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The Big Bailout Fannie Mae and other Financial Banks and Companies   

For years the common man has been getting the shaft. From insurance companies, loan companies, banks, government, you name it. They made tons of profit which made them even greedier.  The companies who made all that money and convinced congress to pass the new version of bankrupcy laws not long ago now want us to bail them out.  Oh really? 

Why should we even consider such a thing?  If you lost your business, did they bail you out?  If you lost your home, did they bail you out?  Gambling is what it is gambling,  they gambled and lost.  Send them to gamblers anonymous, not back on vacation by bailing them out with our money.

oh, they are too big to fail?  Disastrous results if we don't bail them out?  Its disastrous to bail them out!  Setting a precedent of bailing out big business just because they are big business is not too bright.  Break them up into smaller companies and sell them to the highest bidder, put a stop to these monopolies and this problem won't be happening again.

Whatever happened to our laws against monopolies?  No wonder our economy has gone south. Competition makes for sound policies. We need to open all aspects from cable companies,  news media, and up to oil companies, up for competition.  there is no real competition so we get shafted.

That makes our presidential election even more important with our economic system on the rocks.  Please get informed if you live here in our United States. Don't believe the "news media"  research for yourself.



The line is just beginning, so lets put a stop to it now, not later. We can't afford this bill. talk about wasteful spending and earmarks!  Seems we did something like this before with the Chrysler Corporation,  should have let it go the way of former car companies, like Studebaker, American Motors, Hudson Motor Co. and the rest.  We survived them just fine.  And look whats happened,  still making gas guzlers, importing foreign parts not caring about improving mileage, other types of engines that do not rely on gasoline, diesel, biofuels.

You reap what you sow.  Suck it up and take it like a man is my advice to these companies like fannie mae and others lining up for a government bailout.  Its your turn to take the shaft.

As always Comments appreciated.

Posted: Friday, 19 September, 2008 at 17:51Read 146 times | 5 comments | Leave Comment 
I agree. Just like Wal Mart push lots of people out of bussiness. They used to advertise 'Made in America' now it Made in China. If China makes everything than what do American do. Serve the rich. If we cannot work for ourself then we work for the rich.
Great depression was ended by war. Why are we in resession now?
Maybe because the good stuff that the US used to make is now made in China. Stuff that used to last now breaks apart before you get it home. Sorry my thought are not togother. Just thinking as I type. Do we really want to give the rich more money. If you want to see big bussiness in action watch the movie TUCKER A MAN AND HIS DREAM. Big car company push him out of bussiness. Now they want us to save there business.
Reply | 10/13/2008 1:59:54 AM
ok, im stamding next in line then. where the heck is my bailout? i need money for payout off my house, dental work which i need bad, but damn dentists will not work with you which is a whole nother issue in itself. my car needs to be paid off, i need money for my son's college eduacation if he goes.
Reply | 9/21/2008 3:50:48 PM
Reminds me of when the government bailed out the Chrysler corporation when Bush Sr. was president...
Reply | 9/20/2008 12:31:17 AM
You are right .We should not be doing this.
Government does not have the authority to spend one penny without the approval of Congress. All rule of law has also been abandoned..Seems like all protical has been abandoned. Ron Paul says The Rebublic is in trouble.That may be an understatement.Can our Country survive this? We cannot absorb all this debt, we are already facing a tremendous deficit in the government.What will we do when the governemnt is bankrupt, a real possibility, at this time.We cant bail everyone out, and propping them up is a temporary fix. Responsibility is a basic requirement.Both Ron Paul and McCain have been warning about this.Well now its come to pass, and its huge,and what happens next is anyones guess.
Pray for our Country,
Reply | 9/19/2008 10:57:35 PM
What right does the President have to bail out corrupt banking industries with my hard earned tax dollars?
Wake up America! you are getting ripped off!
If you care at all about what is really happening you will watch this video entirely! It explains a lot and just how corrupt these banks are. Think McCain will be any
different? I don't think sooooo!
Money madness demystified--
http://clicks.aweber.com/y/ct/?l=CGqJu&m=1aqu4l6SUnEpNr&b=EctgL6tFsgMTYjxXwkJ97A

Reply | 9/19/2008 10:57:03 PM
  13thson(Jim) 
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