Friday, December 19, 2008

To Bail or Not To Bail

To Bail or Not To Bail? That is the question.

I've been on the fence about bailing out the "Big Three." On one hand, I feel that if a company doesn't know how to run a business effectively, then they don't deserve to have that business, and that they should fail. But on the other hand, I think about all of their employees. What will happen to them? And what this will mean to our country's economy overall if they do fail. I'd hate to see our country inching closer to a depression because of companies that don't know how to take care of business. And equally scary, is the closer to socialism this country is getting.

So, do we bail out the big three, and possibly save a lot of jobs and avert a depression, or do we let them fail and hope for the best? I don't know. Its a terrible predicament. What do you think?

With all of these bail outs, the financial industry, the automotive industry, individual states requesting money, etc. I wonder, who is going to bail this country out? This country is in a mess of its own. Can we afford to bail everyone out? Eventually, we are going to be the ones who will need bailing out. Who will bail us out when the time comes?


Liam Alexander said...

It is a difficult dilemma. Bail outs might help employees to keep their jobs but a disproportionate amount goes to executives; workers' money subsidising the rich. (Sorry if I sound like a socialist!)

What I wonder is where does all the money come from? Is the US govt. just printing more money to cover these things? Doesn't that lead to inflation and even more economic trouble?

Stunatra said...

Yep, they're printing the money out of thin air and destroying our dollar while they're at it.