There are so many people who don't agree with this. Why should the Government continue to give bailouts? We know the pros and cons of all this. Those reasons I won't go into because they've all been discussed already. The people did receive help last year, with money that was supposed to be used to spread into our local areas so that it would boost our economy. That didn't work. Most people did the best thing, took care of bills. Some did spend. Some did half and half, paid bills, possibly buy that big TV, which was also being reasonable!
Everyday I wake up I hear of so many jobs being lost, people being laid off, everyday! I wondered too if some companies weren't using this economy as an excuse to just get rid of people? I know that isn't a good way to think, but geech, it's really so awful what is going and everyone is scared!
Companies need help, people need help, what is the solution? Is there a perfect one? No. Because no matter what is done, there will be a lot of finger pointing and blames all around as to why this shouldn't have been done.
My reasoning for bailouts for the American People is that lots of people are in over their heads. They cannot move forward, they continue to slide backwards. Not just those who got themselves in trouble of their own accord, but even those people who did what they were supposed to do are now in trouble!
My thinking is that if people were given enough to take care of say, at least 50% of their debts, then that would be a major relief, and perhaps then, they could move forward. Is that being too naive in thinking? Perhaps. Is the Government responsible for the debts its people created? Of course not! But let us look at what this could do for each person in the long term. People continue to be less confident because of the economy.
A small stimulus check didn't do it the last time, and won't do it now. Because people are even further in debt than they were before! They need a significant amount that will help to dig them out of the ditch they are in! I know that some people won't be mindful and do the right thing for themselves, and if they don't, then they continue to be idiots! But why should those who really need the help be denied just because of these few? This help should be given to all who need it, including businesses.
The auto industry received their bailouts, the banks did too. Then why shouldn't the American people should get theirs too!