I’m Confused

I know, join the crowd.  But why are our political leaders so quick to fund all these bail outs.  And to call them anything but bail outs is lying.

Just look at what’s happened with the first $350B or so.  All gone and all wasted.  I can guarantee that any loans given to the car industry will be lost as well.  They even say so themselves, “it will last no more than three months.”

We should let the car companies go bankrupt if that is the way it has to go.  I actually don’t think anyone will except for GM.   Trust me, investment bankers and competitors will come swooping in to buy them up and any unemployment will be short lived.  I’m fine with the government providing direct support to the unemployed and distressed homeowners.  I just don’t trust our ability to manage governmentally.

I’ve gone over this again and again as I’m sure you have and I come to the same conclusion.  We shouldn’t be bailing out any corporation or bank.  Individuals yes.

Where am I confused in my thinking?