The election is over and Obama is working on transitioning into the White House. The day after the election, everyone and their mother offered support and encouragement to support the new President. As for me, I'm an American and believe in the American system of government. I don't agree with a lot of what Obama stands for, but I do stand behind our system and therefore, our President.
That being said, I'm already frustrated with what I'm seeing. Pelosi, Reid and Obama are trying to push another "Stimulus Plan." This plan involves giving money to governments and municipalities. What kind of stimulation will that create? It sounds like more of a bail out to me. I just don't agree with the pattern that our government has been taking. First, it was the banks who managed themselves like shit. We bail out their irresponsible behavior and piss poor management. Now, we are looking at giving money to municipalities that most likely, don't run to efficiently. The latest news has us throwing money at GM. Are you kidding me? The airline industry was forced to go into bankruptcy, even after some government assistance. The government loaned money to the airlines at a high interest rate. This temporarily kept them out of bankruptcy, but, with the exception of American and Southwest, all the majors went through bankruptcy and the came out on the other side with less debt, more efficient and with more affordable labor contracts. Why are we going to bail out GM for their piss poor management? Obama is suggesting taking some of the 700B bailout plan and giving it to GM so they can flush it down the toilet and manage it poorly. Is this the kind of "Change" that 52% of the country voted for?
Obama Supporters....I'm listening. Please explain why you believe this patter of preventing failure will be successful?
This country and capitalism for that matter is: The freedom to succeed comes with the freedom to fail. Bankruptcy is not fun! I know as I've survived it one time during ATA Airlines' first trip through it. However, it doesn't mean that the doors have to shut and the world comes to an end. Many companies have gone in and come out far stronger. GM is not immune to being able to doing that.
Or, maybe we just need to fear failure so much that we as a nation, go bust in trying to prevent the actual failure of failing business.
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The folks over at AIG would be in a much stronger position, today, if they had filed for bankruptcy and restructured.
Instead, our government continues to throw our money at AIG!!! And they are having a PARTY!!!
This is a messy mess... but let capitalism prevail!!! If a company fails, then it fails... that is the American way!!!
What are we going to be bailing out next??? The has quickly become a very scary situation!!! And there is plenty of blame to go around... on both sides of the aisle and in the business world!!!
But let the businesses fix themselves... keep the government and our money out of it!!!
The decision makers in our government have said "these institutions are too big to fail." If they are too big to fail, then they are too big!!!
What pains me is the fact that these decisions are coming out of a republican administation... insane!!!
I dream of a day when the republican party represents conservatives, again!!!
Have we reached the point where conservatives must leave the Republican Party behind and create a Conservative Party?
I used to be proud to call myself a Republican as I am a conservative. Now...I don't know what the hell the Republican Party stands for aside from the party who tries to please everyone. Those who try to please everyone will always fail. Kind of like GM if you think about it!
I believe our Government needs to bail out Sirius/XM. This industry is hurting and is possibly nearing its end...
We Must Come Together And Save Satellite Radio!
Together... Yes We Can!
I wish Barack could become President today, and not have to wait until January!
He is going to come in and clean up this mess!
Did everyone remember to Thank Barak for the sunrise today? What about praying to Barak in thanks for the lunch you ate?
It just keeps getting even better...
Post office $2.8 billion in the red
This is the closest our government can come to running a business successfully!!! And we want it to take over healthcare???
Think about this... It is against the law to compete with the United States Postal Service for regular mail delivery. They have made it so there can be no competition!!! And they are still nearly 3 billion dollars in the red!!!
Now it makes sense that our government believes that all you have to do is throw money at a broken system...
Please bring back our free economy!
Bail Out The USPS!!!
I believe we've seen what happens when the government bails out an industry. Look at Amtrak. That is a prime example of poor management and waste. Don't tell that to Biden though, he thinks Amtrak is just great!
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