Tag Archives: bailout

I oppose the $25 billion bailout

Congress wants our opinion on the requested auto industry bailout.

The big three automakers say they need $25 billion in emergency short-term loans to avoid bankruptcy. Opponents say we shouldn’t reward poor management. Some in Congress say if we do provide loans we need to attach conditions such as environmental regulations or management changes. Tell Congress and President George W. Bush what you think.


Continue reading I oppose the $25 billion bailout

The Federal Bail-out is a Bad Idea

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.

Check out the Dave Ramsey Common Sense Plan.