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I am a recovering student, finally free from the grasp of higher education

Monday, September 29, 2008

Bailout

Just a quick rant here... why the hell is the government bailout including millions of dollars on the executives 'severance pay'. They ran their company into the ground being money hungry and making idiotic loans and taking our economy with it in the process and we 'reward' them will millions of dollars of OUR tax money. I am so mad about this... so does this mean that if my business goes belly up and affects many people that the government will bail me out and give me 55 million to live off of. Where is the ownership of what they've done.. where is the accountability for the royal screwing they just handed to the economy. They don't deserve a bit of money for going bankrupt or at the very MOST give them $100,000 and see how they handle it, make them learn to get their feet back on the ground and make up for their mistakes!

10 comments:

Aubrey & Cheyenne Martin said...

Really, Tracy, are you mad?

Thanaglim said...

because they don't give rats butt about middle america just their pockets

Amy said...

don't hold back...tell us how you really feel.

Southern Princess said...

glad to know you woke up on a true Monday soapbox. Preach on sister! :)

us said...

I know like I really can afford to pay for other peoples mistakes, and well their fancy cars and large houses that they don't really need.

Jeni said...

The bill is stalled on the House floor and THAT is good news. I'd rather us go into an out and out recession than pay severence to corporate America.

lesliem said...

Man I love it when you lose your temper on political issues! It makes me so happy! This is government having to deal with excesses of capitalism and the need to make more and more money in order to be considered sucessful. While we certainly don't have a free market (which is fine with me), this mess shows us the excesses and intertwine-ness (I am a social scientist, I can make up words!) of our economy and how quickly it can all unravel... then the gov't is caught between "letting the market work" which will hurt many, many people (not just fancy-pants richies) and stepping in to ensure livelihoods. Ahh, america and it's ideological battles.
(you didn't think I would resist a chance at this, did you, Tracy?)

The Archibald Family said...

Let's hold all those people that took out those loans completely innocent. Many, many Americans bought homes they knew they could not afford. It's not just corporate America here we're bailing out...it's those that stopped making house payments.

Al, Jenny and Avery said...

I agree totally with Archibald family. It is the millions of normal, middle-class Americans that really snowballed this thing by overextending themselves financially because they had to keep up with the Jones'. There are soooo many households that are defaulting on their loans, don't make payments on houses, cars, credit cards, etc. and we will be paying for their stupidity and greediness.

E said...

Tracy, Tracy, Tracy!