I should not need to remind anyone, but the following is my own opinion.
You mess with nature, you reap the storm. Survival of the fittest. If a company is going down, they need to go down. Bailing them out will not teach them anything. If we give our kids everything, they will not learn to earn it on their own. How many more cliches need I quote? Bailing out private companies just sounds like a bad idea all around.
My wife pointed me to the site of our good friend Dave Ramsey who says it all a lot better than I ever could.
Years of bad decisions and stupid mistakes have created an economic nightmare in this country, but $700 billion in new debt is not the answer. As a tax-paying American citizen, I will not support any congressperson who votes to implement such a policy. Instead, I submit the following three step Common Sense Plan.
3 thoughts on “The Federal Bail-out is a Bad Idea”
Glad to see you comment on this, what a mess, isn’t it? So as not to litter your site with my comments this time, I’ve posted them on mine :-p
Excellent article Velda! Thanks for sharing that one. Hopefully others can learn from your experience. Oh, and I think you are doing a great job on your house.
Thanks Jonathan 🙂 Maybe one of these days I’ll post some before pictures, once I can get ‘after’ sorted out