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my problem with bailing them out is -

Posted By: Amanda on 2008-11-19
In Reply to: I have a hard time with bailing - Chele

I don't see the money going to the people who worked hard. The money is going right where the money has been going, back in the pockets of the upper management. They are not planning on making changes - they are planning on doing more of the same and therein lies the problem.

I am all for helping people who need help - but I am not for bailing out businesses so that they can keep making money on the backs of other people.


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Well, I'm not in favor of bailing out
people who bit off more mortgage than they can chew.  Assuming they could read, they should have read the fine print.  If they agreed to buy a house for a price, then they owe that amount of money plus interest.  That's the way it's always been.  I think the governmennt is focusing on these "bad loans" to take the spotlight off the real people...those who bought a house they could afford, have made their payments and now many are faced with losing their homes because of losing their jobs.  Those are the ones who get my sympathy.
Nooo....we are not bailing out the world...
they just want us to stop the bleeding here, so the bleeding will stop there. We are not putting money directly into their markets. Where all our money is going is to buy up all those bad mortgages that Fannie/Freddie sold to everybody and their dog, to get them off banks' books so more banks don't fail...snowball effect.
I have a hard time with bailing

them out, but when I think of my mother who will lose my late dad's pension and her medical benefits.....I can't help but push for a bailout so my father's hard work of 35+ years wasn't for nothing.


I personally feel that this is a combination of things.  These companies made bigger vehicles and trucks because that is what people wanted to buy....that is until gas prices went up and that changed.  I believe management there hasn't been the greatest and I truly believe that unions and the money spent on them has really caused this downfall. 


However, I must state that it seems to me that some of the same people who professed to vote for Obama and had no problem with robbing from hard-working Americans to redistribute that wealth to others.....so why now are some of you so he!! bent on letting the automakers go belly up?  Wouldn't it technically be redistributing wealth to help keep millions of Americans in their jobs?  I just find it ironic that some people say we should give our money to less fortunate and yet scream and yell when their money could go to saving millions of Americans jobs.


This thread is about bailing out illegals,
but I don't agree with bailing out the banks and CEOs either.