28 May 2009

Bailout Game doesn't work

Here are some links I researched today:
http://www.msnbc.msn.com/id/3032553
http://www.foxnews.com/politics/2009/05/28/gm-offers-details-spending-federal-bailout-funds/?test=latestnews
http://www.foxnews.com/politics/2009/05/28/gm-offers-details-spending-federal-bailout-funds/?test=latestnews
http://www.time.com/time/world/article/0,8599,1901396,00.html?cnn=yes

The bailout is as frustrating as possible. The government spends billions upon billions to jump start our economy, but nothing works. Banks aren't lending money, special projects will not happen for years to come, businesses are failing and they are forcing small businesses to close down. This just aggravates me. I heard one story of a business owner of a car dealership that has been family owned for 50 years were told to close their doors. Can't sell cars anymore. The government pushed our money (without my permission of course) into the car company for them to turn around and tell that tax payer that unfortunately the bailout was not for him. Now a successful business is required to be closed by the government. I am worried because that is too far reaching for the government to force a family business to close. This is not a big bank that cannot afford to fail. This is small potatoes in the grand scheme of things, but its everything to the business owner and its employees who managed to make it work in tough times.

GM does not know where the bailout money went to and the government is trying to account for the cash. They gave the money to keep the business afloat. Now, they are trying to run that company but slowly and surely pushing it into its grave. The article stated that GM is going to file for bankruptcy anyway. Good job politicians. Wise investment.

MSNBC's political website states nothing about the bailout, but the business section talks about GM's inevidiable bankruptcy, but sheds the 'hope' that the company will recover and become profitable. They just shed $20 billion dollars and don't know what happened to it. Why would politicians put more money into this sinkhole for cash.

Lastly, CNN's parnter on this story in the TIME website is worried about prostittutes in Bankcock and how the recession is affecting them. Are they for real?

On another note: Has local government gone crazy?!?: http://www.foxnews.com/story/0,2933,522637,00.html
What was that amendment.... Oh yea! It's the first one, a right to religious freedom!

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