A question about the Bailout?

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Sassydude

A question about the Bailout?

I am hearing that all the money that was given to the BANKS in the first phase of the bailout has gone missing. They say that perhaps they did not put strong controls on it and it ended up going into the executive salaries. Will we make this mistake over and over and will the AUTO money follow the same route,. Is Barack going to follow up on this.? Perhaps if they give each taxpayer 30.000 and let them go buy a car it would be a better way.

latachia_2

The government needs to make them accountable,the same way the did with the auto industry.

pushstroke

One never knows until it happens no matter what the populous has to say.
As for the Banks, the stink'n rich helping the stink'n rich. Next you'll see Charity balls to assist in sending a rich kid to camp.
If they threatened to foreclose your home, would you be entitled to a bailout?

Still Bored

If what you say is true then the government should take over all the banks and auto industries, because the government never goes broke. Thanks to the tax payers.

LoNgHaIr

That idea sounds great if it was limited to vehicles made or assembled in the united states, This would keep the money were it was intended to help. Hell if the government even gave $5,000 vouchers it would kick start the economy immensely.

remowlms

What do you think would happen to the price of a car if the government gave everyone a $30,000 coupon to buy one - you guessed it, the price would go up by $30,000. Don't you wonder why the price of a digital converter box is $49.99 - because the government gave away $40 coupons. The box itself would sell for $10 if that hadn't happened (if you doubt me, check the prices on ebay)...

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