Social Media & Tech

Bail this out

I am not going to pretend to know the ramifications of the US bailing out every big industry from The Crednistas and Big 3 automakers.   I can just tell you as an every day American.  Whatever, happen to letting people fail.

How do you learn to ride a bike?  You start with training wheels and then your dad takes them off and pushes you down the road till he thinks you get your balance and he lets you go.  Maybe, he is there to catch you or not, but what does he make you do.  Get up off of your ass and skinned knees and elbows and sits you back on the bike seat to do it again and again.

What did you learn?  You learned what not do on a bike!  You don’t lean to one side while going too slow and or you learned to avoid that curb.  What do the Big 3 learn?  They learn to ask for more money and more money.

GM is a classic example of this.  They had a great electric hybrid coming out and then the plug was pulled.  They dump hundred of millions if not billions into it and then pull the plug as they do not look into the future and try to keep going.  Meanwhile, Toyota creates the Prius and it is a whopping success with the hollywood crowd to everyday Americans who don’t want to keep putting cash into the coffers of Middle East radicals that would rather kill us.

As a entrepreneur, I can hardly afford to spend too much money on an effort that I may just leave on the cutting room floor.  I have to put in my due diligence sometimes spending hours on research or as little as 5 minutes.  But, my eyes are wide open.  I, honestly, feel that GM spends money simply because it can, and do not think I am just blaming GM.  I am sure I can pick on all any of the Big 3.

I am disgusted most off all by the union.  Where else can you get laid off and make 95% of your normal pay.  Sign me up for that.   Just call me Riley.  Their refusal to make adjustments is sickening.  You all will lose your jobs if you are not careful.  I never understood the mentality of a strike, but this is fodder for another blog post.

When will the gov’t figure out that this crisis will be better solved on Main Street than Wall Street?  There is a Congressman that has the best idea that I have heard so far.  Income tax forgiveness the first two months of 2009.  The cost would be roughly $315 Billion, about half the cost of the Credit Market bail and the money could only be used a  couple different ways and they all would help the economy.  They would pay off debt, spend it or save it.

I am sure we all would spend it or pay off debt.  So, Congress hear me now and hear me clear.  Let Main Street help solve this issue.  Give us the ins and outs and we will do it.  We always have.

I am Dave