1 post tagged “audi”

I was watching CNN earlier, and they were talking about why the gas prices are going up.  I was wondering that just the other day, myself.  Especially since I'd understood that the prices were up before because the seller was against Bush, and everything going on in the Middle East at that time.

So get this.  CNN said that the reason for the spike in gas & energy prices is because of all the corporate bailouts.  See, since the government borrowed money from other countries in order to bail out companies like GM and banks, the tax brokers, etc. are all paranoid and worried about the economy's health, so the prices have gone up.

Now, correct me if I'm wrong here, but aren't our tax dollars part of the money used for the corporate bailouts?
Also, last I checked, we didn't get a say in the matter of the bailouts, we were just told that they were getting money.  And it's like the only time the government lifted their eyebrow was when AIG continued to abuse the money given them.

Honestly, in my opinion, I think GM and the banks out there that got the bailouts, should've been allowed to go out of business.  Granted, it may've put a bigger hole in the economy, as well as laid off thousands of workers, but think about it, when Venture stores went out of business, did anybody help them?  No.  Kmart was doing so well for a while that they opened stores like a monopoly player who owned Park Place & Boardwalk.  But when they had to close a huge percentage of their stores later, did the government step in?  No.  And Walmart was happy to move up.  When United Airlines claimed bankruptcy (the first time), did the government chime in?  No.  And what ever happened to that car brand, AMC (American Made Cars)?

My point is that when a company makes a mistake or does poorly with their buisiness/marketing, it's their fault and they should take whatever fall is needed.  GM is a huge company, sure, but they messed up and should have to face the consequences of bad business.  If they close, we still have Ford, Toyota, Nissan, Saturn (they've been talking of going on their own again), Mitsubishi, Suzuki, BMW, Honda, Mercedes, Sterling, Maserati, Audi, Volvo, Saab, VW...does it look like we'll lost without GM?
  Bank of America, Citibank, etc...oops.  They gave out too many loans and made some bad business choices, like trusting AIG, for instance.  Yet instead of going out of business, like they should've had to do, they got a bailout.  Fair?  Did we get a say in it?  I didn't.  Did you?

So now, even though the government decided (against our will) to bail out these tycoons, we now have to suffer spikes in our energy prices.  Why?  Because others are worried about the economy, due to the government's decision to bail out?  That seems hardly fair.