Financial Recovery

President Bush and the US government is givingAnother thing that bothers the public is the total
loans of $17.4 billion dollars to GM and Chryslerinability of the Congress to function amidst
until March 31, after much heated discussion anddiscord, vacations, pay raises and general lack of
arguments about loans for automakers incooperation amongst themselves. This causes a
Congress. The money will come out of the $700lack of public confidence, and the economy in
billion dollars previously earmarked for financialgeneral begins a snowball of lack of confidence,
recovery, which sits better in the minds of somewhich in turn makes the economic crisis worsen.
people who did not want a separate funding putWhen people cannot pay their bills, are losing
forth.homes, and businesses, and it is a result of
The problem seems to be upsetting many peopleWashington policies and gridlock, the economy will
because the whole bailout theme is a lot likeshrink and fold up. Where are the homeless going,
flushing a ton of money down an endless drain.and who will feed them and take care of them?
Now other industries are coming forward, and theWhy are they looking, as the large companies are,
states are in need of funding, in an unending chainto the government for care?
of hands out for money.But, it seems that the people have voted at least
Whatever happened to fiscal responsibility andby half to choose government assistance
accountability, people are asking? And why, in aprograms under the new Obama administration
nation proud of independence, individual ability forpromises for a change on the way. Traditional big
success, and rights to pursue private enterprise, isgovernment programs are looming on the horizon,
the government stepping in and virtuallybut where will the money to pay for all these
nationalizing so many industries. The banking andprograms come from?
financial industry is now under governmentWhy are there not encouragements from the
control, and the automakers will hand over largegovernment and incentives from the companies
shares of their companies as security for theseto expand business and increase sales? Why do
loans. If the loans for automakers are not repaid,the people need to support loans for automakers
the government will own the car manufacturers!and business that cannot work out a balance
Yes, the government has a duty to work for thesheet and plan for success in advance? These
public good, and losing millions of auto related jobssame businesses give out millions in bonuses to
and businesses would indeed be a real and hardofficials, who have obviously failed in making the
disaster. But, there is a fine line between acompanies thrive, and this same government
government controlled state, or beginnings ofvotes itself pay raises continually, while the
government takeovers, and free enterprise. It isaverage "Joe" is losing both incentive and
a fragile line that can be broken and not repaired.property. One wonders where this stumbling
Where does this action put the US?effort will all go???