Posted by Usually I would take this time to write a humor piece, but I read some news today that really shocked me.
Of the 1,023 Americans surveyed by the Opinion Research Corp and CNN, 76 percent, or about 777 Americans, agreed that the government should let General Motors and Chrysler, America’s two biggest automotive companies, file for bankruptcy and not be given any government assistance.
Sixty-three percent said they weren’t likely to buy from an automaker that was bankrupt.
Now here’s how I see it, along with 22 percent of Americans: With the current state of the economy, shouldn’t we be keeping the money here at home instead of allowing two of our biggest companies go under?
We need to be keeping the money in our economy rather than let two of our biggest companies falter and have our American dollars be sent overseas to stimulate the economies of other countries.
If the government were to loan more money to the two automakers, regulations should be set to where the money will be paid back within a certain timeframe and with a high interest rate, which will help bring back our economy. Regulations also should be set in place where the two companies cannot go out and have a huge “weekend retreat” (cough, cough AIG) and none of the higher ups can receive their HUGE insane bonuses.
They need to stop being so greedy and take a hit, too. We all know all of us here in Middle America are feeling the burn.
