Homeowner Bailout – Loan Forgiveness – STATE OF EMERGENCY
So now we’re bailing out the auto industry. Who’s next? Every business is affected in some way by the recession but do all of them get to be bailed out by American tax dollars? If so wouldn’t it be better to just help small businesses Auto Detroit Bailout“businesses under 100 employees” than to help the giant companies that are run inefficiently with huge CEO bonuses. Of course the businesses have lobbyists and lots of them looking after 
their interests and lining politician’s pockets for their political careers but who’s looking out for us? And wouldn’t bailing out small businesses spread the wealth throughout the whole country instead of just concentrating on Detroit or just recently Manhattan. What is going on? Let these businesses fail. There are procedures for businesses to regroup its called bankruptcy.
Recently I saw the comparison on the news about how American Company Autoworkers are paid on average a little over $70 per hour while the Japanese Company Auto Workers working in the United States make just over $40 per hour. The American Company Auto Workers are unionized while the Japanese Company Auto Workers are not. The Japanese plants put out more cars and trucks per day then their Detroit counterparts. The quality of the automobiles is debatable so I won’t go there but the fuel economy of the Japanese Auto Makers is superior in most cases to the 
American Autos. If the American Automobile Companies business model is outdated and running in the red it needs to be changed by their high priced Harvard and Yale CEO’s not bailed out by you and me. Let them fail or every big business in the US will be lining up behind them.
I propose the solution of Loan Forgiveness. If all these huge corporations are getting bailed out then why not help out the taxpayers, the people, us? Now that we’re strapped with a trillion dollar debt and soon to be more to bailout every company with a hand out Homeowner Bailoutor political ties to the guy with the checkbook in D.C. Shouldn’t we be getting the money to help out us the homeowner the tax payer since we and our children are going to have to pay it back? Let the businesses fail but help the people – the people are the government not the corporations. If one of the main problems to our economy is the consumer and their lack of participation buying consumer goods then letting them loan modify at the new value of their home or walk away without any affect on their credit and no long term retribution from the debt collection companies that buy the bad debt from the banks is the option that should be considered.
I think the Federal Government should declare a SATE OF EMERGENCY just like they would in a natural disaster. And this economic disaster is far worse and more reaching with long term affects than a hurricane or tornado. I’ve seen my tax dollars go to hurricane relief and tornado relief and many other disasters all the time. Areas here in San Diego County and other areas of the country hit by the foreclosure tornado – hurricane - tsunami NEED HELP NOW! It’s time to help them – this is a STATE OF EMERGENCY!
What are your thoughts?
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