If the Financial and Auto industry are receiving handouts from the government, we should get in line and ask for ours!
I’m not an expert on the subject, but I am a tax payer and I do understand most of what’s at stake. My opinion is that we are becoming a socialist society. If too many people buy homes they can’t afford or companies extend their credit beyond the assets they have...we step in and save them. If an auto manufacture builds gas hogs and complains that sales are down, we step in and save them.
Sure millions of people may loose their jobs. But why should we give our tax dollars (or print money we don’t even have) to save companies and industries that failed? Wouldn’t it be better to give the money to companies and industries that are succeeding? Or extend/increase unemployment compensation while displaced workers move to new areas to find new jobs? I’d much rather help an unemployed person directly than to give the money to a bunch of executives that failed in the first place and expect them to turn their company around.
The scuba and travel industry has taken a big hit during this economic crisis. We represent millions of hard working citizens that struggle to provide for ourselves and our families. If the market conditions depress our success, does that mean we should stick out our hand and ask for money? Or does that mean we should innovate, get lean and mean, merge, find other revenue streams and overall deal with the situation that’s handed to us? I vote for the later.
It may take "capital to capitalize on capitalism" most of the time, but great ideas and hard work also do well in a capitalistic society. Hard work should be rewarded. No work should be condemned. I vote NO to any government bailouts.
What’s your opinion?