When will it end?

Below is a link to an article explaining how the company GMAC is receiving $3.8 billion more in 'bailout' money. This is a company that has already received $12.5 billion. People who say this is a good thing argue that without the money the company would go under and people would not be able to get loans for cars and the effect of that would be disastrous for the auto industry. And all of that is true. But what the government is doing is not fixing the problem.

The government is enabling GMAC to lend to people who can't afford to pay the loans back. If GMAC only loaned to people who could afford the loan we wouldn't be having this problem in the first place. GMAC (like many others) got into a lot of problems with housing loans. The message that the government sends when they give companies like this money is that it is okay what they did, and we've got your back in the future. They have much less incentive to correct the real problem and so we see that bailouts like these will continue far into the future. The incentive for companies to change and become better and more profitable is the THREAT of BANKRUPTCY and FAILURE. When you take those things out of the equation (which the government does in the form of bailouts with our tax money) you get companies that don't change and will continue to leach off the American taxpayer for years to come, i.e. socialism.

Bailouts are short-term fixes that only cover up the underlying problems of our current economy.

http://www.onenewsnow.com/Politics/Default.aspx?id=833090

Merry Christmas President Reagan, Happy Holiday President Obama.

Contrast that with this:



Wow.

Detroit In Ruins

A great visual of what we are headed for if we continue down this road of socialism, as Detroit has already done.

The Real Cost of Public Schools

This article is from 2008, but I just read it and I'm sure the figures are worse than presented in this article. But the article illustrates how much is spent on each child in public schools versus private. Most people think that more money equals better results, this isn't true with government. More money usually means bigger and stronger bureaucracies which means more inefficiency and waste. Children deserve better, and parents deserve options.

http://www.washingtonpost.com/wp-dyn/content/article/2008/04/04/AR2008040402921.html