Sunday, September 28, 2008

Bailout, HELL NO.

Why would I be for a bailout of businesses that have a bad business plan? Why bail out these businesses when many other businesses have failed without government help.

I worked for Cornice in Colorado they failed and no one offered to bail us out. I simply had to find another job.

I lost a house in Oklahoma when I lost my job due to corporate downsizing. Twelve weeks of unemployment, that is less than one tenth of what I had been making, is certainly not a bailout. In fact the Government fined me for using my 401K to make ends meet. I am still paying that money off 5 years later. Quite the opposite of a bailout.

And now the idiots in charge want to use 700 BILLION to bailout companies I cant give a damn about. They had bad business plans executed poorly. Why would we bail those companies out?

They will print up this money making your money and mine worth less. they will give it to their buddies in those failing companies who will in turn layoff many of the workers as their plan to fix the broken plan they will give themselves raises from the money they saved by laying off the lower levels. then in no time they will retire letting the succeeding failure be blamed on their successors.

If they were left to die now the people who loose their jobs would find others perhaps the upper management would not but then they are the reason the companies are failing anyway maybe they need to take "menial" jobs like the rest of do. Maybe actually working for a living would give them a more rounded perspective.

Let them fail. Others will rush in to fill the void. Smaller companies which are run by people who work harder and are not simply asking for legislation to prop up their poor business plans will prosper. This is business Darwinism. Pull the plug they need to die.


Perhaps it is time to throw the tea into the harbor again.

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