RSSShould the US Government Stop Dumping Money into the Hole?
World leaders at the G20 financial summit are meeting this weekend in Washington, DC have pledged to work together to restore global growth.
As Congress contemplates more and more bail out packages for companies who refuse to change and adapt their business models and practices and as more and more industries get in line for a tax payer bail out The Onion asks … Is it time to close the National Money Hole?
(Hat Tip: The Jawa Report)
In The Know: Should The Government Stop Dumping Money Into A Giant Hole?
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12 Responses to “Should the US Government Stop Dumping Money into the Hole?”
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If the gov’t wants to bail someone out lets start with the retirees retirement fund which the market is destroying…
Yes the government needs to stop bailing all these companies out that mismanaged their business. We are in the hole enough already.
Awww, but if we don’t bail ‘em out, what will the CEO’s do for a living, honest work?
Who in their right mind would hire them, seeing what they did to the companies they left behind them, like Sherman’s march to the sea, as it were.
That is precisely the reason that we must protect them with golden parachutes, so they can at the very least make ends meet. C.mon guys ‘n gals reach the bottom of your(and your progeny’s) pockets and purses and chip in, OK?
How can we be so cruel?
Why not throw money in the hole?!?!
It’s all going to be worthless anyway!
Besides, God forbid they, actually, give money to
consumers!
Afterall, they’re the ones
that effect the economy
in the biggest way!
.
Besides, this is just the beginning…
A feeding frenzy by Corporate America!
.
IMO
.
As for the car industry, I think the resentment over using taxpayer money to bail out GM and FORD will be so acute, that fewer and fewer car buyers will ever buy from GM or FORD again. Let alone the fact that as the recession turns to depression, more and more will be unable to buy. Consequently, GM and FORD will go out of business anyway.
Barney has got his head up his ass, why doesn’t somebody throw him out, just heard on the news that he said we have to bail the car industry, they’ll just turn around and do the same thing again and go out of of business and the taxpayer is left to pay for these bailouts…
Barney knew the problems with Fannie Mae and Freddie Mac and he did nothing about it….
I think the gov’t should help the retirement accounts and give some money back to the people…
As for the car companies…
I agree with Nurturer.
Who’s going to have money to buy a car, anyway?
.
The only way they should be making money
is in research and development.
They need to make a car that runs on natural gas.
Or steam (from water)
that is heated by natural gas.
.
Something!
.
The US Auto Industry and the Ripple Effect .. by GM
http://www.youtube.com/watch?v=72cHfOKoA1c&eurl
Lets bail out retired people before they starve to death. The bail out’s will never work because that doesn’t put money in our hands, just the same people at the top. If anybody is counting on payback from any of these company’s,forget it.
Actually, the reason the bailouts will never work is that the government DOESN’T HAVE ANY MONEY. They have to take it from us, or print more paper which makes ours worthless anyway.
I had a dream last night that I was shrimping along with a few friends. For those that don’t know, recreational shrimping is done around this time of year when the shrimp mature inland and begin migration out to sea. You stand at the inlets with a dip net and scoop them up as the go by.
As we dumped our meager catch into the bucket behind us we noticed that more and more birds would show up and devour our catch. By the end of the night we had nothing left. The birds however were very fat and content.