid repeatedly tripping over the same road blocks…
That would be "easy" and the mess our nation is in is far from anything resembles simplicity.
Doing the "easy thing" is the villain that took our country by the hand and brought her to ball and now we're left on the sidewalk missing our glass slipper wondering what happened to Prince Charming.
Prince Charming is at the Congressional ATM taking bailout money to retool his broken business model that was centered on fleecing Americans out of their hard earned money.
The thing that makes this whole issue of "bailout's" so hard for me to grasp is the sheer audacity of a corporation running an evil empire which not only had the end result of bottom lines falling to the floor but also put millions of Americans into the spiral of debt and depravity and than turning around and grabbing the tin cup asking the people who are representative of the same Americans whom they fleeced to give them more money to continue their business practices.
The sad part about this whole situation is the fact that these companies are going to more than get away with it because the ultimate problem will never be addressed. Our lives as Americans are centered on these Banks & Mortgage empires and letting them fail is simply not an option.
Their failure will only lead to our demise as a society because of the system of debt we use to spur our markets and function as a society.
While it makes me queasy to see that Citigroup is getting yet another blank check from our broken system of government and I understand the necessity of the situation I must also shed a tear for the Americans that have suffered heart ache at the hands of these credit card companies. The problem simply goes beyond people living outside of their means and hits home to Main Street and the issue of predatory lending.
I truly got what I asked for a few short months ago when I screamed at our government to come together in finally doing something to throw water on the financial fire that was emerging into the public view.
However asking our government to think past their own self interests and do something for the greater good of the nation is simply opening Pandora's Box. The only thing our government can work together on is the structure of blank checks to the wrong people and now the characters are coming out of the woodwork to the soup kitchen to get a piece of the pie.
The bottom line is that no matter what our government does now it is simply too little too late. The warning signs were in place as far back as the presidential regimes of George HW Bush & William Jefferson Clinton but the argument was always framed as it's the other guys fault or it's the just the ebbs and sways of the market..
It turns out the paranoid conspiracy theorists like myself were right all along and the issue isn't whether our current track of throwing money at the problem is right answer or whether the extreme view of letting people go out of business is the best solution but rather whether we want to continue to reward industries that rely on other people's misfortunes for profit and allowing them to continue to do so.
In the aspect of the current situation with the auto industry, it's hard for me to find remorse for an industry that had every opportunity to change business models over the years to become a profitable industry.
What absolutely blow's my mind is the facts around the companies who invented the auto industry not having the foresight to simply keep up with the new global market place. The time was ripe decades ago for the "Big Three" to be at the forefront of hybrid, alternative fuel technologies and "greener" driving but they chose to appeal to the market of earth polluting bigger Trucks and SUV's.
In a sense of karma it was almost fitting to see these Dinosaurs fail and there's not a person who can say they didn't see it coming. Companies that don't bring new and innovative ideas to the market place don't deserve a hand up but rather should pay for their lack of vision just like other American automotive companies hanging in museums now or ones that were gobbled up by the big three over the decades.
The tragic part of these companies dieing off isn't in the companies failing or American pride but is in the aspect of the surrounding areas that feed off the auto industry and the companies they work with.
This would be a tragic thing but I can't see a blank check fixing the problems that are in the mentality of their board rooms where the "real" problem lies. If we're going to give them money to simply continue operating we should also write blank checks to all of the companies that line the hallways of malls across America that are going to shut their doors after the holidays.
Any money going to Detroit should be strictly for the development of affordable, Eco-friendly vehicles that resemble vehicle models that are on the road today.
Plain and simple, this is the only way to bail out Detroit and possibly do something to save the Earth as well.
It may be too late to do the latter but when it comes to our tax dollars being thrown around to CEO's who fly to soup kitchens in leer jets…
I want to at least see a back end that goes beyond them avoiding the lay off of workers to simply keep their lifestyles
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