Wow, this has been an eventful time for the American taxpayer, hasn’t it? Those of us in the Gulf, started to get our power back to find out that the economy was in more of a mess than it even was in before we greeted Ike. The government is planning on spending a few thousand dollars per tax payer (makes the rebate seem puny, huh?) to bail out large financial companies. So is the government bailout a good thing?
Pros: If the AIG gamble succeeds, we can prevent more financial disaster, and even turn a profit. The “experts” also contend that AIG is just too big to faile, and a collapse will cause a worldwide problem.
Cons: Oh My Gosh! Nobody is knocking on my door to bail me out if I fail. I will get to live under a bridge and panhandle or go get a “real” job or something. Does this action prevent the companies from examing the actions that brought them to this mess. And why do we keep bailing out these large companies and ignore kids without health insurance or foreclosures?
Comments?
Who Did the Bailout Help
