The Other View

The irony of this is that if industry would have remained in America then the economy would have been much stronger and most of these cmpanies would not be struggling.... No jobs, no money, no consumers.......

harp some of these people are losing their homes because they got into a house they could not afford even if they are working.

yep i just bought a 1995 geo metro with 87000 original miles. i have never bought a new car and probebly never will.

With the money used for the bailout so far, they could have given every person 32,000!

Student loans, mortgages, credit card bills...we would all be responsible for stimulating the economy!!!

Government needs to trust "we the people"!!!
and stop the bailout........cut the checks our way!!!!

BAIL OUT??

In the short term, this influx of money by our government into the investment and banking industry is only a stop gap measure. We also have to consider the Auto industry in this mix, since the major 3 auto makers also have lending programs that gave out loans to people. These bad auto loans were just as bad as the home market deals, only with cars and not houses.
A bailout is bad enough for the investment and banking industry. But, you must remember that it was a planned deal that got them were they are today.
To off set profits you buy up debt and then show a loss on your tax reports, in order not to have to pay Capital Gains on profits. Then sell off the debt to another company so they can do the same thing. This debt to profit ratio and not reporting honest profit or gains to the government is legal but has now cost the American public Trillions.
The long and shot of it is just this, we the American public are stuck holding the empty bag. While many in the investment and banking industry got away with millions.

In the next few months we will see profit taking by many in the investment and banking industry. This will be due to their keeping of most of the monies give them by the government. True, no bonuses will be payed out to corporate leaders. But, profits will be taken on the investments of the companies they belong too. It's just a way around bonus giving to corporate leaders.

That being said, we must not continue to blame anyone. What is done is done.

We now have to look at the future and programs that will correct this mess.

There are several places where we can begin. One is investing in Green programs (Wind, Solar, Bio-fuels) that create jobs. We also have to look at reinventing our national transportation systems. (light rail, meg-lev, and fuel efficient autos and trucks)

Sik, It is not about Tax breaks or Bailouts for anyone.

This monitary system is broke. The Banks are saying they need money, but in turn when they get it, they are buying up other banking companies.

Citi Group wants to buy up some India banking companies at this time with our money we gave them.
Wells Fargo has already bought up a major investment firm in St Louis.

This greed and using our tax dollars to buy up other banking companies or investment firms is wrong. It was meant to give security to a failing mortgage system. Not give oppertunity to major banks to buy up other banking and investment companies.

In turn the auto industry should give a clear presentaion to the government as to there committment about changing the way they build cars. No more gas guzzlers, but fuel efficient cars and trucks. Until that is done in writing by the big 3 auto companies we should not give them any money at all.

No I totally disagree...... I think it was the fact that Lasorda who is from Canada was the decision maker....... When the Germans owned Chrysler they milked it for everything and dumped it leaving it with mostly Canadian management..... Chrysler was strong until the Germans owned it...
Also the canadians are union and make as much money an the the Americans and actually have better benefits.....

in america they steal from the poor and give to the rich, I sat the compony should be all american for support.