Wednesday, November 12, 2008

No End in sight to economic bailout

When is enough enough? I have a Accounting, Finance and Business background and still cannot understand the state of the U.S. Economy right now nor the way that the U.S. Government is handling it. When will the chaos stop? In the past few year the U.S. Taxpayers (now and future generations) have already bailed out the airline industry, the banking industry and now there is talk of a bailout for automobiles companies and home builders and more..... Where and when will this stop. How does the federal government decided who is acceptable to help and who should go bankrupt. What companies and industries will get helped and which one's won't. Why not small business and individuals. Bad management does not warrant government help. We have gone down a very slippery slope that I am not sure we can reverse.

Also, we are already hearing about mis-management of billion's of tax dollars for the bank bailout. Just wait...this is just the beginning of these stories. The Federal Government seems to mis-manage anything we give them control of. Why do we continue to give them more responsibility??? (BL)

As More Companies Seek Aid, 'Where Do You Stop?:
http://www.cnbc.com/id/27662540/

Bail-Outrage: Misuse of Funds, Lack of Transparency a National Disgrace:
http://finance.yahoo.com/tech-ticker/article/125352/Bail-Outrage-Misuse-of-Funds-Lack-of-Transparency-a-National-Disgrace?tickers=GS,MS,JPM,BAC,C,WFC,XLF

Toll Brothers calls for housing stimulus;
http://m1.2mdn.net/2035095/Interstitial_Pitney_Bows2.htm?t=10&cT=http%3A//ad.doubleclick.net/click%253Bh%3Dv8/3776/2/0/%252a/u%253B208780043%253B0-0%253B0%253B17763591%253B255-0/0%253B28845415/28863294/1%253B%253B%257Eaopt%253D2/1/b8/0%253B%257Esscs%253D%253f&l=http%3A//triangle.bizjournals.com/triangle/stories/2008/11/10/daily11.html%3Fsurround%3Dlfn%26brthrs%3D1

Democrats Plot Detroit Rescue:
http://online.wsj.com/article/SB122643423580318185.html

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