I Need More
We all know the old proverb that if you give a man a fish you feed him for a day; teach a man to fish and you feed him for a lifetime. Well it appears that Uncle Sam gave AIG a fish vice teaching him how to fish.
I knew that when Uncle Sam started giving handouts that whoever received those handouts would be back to get more. Uncle Sam gave AIG $85,000,000,000 last month and now they are back trying to get another $37,800,000,000.
When is this going to stop? Uncle Sam has given too much money to corporate America. It is time for these companies to admit that they screwed up. Take their licks and if they come out on the other side then good for them. If they fail because they made bad business mistakes then oh well. Some other company will buy them up at a huge discount and turn a rather nice profit in the long run.
It is time for us as voters to let the politicians know that we will not stand for our tax dollars to be spent bailing out companies that screwed themselves. Uncle Sam isn’t giving me a bunch of money at a really low interest rate to pay off my credit card debt, my bad business decisions. Is Uncle Sam giving you money to pay off your debt? I didn’t think so.
Why should we let out money as taxpayers be loaned out to businesses that made financial mistakes? Those companies don’t give me more money when I can’t pay my bills. They realize that I overextended myself and don’t give me more. They don’t want to take a risk on someone who has proven that they can’t keep up so why should we let the politicians take a chance on them?
The access to easy money/credit is what got the US into the predicament that we are in now. Companies made loans to people who couldn’t afford them and now they are paying the price. Why should we become the company paying the price? We shouldn’t.
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October 10th, 2008 at 12:15 am
I finally decided to write a comment on your blog. I just wanted to say good job. I really enjoy reading your posts.
October 10th, 2008 at 4:41 pm
Jarhead,
If Carter and Clinton had not changed the rules pretaining to purchasing a home with a loan we would NOT be in as much trouble as it appears that we are in.
Once that got started then the Credit and Insurance com-panies followed suit. And of course, the dominos were starting to get set up for the tipping. Now we are reaping the reward of those 2 Demo-crazie with a pen and the power to use it.
If Obama is elected, the debt WILL GET bigger an the power with the pen WILL go crazy once again with all the give-me’s having their hands out.
Of course that will all happen right after he cuts so much into the Military Budget that there will be no ammo and forget the fuel for all the different vehicles including the air crafts and ships at sea. If you missed that one, it was about 2 weeks ago in one of his speeches. ‘I will cut back on all of the Military spending on contracts.’ and this one in the last week ‘We can NOT keep spending $10,000,000 a day in Iraq.’
Again an in-sight into what the ‘90 day Wonder’ and just what he is able to comprehend what it takes to maintain this Country’s saftey and freedom.
Guess you already figured out where my vote is going.
October 12th, 2008 at 5:28 am
AMEN, Jarhead, AMEN