If I had to choose…HEY! Wait a minute – why can’t I get both? The government is having a ball with our money these days. Just stick your hand out and something’s likely to land in it, especially if the Democrats have there way with the checkbook. “Spend now and worry about the tab later…” is roughly what I believe Obama said. Personally I don’t have kids, and being the selfish prick I am, the buy now let them pay later mentality kind of works for me.
Now the Big 3 fiasco is another color altogether. This is a matter of principal – not just ecomonics. The big 3 auto companies should be treated just like any other company with VC investment money. After the 1st round of financing, they get scrutinized, re-evaluated, and the decision is made whether or not 2nd round financing is warranted. Unfortunately, the VC investors in this case are the US taxpayers who have no say in their investment monies. It’s about time these big companies are held to the same standard as most other businesses – either keep up with current market demands or fall by the wayside. It’s not like they didn’t see this coming.
Now if all the freakonomic BS hasn’t chapped your ass already, take a look at this link and then come back and tell me your alright with your current financial status: Bonuses Baby!!!
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