My two cents…
Bailouts are a bad idea because they don’t do anything to fix the reason why these companies are failing in the first place. These companies should be allowed to fail, declare bankruptcy, and restructure so they make a profit. You also have the issue of the government trying to control these companies even more when they bail them out. The school of hard-knocks teaches very well and I guarantee you these companies will come out better.
Tell me one thing the government can do better than the free market? Anything the government can do, the free market can do cheaper and better. The government is supposed to serve the people, but over time things have switched and we serve the government.
History shows us that these big gov’t bailouts never work. The New Deal did nothing to help the economy, but it did make it worse (it even created a depression within a depression in the mide to late '30s). The only thing that brought us out of the Great Depression was the post-WW2 era where the gov’t eased regulations on the economy. Just about every recession since then has it’s ties to gov’t regulation. The current mess we are in now is caused by gov’t regulations, pressuring banks/lenders to loan out money to people they ordinarily would not give out.
I don’t blame just the government. I blame individual citizens who want what everyone else has and refuse to work for it. They have no sense of personal responsibility. They all think someone/everyone owes them something.
As for BO’s economic “stimulus”, where will it stimulate anything. This is time to truly stimulate the economy. Tax cuts across the board. We all know how much money the “messiah” wants to spend, and tax cuts has been proven to increase gov’t revenues (another problem with this game). Even BO knows the less taxes you pay, the more you have to spend, just ask any of his Cabinet appointees. Everything else in his stimulus and budget will cause real harm to this country. California has tried all that and you can see the problems they are having now.
Like I said, just my two cents.