Government Bailouts
Article Tools
-
1
Liked it 
Subscribe to RSS
There has been much debating over “The Big 3″ bailout. Could there have been a better solution, one that would have helped everyone in the United States rather than just three big auto companies? I think so.
When we first heard about the possibility of the government bailing out “The Big 3″, I heard discussions where some people were very much in favor of the plan and some people were adamantly against the plan. I heard people questioning whether there could’ve been a better solution for everyone’s financial fall rather than just a solution for our three biggest auto companies financial fall. My husband and I sat down one night after our children went to bed and began discussing what else could be done to help the failing economy, and he had an idea that made sense. “What was his idea?”, you ask.
There are almost 305 million people in the United States. The government could have given each person in the United States a 1 million dollar bailout with strict guidelines on how that bailout was to be used, such as buying a new house or paying off the mortgage on the current house, paying off all debt such as credit cards and medical bills, and any personal or business bank loans, buy at least 1 new vehicle or pay off the loan on the current vehicle, invest, set aside an amount designated for children’s college tuition, etc…
While it seems like a simple and maybe unrealistic “fix” to our economic failure, it is also a bailout plan that would benefit everyone in the United States. If the government actually put some thought into the spending stipulations placed on this bailout plan, maybe our economy would begin to grow and people wouldn’t have to face an uncertain future with possibilities of job loss, failing health, transportation issues, etc… Car companies would benefit, insurance companies would benefit, home builders would benefit, colleges would benefit, banks would benefit, credit card companies would benefit, and the list could go on and on.
Who benefits from “The Big 3″ bailout? The executives and employees who work for “The Big 3″. Does this bailout plan benefit the average individuals who are still struggling to find a job to support their families? Does this bailout plan help the average individuals to repair their credit enough to allow them to purchase a new vehicle? Is this a plan that is going to benefit everyone in the United States? My answer is “No”.
1 Comment
Heidi,
I think you may have misunderstood what I was trying to say in the article. I wasn’t talking about a “hand-out” where everyone is given 1 million dollars to go out and spend on whatever they want but rather that the government find a better solution to the economic situation we are in besides bailing out big businesses such as the car companies and banks. If they are really set on bailing anyone out then they should find a bail-out plan that would benefit everyone, not just the big businesses. I was just attempting to make people think about the reasoning behind the “Big 3″ bail-outs. Why does the government think that bailing out the big businesses is going to strengthen or better our economy when individuals and small businesses will still be left struggling to make ends meet?