Originally Posted by
Darthtang AW
http:///forum/post/2874323
I am going to second the "what did you expect" reply. You forget these are people. Look at the majority of the U.S. citizens. They U.S has a total debt of 53 trillion dollars. This sum is all recognized debt of federal, state & local governments, international, private households, business and domestic financial sectors, including federal debt to trust funds, but excludes social security.
So not only is the government in huge debt but the average citizen is. Yet our government gives more money to "citizens" to bail them out of debt. yet we aree shocked when that money is not used wisely. Why? The average citizen is not wise with their own money, and we expect the corporations do wise things when given "free"money/ Are you serious?
You want the government to have better regulation on corporations, yet the majority of the total U.S. debt in this country is from the average citizen, yet regulating how YOU spend your money is not good, but it is ok to regulate how a corporation spends it? Goose/Gander.
When you take a loan the government does not regulate what you do with it. I know a lot of people that took home equity loans "to improve their house" and bought a bunch things with it that they did not need and did not improve their home...maybe government should just regulate everything...no freedoms to be stupid....just do what the government says with your money when they say it. That is what you want the corps. to do with their loan.....
Here is a novel idea, if you support the bailouts, then don't complain how the corporations use them...
hmmm what a deep thought...
you really think congress is a better manager of money than the goofballs at AIG?
At least all they got was a spa treatment and a retention bonus...
U think Obama is going to ground Airforce one If the recession deepens?