Who Won't We Bail Out?
by James Glaser
November 17, 2008

Right now we are into bailing out bankers and insurance companies, but should we stop there? What about the auto industry, or states, or cities? You just know the airlines are going to step forward with their hands out soon. Should we help out Best Buy, and then those coffee sellers? They all employ lots of people, too.

The New Your Times has a headline that says, "G.O.P. Senators Oppose Auto Bailout."

Is that bad? Don't we need somebody someday to say, "Enough is enough." Is it wrong to stop the give-a-ways now?

The Times was quoting Senators Jon Kyle of Arizona and Richard Shelby of Alabama. The two of them were asserting that an auto bailout would only postpone the industry's demise.

"Companies fail every day and others take their place. I think this is a road we should not go down," said Mr. Shelby, the senior Republican on the Senate Banking, Housing and Urban Affairs Committee.
"They're not building the right products," he said. "They've got good workers, but I don't believe they've got good management. They don't innovate. They're a dinosaur in a sense."

Isn't it about time somebody from Washington started saying something like that? Businesses fail all the time, and just maybe we should invest our money in something new. Better yet, maybe it is about time that we admit to our selves that we don't really have the money with which to bail out anyone.

Times are tough, and I hate to see lots of people lose their good paying jobs, but if keeping those jobs going bankrupts the country, nobody wins. We can't save everyone's job. In capitalism there are winners, and there are losers. Washington wants to make it so there are only winners, but in the end that will make everyone a loser.

All you have to do is look at the National Debt, and then take a gander at all of our unfunded mandates like Social Security, Medicare, and Medicaid. Look at the nation's infrastructure, and you will see what I mean. We are becoming broke if we aren't already there.

Soon people from both political parties will be joining Senators Kyle and Shelby in voicing their vote against more bailouts. Not because they want to, but because we don't have the money.

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