I would also like to briefly point out, in an attempt to not appear completely partisan, that I am not happy, either, with the continued bailouts going to the financial industry. The way I see it (with my uneducated eye) we either hurt a little bit now when big corps fail or we weaken our economy for the long-term. Our current lawmakers are choosing to hurt for the long haul. Obama will continue that trend when he gets in office... so that is just a part of current government policy (it seems) that we will not be getting away from.
One kind of cool thing to consider, though, is that if we will be spending the money anyway, I think there could be some cool things happening in the future, based on Obama's plans. I would much rather see all of these trillions of dollars spent to provide jobs and improve the infrastructure of the US than to try to make up for trillions of dollars that just evaporated due to bad loans, speculation, etc. The infrastructure projects aren't exciting but they are necessary. It is like spending a tax return to get new tires on a car or something similar. A new tv would be cool, but the tires are the more prudent use of the money. Paying off a gambling debt with the money just sucks, though.
The frustrating thing for use right now, though, is that it's not one way or the other... we are sending money in both directions... money we don't have to begin with.
2 comments:
Back to the plow and the owl, please....
I don't know if you watch Meet the Press, but Ted Turner had a brilliant take on the GM bailout. He had two quotes that had me rolling:
"Anyone with half a brain could have seen this coming" (referring to high gas prices)
"Let them go bankrupt so Toyota can buy their factories and hire all of their employees"
It is funny that toyota and honda seem like the two most successful car companies right now. They both have the same three operatig principles 1. fuel efficiency, 2. high quality/low maintenance, 3. affordability (which can now be debated). But what a novel concept make affordable, good stuff that lasts and doesn't cost a lot to run.
Who would think of that?
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