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.
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ReplyDeleteThe only change I have seen thus far is the change in the Dress Code at the White House, in fact that was the "BIG" news story the 1st weekend after he took the oath of office. Change? Check! Was that the change America was Hoping for; window dressing?
ReplyDeleteMy friend John Cunningham who was running against Ed Markey had the right idea, instead of bailing out all these Big Corporations and banks, why not instead have a moratorium on all income taxes so that the people will have more money to pay off their mortgages, and pay off their credit cards; that would do more good for America than keeping failed business on life support.
I love it now that is stimulous
ReplyDeleteThe only problem with limiting frivolous lawsuits and caps on payouts is that most politicians are former lawyers and they will not pass a bill that may limit law suits in case they get voted out and have to go back to being a lawyer. Might not be much to go back to!
ReplyDeleteNow Obama, is trying to get some of the money back from the executives that had big bonuses.
ReplyDeleteHmmmm. I thought he was going to institute control measures. Sounds like someone was asleep at the wheel.