No more bailouts for the sake of taxpayers

Last week we heard tha GM is close to bankruptcy and that more money will
be needed for the black hole known as AIG. To the former I say sendthem to
chapter 11 and to the latter I say no more money for them. I am sick and
tired of our tax money being promised by politicians, who haven't run
anything in their lives, to inefficient and bloated businesses who should
be allowed to fail if that's what the market place dictates.

If GM goes into chapter 11 and fails to emerge from it, then so be it. The
business fails and this is what happens in the free market. This company is
too big, too inefficient and too bloated. If chapter 11 was good enough for
the airlines, then it is good enough for 'GM. I don't want any of my tax
money going to run such an inefficient, bloated company. This smacks of
nationalization and I definitely want nothing to do with that. This is the
United States; and the last time I checked it was not a socialist country.
Let's keep it that way!

With regard to AIG, I would like no more tax money to go down this black
bloated hole either. This is a company which got too big too fast and
should be sent into chapter 11 for the express purpose of breaking it up.
Again nationalization should not be the goal here. Unfortunately I wonder
if this is the goal of the liberals so that they can force companies to
follow their left-wing agenda. Again, let AIG live or die by the bankruptcy
laws. This may be a trickier one but it needs to be done. Do regulators
share some blame for this one? Absolutely as they let AIG grow unchecked
and unregulated in what they acquired. Why weren't the antitrust laws
applied here? Only an investigation will answer that one for sure.

If you don't want any more bailouts for companies like this, then call your
U.S. Representative and Senators and tell them to vote no on any bailout.
Tell them that you are sick and tired of your tax money being spent to bail
out companies that should be allowed to go under if necessary. Tell them
that there are services which need to be funded such as services to those
who are deaf-blind, something which would be a better use for the money than
bailing out irresponsible companies.

Keep in mind that many of these politicians who are voting for these
bailouts have never run anything in their lives. They have never had to
meet a payroll or make tough business decisions. Obama is included in this
and his Treasury Secretary doesn't even know how to pay his taxes. What
does that say about the crowd running the country right now? It tells me
that they would not make it in the private sector. They would run companies
into the ground much as the executives of GM and AIG have run those
companies into the ground. I just hope that they don't run this country
into the ground; but I am afraid this could happen unless they are stopped
sooner rather than later.

Let's stop the bailout train once and for all before it's too late.