Ephiphany
Banks aren't loaning money. I hear this on the radio here. Yes they are, it's just tough for some to get the loans. Why? BECAUSE THEY'RE HIGH RISK!!!
I hear automakers and car salesmen and other business people complaining about the difficulty of loans. My company admits that banks are stricter, but you know what? They GET the loans. Why? Because they're a safe investment (surprisingly considering the industry is marketing).
I don't know how it is for others, but I hear about people on the radio complaining. Car sales men are complaining that they can't get loans for customers. There's a reason for it bub.
Automakers want a 25 billion dollar bail out because they SUCK at running their business.
Banks wanted a 750 billion dollar bail out because they were greedy and sucked at running their business.
Government granted money to the banks although the government is now buying a stake in these businesses.
Government is ignoring the Automakers although it's possible that 3 million people will lose jobs if Bankruptcy is declared.
Other businesses are going to experience pain. should the government bail them out too?
Where is the line between bailing out irresponsible parties because the impact on the economy is so dramatic and wide spread that everyone suffers and where is the line of ignoring the fuckers and letting them sink into the stinky muck that they created because bad business needs to die?
What precedent is being set for companies in the future?
Bankers, with their industry in chaos, went out and spent half a million on a luncheon. They were sure the government would come in and save the day. is it good for our country to do that, or is it better to suck it up now... let hell on earth explode, and then companies learn not to be so stupid?
These are the thoughts I go back and forth on.
Our corporate culture is unhealthy, and regardless of the short term pain, the body is infected and I'm beginning to think it's infected enough that, while painful, the only solution is amputation and let them all collapse. this corruption and stupidity is abundant and it needs to DIE.
Problem is that I, and just about everyone I know, would be out of work in that environment. thinking about it more, that means people who were going to retire will be 100% depleted of all savings/401k (well, not all, but a SIGNIFICANT amount) Those are people where the "short term pain" is the rest of their lives.
Solution? Companies that become the life blood, of not just the region but the country... the government needs to step in to protect the people and verify that these companies are keeping themselves healthy. Either that or sit back and cross the fingers that companies all plan long term and ignore pressure from investors to take the immediate profits... yeah
I hear automakers and car salesmen and other business people complaining about the difficulty of loans. My company admits that banks are stricter, but you know what? They GET the loans. Why? Because they're a safe investment (surprisingly considering the industry is marketing).
I don't know how it is for others, but I hear about people on the radio complaining. Car sales men are complaining that they can't get loans for customers. There's a reason for it bub.
Automakers want a 25 billion dollar bail out because they SUCK at running their business.
Banks wanted a 750 billion dollar bail out because they were greedy and sucked at running their business.
Government granted money to the banks although the government is now buying a stake in these businesses.
Government is ignoring the Automakers although it's possible that 3 million people will lose jobs if Bankruptcy is declared.
Other businesses are going to experience pain. should the government bail them out too?
Where is the line between bailing out irresponsible parties because the impact on the economy is so dramatic and wide spread that everyone suffers and where is the line of ignoring the fuckers and letting them sink into the stinky muck that they created because bad business needs to die?
What precedent is being set for companies in the future?
Bankers, with their industry in chaos, went out and spent half a million on a luncheon. They were sure the government would come in and save the day. is it good for our country to do that, or is it better to suck it up now... let hell on earth explode, and then companies learn not to be so stupid?
These are the thoughts I go back and forth on.
Our corporate culture is unhealthy, and regardless of the short term pain, the body is infected and I'm beginning to think it's infected enough that, while painful, the only solution is amputation and let them all collapse. this corruption and stupidity is abundant and it needs to DIE.
Problem is that I, and just about everyone I know, would be out of work in that environment. thinking about it more, that means people who were going to retire will be 100% depleted of all savings/401k (well, not all, but a SIGNIFICANT amount) Those are people where the "short term pain" is the rest of their lives.
Solution? Companies that become the life blood, of not just the region but the country... the government needs to step in to protect the people and verify that these companies are keeping themselves healthy. Either that or sit back and cross the fingers that companies all plan long term and ignore pressure from investors to take the immediate profits... yeah