Sick and Tired of Being Sick and Tired

I'm tired of being lied to, and quite frankly I think that its time someone be held accountable for it. It started with the Bush Administration's stimulus package and bail out that told us all that these measures would make sure that the economy did not slide into recession. That seemed to work well, oh wait, no, it didn't work at all. Then the Obama Administration comes riding in and gives yet another Stimulus bill and an Automotive Bailout. We were all told that if we would finance the poor management of these companies it would prevent the catastrophic: Automakers going into bankruptcy. How has that worked for us?

In the last two weeks we have found out that Chrysler is going out of business and there are dealerships around the country shutting down on top of the Chrysler plant workers losing their jobs. GM announces today that they are going into bankruptcy and they are working on a quick sale deal to the FEDERAL GOVERNMENT. Didn't we already buy this company once 90 days ago?

If we gave BILLIONS and BILLIONS to keep these companies open and they have not been able to do that, I DEMAND that the shareholders of these companies received NOTHING in bankruptcy and the federal government should get every bit of the money back. Whatever they can't pay back the government should receive and hold for no longer than 60 days, at which time it would sell the company back to the employees and a new management structure. This would help salvage some of the jobs, allow the iconic companies to remain (at least in name) and help the tax payers recoup some of the money that has been lost.

Watch what happens in the next couple of days. No one in the national media (except for a couple of the normal truth tellers) will ever ask why we spent all this money if it didn't even come close to working. What will happen to these Presidential "Analysts" that were so far off? Will we turn to them again when we need economic forecasts? Who were the people that were screaming that this would not work? (besides me).

The overall lesson in this is that government is not the answer. There is no reason that all of these companies should not have been sent to bankruptcy at the beginning of the year for reorganization. There would have been some lay offs and there would have been some closing of plants, but each company would have gotten to renegotiate their contracts, and they would have been leaner and more profitable companies that could compete in the local economy.

This is not a critique of the Obama Administration. This is a critique of the federal government. I have full faith that if John McCain had won the election, he too would have provided the bailout to the Auto company.

We have a problem in America. We have a lack of accountability, and we have been taught that when life gets hard we don't have to trim our lifestyles or our companies. We don't have to pick up extra jobs or eat a little bit more rice and beans. We have been trained that the government is going to swoop in and save us. WAKE UP. The government can't save us, because the government itself has pushed it to the point that it can barely survive itself.