Wrong companys to bail out

I agree that the banks and the auto companies are getting special treatment. People will not stop banking or buying cars if these companies go bankrupt. They would probably declare chapter 11 and restructure and be back lean and mean. Bailing them out is just rewarding them for incompetence. I could use a bailout too but if I write to Obama I am sure my letter would just end up in the recycle bin. Dear B.O. I have fallen on hard times because I ran the company into the ground speculating on mortgages to people who had no jobs and no assets. I also produced huge gas guzzling cars that nobody wants. All I need is a few billion to tide me over for a few weeks until business picks up. My company promised me 2 million dollar bonus and they are broke so I want you to give my company some money so they can pay me. Just sign me Incompetent and Desparate If I just ask for a few hundred dollars I won't get it. A billion they would probably give it to me.

I would love to see the banks just dropped by the govenments, they caused this mess and they should pay for it. We don't really even need them, after all history did not always have banks and people did just fine without them. I think the govenment bail outs should go to the hard working people who had not caused this mess. People who are actually willing to put the effort into things and have shown good solid buisness sense.

Because big businesses have the deep pockets that are willing to greatly contribute to campaign funds. The financial bailout was a disaster. It was well intended and would have worked, if it would have been done right. But they bickered so much about it and in the end let the banks simply have the money, no strings attached. They should have made sure the money would solely go to free up credit for small and big businesses alike as well as private citizens with a solid credit record. They also should have made sure the money goes towards renegotiating mortgages in foreclosure proceedings. I mean, what does it help a bank to get stuck with a house they can't sell. At the end they'll lose out anyway, might as well renegotiate the mortgage. The string attached to the money should have been to solely use it for those purposes on top of the money already allocated for those purposes in the financial institutions budget. That alone would have greatly helped our economy and individual citizens. It would have kept up purchasing power and let companies continue working. Instead, with consent of the government, the institutions used the money to buy each other or to pay off their own debt. That AIG paid of international debt is in my opinion something very well planned and engineered as the world had called out for some US bailout internationally. This way, some overseas banks got the billions they needed. Same the purchase and consolidation of some financial institutions. Well, and instead of learning that hastiness is simply not working well to achieve the desired outcome, our lovely legislators decided to follow Obama's call to swift action and pushed through another giant stimulus package with little oversight and massive pork allotments. That thing is so big and messily put together, that nobody really knows what to do with it and how to use the funds they'll get. It's the insecurity and the down talking of the economy by Obama and his staff (in order to push this beast through) that made people hold on to their purse strings and company's go into survival mode. And small businesses, who notoriously only operate on a small profit margin, well they go belly-up. You are right, small business needs protection, but big business wants more business, they have the bigger donation pockets, the bigger cloud, and the ear of the legislators. They'll get their chunk from the bailout, they get what they want, and they don't care if small businesses don't make it, because it'll increase their market share and profit margin. The less competition they have the more they'll set the price. It's time that something gets done for them, but they do have to get organized just like employees do in unions.

And yet they have passed laws to destroy small business, most under the guises of "for our own protection" a lead safety law that would virtually destroy childrens items manufacturers except for the big name ones, the FDA limits on selling food you made in your own home, and the future cap and trade laws which will likely ONLY apply to american factories limiting our ability to make manufacturing jobs, plus it would likely limit Truck drivers, which is virtually one of the last plentiful good paying jobs out there. Obama is creating jobs -.- yah right, and whats the good of education if there is nowhere to work?