Nov 27, 2008

THE WORD IS BAILOUT--Where does it all end???




If the bailout of Wall Street, AIG, Lehman Brothers, and all the hype about whether or not the Federal Government is going to come to the rescue of the Big 3 Automakers, isn't bad enough now Boscov's is crying to the Governor's Office that they need a "bailout" from the State of Pennsylvania, or they will be forced to declare bankruptcy. Where does this insanity end? Well, maybe the real question to ask is--IS THERE AN END IN SIGHT TO ALL THIS INSANITY?

Please do not think that I'm cruel and callious and without a heart, but the hard facts are this: If your business is failing through no fault of the companies management, then perhaps the government can provide some assistance to save your company, however on the other hand, if your buisness is swimming in an ocean of red ink because of corporate irresponsibility and greed, then all bets are off. If you got into the mess, then get yourself out of the mess, without crying to the Federal Government with your hand out.
From where I sit, the bottom line is this: If you make the decision, whether good or bad, you either enjoy the benefits or bear the responsibility. Do not expect that the American taxpayer will reward you for your greedy and irresponsible behavior.


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