What IF???

@rodney850 (2145)
United States
November 19, 2008 4:25pm CST
Our government here in America has just opted to "bailout" the financial industry and give them a free pass from their own self-inflicted wounds. Now there are serious talks of "bailing-out" the "big three" auto makers! Tell me people, when will enough be enough! Sure a great number of people will lose their jobs if these companies go bankrupt but consider what would happen if AMERICA goes bankrupt which is a real possibility to consider seeing as how our national debt is now above 10 TRILLION dollars! I will not try to assess blame here because it is everyone who is at fault here and I do mean everyone including myself! After all WE the people do elect these fools we have running our country! Here is a little article with a few facts on how life would be here in America if WE the people let our elected officials bankrupt our country! http://who.town9.com/what-happens-if-a-america-goes-bankrupt
1 person likes this
2 responses
@Destiny007 (5805)
• United States
20 Nov 08
Or the government demonetizes the dollar and institutes a new currency... such as say... the Amero. We are now very near a place where our debts exceed or capacity to pay... some have said we are already there. Germany was in the same position back in 1929 or thereabouts when they changed their currency. Some say the Amero is a myth... others say it is real. I say we are in deep trouble, and may find out very soon who is right.
@redhotpogo (4398)
• United States
19 Nov 08
Government shouldn't be bailing them out, they should be regulating them. When an employee doesn't perform well you don't reward them with bonuses, you figure out why they're not doing well, and do what you must to correct the problem. The auto industry isn't doing well? Well we know why they're not doing well. In a time when gas was really expensive, and we needed other fuel sources, and less expensive vehicles, the super rich auto makers were putting out gas guzzling luxury vehicles that no one could afford. They should have been putting out more hybrid, and electric. Common sense. So they screwed up big time. How to keep them going? Start right now putting out more economical vehicles, and cutting pay. Did they really need to fly out to congress on private luxry jets, to ask for our tax dollars? That right there shows you they haven't learned their lesson. They just want to keep up their luxurious lifestyles. I say we give them no money at all. They'll collapse? Good. That's how capitalism works. Those who get greedy, and refuse to put out quality products fail, and others take their place. When they fail others will succeed. They can easily pull themselves out without our tax money if they just stop being so greedy. Cut their pays (ceos, presidents, all the uppers) lose the luxuries. Make sacrifices. Just like all of us had to do to survive this economic crisis. None of us got bailed out. And we are what keeps the economy going, not the big 3.