Thursday, December 11, 2008
Senate Debate
Did anybody watch the closing speeches in the auto bailout debate? Generally not liking either party I honestly think Republicans have an upper hand in the situation. They seem to be the only ones demanding some kind of corporate restructuring attached to a deadline. Another thing, just hearing the words Car Czar coming out of the mouths of my elected politicians makes me feel very uncomfortable. I don't remember a czar being a popular American icon. The far majority of Americans do not want the auto bailout. It is a majority much greater than the majority by which most politicians win their offices by. Stop trying to scare Americans into supporting any bailout. Everybody knows that if these corporations go into chapter 11 their assets will not be liquidated. All chapter 11 means is a restructuring. Americans are not stupid and I think people are getting pretty tired of all these bailouts. Bailouts never end. How do you decide who to bailout and who to let fail? Should individuals get bailouts? State governments? Locals governments? Basically politicians are trying to scare tax payers into soothing over the tough times for people who don't need soothing. The top 1% should have never got a bailout either.
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