Why the bailout

I am having a very difficult time understanding how this bail out package is going to help the economy. It seems every time the government says it is going to spend more money we take another dive.

What it the point? Our philosophy has been America Land of Opportunity. Well the whole idea behind this theory is we make it or break it based on our own efforts, so why are we paying for the mistakes of others. I say let them tank and then auction off the remains that are still worth anything and write off the rest.
I an tired of hearing that if these institutions fail that it will have a far reaching international impact. If this is true let the international community bail them out along with AIG.

I think that there was too much of a rush to get a bail out put together and I also believe that the underlying reason was so that no one had time to really take a good look at where all the money is going.

I for one do not want a nationalized health care system. What we do not hear discussed why the cost of heath care is so high. If you look back you might remember the discussions in the past about the high cost of Malpractice Insurance and how it is driving some health care providers out of business. Lets look at that for a moment, if individual doctors have to pay such high premiums, then what do you think that hospitals and drug manufacturers have to pay. I heard that paying $100,000 a year is not uncommon for an individual doctor to pay for insurance and this leads me to another question. Why is this insurance so costly? Well because the lawsuits that are files have had astronomical payouts that the insurance companies have to pay. If we limit the maximum amount of a pay out and reduce the number of frivolous
law suites this will go a long way towards reducing the cost of health insurance and health care in general.


What do you have to say about this