I'm officially against the 700 Billion Dollar Bailout.
For many of the reasons I said beforehand. It tries to save our failing economy by putting us further into debt which hurts our economy to save people who failed at helping our economy.
Seriously, let them die.
But I didn't see this coming... even though I should have.
I was told recently that the bailout had supplied money for some high executive party or some shit. I did some digging on this and found out that this is indeed true.
The insurance company AIG was bailed out 87 Billion dollars and half a million of this was used for a happy party at an expensive resort with the executives of this company including a large lump sum for 'spa treatment'.
This is retarded. I'm staying at home so as not to use gas and eating cheap food while the government-created-socialized-billionaires get spa treatment at a resort. This is why I hate socialism in any form. You'd think that people would value this money that the government is giving them to save their asses. But they KNOW that if they fail again, the government is going to simply bail them out.
The money that they've been given isn't theirs and therefore they will not treat it with the same care they would if they had earned it their own damn selves.
I believe this is going to be the first of many stories like this. The treasurer needs to come out and wash his hands of the duties assigned to him by this bill. Let the economy drop as the weak companies die, and then the strong ones will fill the gaps.
In the meantime, while the corporations are screwing themselves, something needs to be done to protect the American worker that is employed by the part of our economy that is doing well, which is the small business sector. The person who works at the flower-shop on the corner needs to be protected in this time of economic trouble. I don't see any efforts to do it.