Why aren't these companies getting bailed out?
By lilwonders
@lilwonders456 (8214)
United States
November 10, 2008 11:24am CST
Well AIG is getting a bigger better bail out deal. THe big three automakers are going to get a bail out. Well here is a list of companies that are going under or are about to but no one is bailing out.
Linens n things
Crispy Creme
Friedmans Jewelry
Sharper Image
Levitz
Hollywood Video
Circuit City
Bed Bath and Beyond
Borders
Talbots
This is just a few of the major retailers about the completely go out of business. There are a lot more. These companies employ a lot of people across the country. These ARE lost jobs. But you want to know why some companies are being saved and some not? Well one thing that all these companies have in common is none of them have a lobbyist in Washington. WHat do you think, are hte only companies being bailed out the ones that have lobbyist giving "gifts" to our elected officials or is there another reason some are being saved and others let go.
Tell me what you think.
1 person likes this
2 responses
@james3302 (91)
• United States
10 Nov 08
well either they don't have any friends with pull in the right places, and/or the government does not feel that these companies will hurt the economy as bad as others.
@lilwonders456 (8214)
• United States
10 Nov 08
But they are bailing out the rich and leaving the poor. A lot of the people in the mortgage and banking industrys made a lot of money a year.
While the average retail worker makes a lot less. So I guess it is more important to bail out the rich than the poor or middle class. See my point?
@james3302 (91)
• United States
11 Nov 08
Isn't that what republicans do? Give the rich more money and take more from the poor. Pretty soon there will be no middle class. You will either be rich or poor.
@laglen (19759)
• United States
10 Nov 08
First let me say, I don't think anybody should be getting the bail out. That being said, it is because the companies that are getting the bail out are companies that ca truly break our economy. For instance, the financial companies, banks and such, with out them, there is no credit therefore other businesses can not make payroll and can not expand. They work on credit, so when that dries up, so does their company. While the companies that you sited are important to our economy in that they provide jobs, there are other companies that will take over.
@james3302 (91)
• United States
11 Nov 08
Yea I agree, but if a company has to borrow money to make payroll then they did to rethink their spending. Maybe those companies deserve to go bankrupt, if we don't control our spending we go bankrupt.
