From the very beginning, I questioned the reasoning behind offering bailout money to companies in crisis. By now, you’ve heard the logic behind my concern: Why offer money to companies that are not managed correctly?
Instead of offering billions of dollars in cash to companies who have already squandered billions, why not reward the highly successful companies?
Basically, we’re telling the businesses that brought down our economy to give it another go. In doing so, we’re hurting the many companies that are run in the correct manner and were not in need of taxpayer’s dollars.
Companies should make decisions without government interference.
Many are tired of the accusations of socialism in our country, but they are merited! Our government was founded on the basis that it should have no control over businesses or business practices. Not that I agree with the bonus disbursement by AIG, but no government should have the right to interfere with the process. It is their right to make business decisions free from governmental pressure, regardless of the wisdom of such a decision.
I, along with a few friends, started a business a while back. It’s currently doing well, but if we were to fail in our endeavor, we should not be given a free pass. If anything, we must learn from our mistakes and pick ourselves up off the ground.
If we’re insistent on giving billions to businesses to kick-start our economy, wouldn’t we all be better served if those businesses were adequately operated? If you were given 1 billion dollars to invest in our economy, would you choose AIG or GM? Or would you choose Toyota, Facebook, or Apple? How much more could a good company do with that money than a poorly run company?
Still, I don’t believe the government should give any money to companies, unless it is an across the board tax cut that also benefits individuals and small businesses.
Despite the simple common sense of my argument, our government is still acting on their delusional approach. Not only have they attempted to bail out these companies once, but now they’re considering offering even more money to them!
End Rant. Let me know what you think.
