Republicans Get It Right; Auto Bailout Fails
// December 12th, 2008 // 2 Comments » // ECONOMY
There will be no bailout for the Big Three automakers thanks to the Republicans. IT’S ABOUT TIME! Finally, someone had enough sense to say NO! Since the $750 billion dollar bailout (which has in my opinion failed) companies across America want a handout as well.
It’s okay to let a company fail. That’s what leads to better companies. If you continue to give money to these companies so they can float by and not correct their mistakes you are only encouraging failure. If I under perform at my workplace I don’t get a raise for the poor performance. I get shown the door.
These bailouts are making our country weak and it’s people dependant on the government rather than self-determination and will. We don’t need a car czar, we need responsible CEO’s. We don’t need hybrid cars, we need less CAFE standards. We don’t need more government, WE NEED LESS.
Will the stock market react poorly? Yes, it’ll be bad. We will rebound though! These bailout addicts forget that this is America. We are at our best when the outlook is bleak.
Do I feel bad if people lose their jobs. Yes, but I don’t think it will be as bad as you may think. The bailout didn’t pass today, but it will be voted on again after the New Year. If it comes to it Bush may make good on his promise of using the TARP funds if the bailout doesn’t pass.
