I’ve been hearing some people ‘ why should the US government bailout these Wall Street firms?’ ‘ Why should taxpayer money go to these companies that made dumb decisions?’ ‘ The financial crisis is just more fear mongering from Bush!’
‘ Why should the government bailout these companies?’ How bout this one reason–jobs. We’re not talking about the high paid executives here we’re talking about the administrative assistants, the HR people, payroll clerks, security guards, janitors, etc. When these companies go out of the business or get into trouble, I.e. Lehman Brothers, Bear Sterns, and AIG. These companies layoff people.
‘ Why should taxpayer money go to these companies that made bad decisions?’ Well, they did make bad decisions but more importantly they got greedy. Nor should we let the major executives get the "golden parachute". However, we are talking about companies that are in all parts of out life. You may have your health insurance through AIG. If they go out of the business your’ re employer or you have to go looking for a new provider ASAP and there’s no guarantee that you won’t be paying more. The jobs aspect comes back into play here as well.
‘ The financial crisis is just more fear mongering by President Bush!’ No, it actually really is that bad. Two examples can be found here and here. The one number that stood out to me is the amount of people involved in stocks directly or indirectly. You may not believe Bush but it really is that bad out there and for those of you who don’t think that this is effecting the rest of the World then you, like some European leaders have your head in the sand.