Wednesday, June 3, 2009

Bailout and Bankruptcy

After hearing on a news blurb today that Chrysler has filed for bankruptcy, I immediately thought of the billions of tax payers money they received as a bailout. It was about a few billion dollars so where was that money spent for them to still have to file for bankruptcy. I have not yet had to file for bankruptcy personally and pray I never will so I must admit that I am not fully knowledgeable about the entire process. It seems only fair that if it's said that all the bailout money was used, than an itemized statement be made available for the tax payers to view. I won't hold my breath though.

GM should have not gotten one damn dime since they destroyed those electric cars. Only if they agreed to began that program again would I be in agreement to giving them anything but even they got billions, it's a shame. That's not to say that I want thousands of people to loose their job but a lot were laid off anyway.

I am so angry. Bailout after bailout went to wealthy cooperations and if they were not then it's obvious they were not sound investors so they shouldn't be trusted with more money anyway. Yet, just a couple billion dollars would have gone so far with housing, food and education of the more financially strapped of us in this country and gotten the economy stirring from the bottom up much quicker than some trickle down effect.

Now with the horrific possibility of welfare rolls and health care for children being eliminated in CA and probably other states, that will truly cause our collective situation in America to go from bad to worse very quickly.

How can there be so many millionaires and billionaires who call America home and it be one child that goes hungry and/or homeless. I'll be fair and say that I realize that if a person don't know where they're next meal is coming from they most definitely should not be having sex and having a child/children. I also believe that, in the grand scheme of things, we are each other's keeper.

I know I want/need to do something, but what and how is my dilemma. Venting helps though 'cause this is enough to make my pressure go up.

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