Does anyone understand why our government has been on a bailout binge lately? I know of thousands of small businesses that could really use some help - a low cost loan, a break on rent for a couple of months...just to get through this tough economic environment.
Instead, we bailed out Wall Street companies, bailed out mortgage companies, bailed out insurance companies...and now there's discussion about bailing out our automobile makers. What kind of bail-em-out insanity has gripped our government?
Granted, the auto companies are big employers in the midwest, their absence would certainly have a very significant and negative economic impact. Still, should we make a habit of bailing out companies just because they're large? Shouldn't we be looking at why these companies are failing? If they enjoyed strong sales during the good economic times, shouldn't they have put away some savings for the inevitable downturn that would follow (any) expansion?
Small businesses don't get special treatment, no one's lining up with offers of special bail outs for troubled small business. It begs the question - who benefits from bailing out the same businesses over and over and why do we keep agreeing to this? Banks, automakers, airlines...there must be a root cause of these failures that's not being addressed. Something to ponder.
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