In God We Trust
The Emergency Economic Stabilization Act of 2008 granted over 700 BILLION dollars to failing or near-failing financial institutions who couldn’t control their budgets and is about to approve another 30 billion dollars to a failing auto industry (on top of an already paid 25 billion dollars to the auto companies for fuel economy purposes).
First of all, that’s a lot of money. That’s over 730 billion dollars this year in bailing out failing companies. What has it done for the financial industry thus far? Nothing! For auto companies whose executives still can find the resources to fly on private jets to Washington while lobbying for it. These flights were estimated to cost about $20,000 each. I don’t have a private jet; neither do most of the taxpayers being asked to shell out their dollars for their company’s survival. That’s almost $2,400 per person in America. I think we could use it more than they could. I’m not financially on the verge, in fact, I’m doing quite well. Where’s the reward for me for being solvent?
The government who can’t even manage its own budget is now in the industry of saving others from certain collapse? Ridiculous! What has big government ever brought for our country besides big debt? Big nothing!
“There is an urgent need for federal assistance -- not just for our members, but for millions of workers and retirees and for thousands of companies who depend on the auto industry for jobs, retirement benefits and revenue.” Maybe they shouldn’t be retiring at 55. Maybe they shouldn’t be getting benefit packages that costly. And perhaps, they should be asking their union for some assistance in this time of need – or whether or not they need this union at all anymore. I’m not interested in bailing out the retirement or benefits of an institution whose members and their union are partially responsible for the failing as well as their Leer-jet riding CEO’s.
Everyone’s to blame.
What ever happened to failure as an option? Whatever happened to cutting spending and executive salaries before asking for welfare? Washington could try cutting some spending in order to balance its budget as well. But don’t even mention that option.
The Democrats who profiteer off of this union’s existence (about 320,000 members) would not dare suggest the eradication of the union which provides them endorsements. Imagine that.
Ron Paul and others have suggested simply letting them fail. The consumers truly dictate the success of a company not the bureaucrats in Washington. Not George Bush either. Our Congress and Senate (and soon the Presidency) are controlled by the Democrats also have abysmally low approval ratings and is anyone really surprised by that? We have the largest government, budget (3.10 trillion dollars), and deficit of all time. Who is Washington to lecture anyone on fiscal responsibility?
We the people have been singing the same song as the CEO’s of the big 3. Only instead of money, we beg for leadership. Is Barack Obama the leader who will deliver less taxation, smaller government, fiscal responsibility, and strict constructionist values to our country or will he feed the conflagration by redistributing the wealth and supporting the bailing out of more failing industries? If I were the CEO of a company facing bankruptcy, I’d be lobbying for a handout too. While we’re at it, let’s put the government in charge of national health care also...since they’re so good at everything else.
Only then one questions, “Who will inevitably bail out Washington?” In stead of looking always to Washington, It may be time to start looking up… who else can we trust? The Washington bureaucrats have been playing God with our money for far too long. The trust of the people needs to be restored. But first it must be earned.