Rant of government bailouts
AHHHH!
The democrats handed hundreds of billions of dollars to big banks to get them loaning money again, now almost all of that money is unaccounted for. The banks refuse to say where the money went and have no intention of telling anyone. It also didn't get the economy moving again because the bailout money didn't get the big banks lending again, there's just a big lending crisis now as there ever was.
Those massive mortgages that the banks gave out when the Republican party abolished the Clinton regulations have not been bought out and people continue to lose their houses.
Now Bush had given 17 billion to the automakers because they were going down the tube because of their own incompetence because they continued to push out cars with less than 30mpg when most americans want cars that get close to fifty and they lost their huge overseas market because the best american cars don't meet foreign emission and mpg standards. It's not impossible to make a car that gets 50+ mpg, the Chinese standard is 55.
The automakers also area bout to lose the wealthiest state in the country because California is upping it's own mpg standards to 32 (I think,) the automotive companies sued because they didn't want to spend the money on making cars that could do that so all cars in CA will be foreign.
The unions are also to blame for the US auto problems. An assembly line worker is unskilled labour and they shouldn't make $40/hour, they shouldn't even make half that.
Seems that Bush believes in the free market only as long as the free market doesn't buy better cars from over seas.
I know Bush is stupid, but can't he learn from past mistakes like the 2001 airline bailout? When the airlines were falling apart because of their own inefficiency the congress gave them 15 billion so that they wouldn't lay people off and go under, but they laid people off anyway because they spent the money in corporate bonuses. Immediately after several of them went under, just like the auto companies are going to do now.
Why won't anyone listen to the president-elect and force the companies to reorganize if they want the money? These idiot companies should track every cent of taxpayer money and if they do something wrong they should lose it. There is no incentive to fix a bad system if the companies know that the government will bail them out.
AHHHH!
