So we've all seen the news about the bailouts of the finanical sector of the county. This was pushed through the Senate and Congress because it was absolutely vital to saving the economy. At least that's what they told us taxpayers to justify using our money to save these companies. If this is the case, WTF? I read this and thought, REALLY? For SERIOUS? If you, me or any other Joe-schmoe tried this even with our household budget, we'd be up a creek. But apparently you can do this with billions, billions, of money that doesn't belong to you. Also, you can be totally rewarded for being completely incompetent. 'Tis the American dream right?
What is wrong with this picture? I was always taught that if you did a good job, you should be rewarded. If you did a poor job, there would be some sort of negative reinforcement. I'm no economics genius (having only taken one economics class in high school) but I'm pretty sure if you sucked so much at your job that you needed a government bailout, you should probably be fired, not get tens of millions of dollars in bonuses. Now all us hard-working, non-criminal types will have to pay for this mess. And we'll keep paying for stuff like this until it gets fixed. My suggestion? I say we clean out all these big financial companies, find out who they lobbied to get all this help and get rid of them because they obviously didn't think this through as there were little to no oversight or regulation on how this money was to be spent. Ridiculous!!!
Is it just me? at life.sa.laugh@hotmail.com.
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