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Geoff's Blog: Bail Out

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Geoff's Blog

Geoff Pinkus

Bail Out

11/12/2008   Comment on This

What are we teaching our kids if we constantly are bailing out the businesses that made terrible decisions? I don't want to see workers lose their jobs. That being said, take GM for an example. The workers and the union stuck it to them so much that there is $1500 PER CAR of health benefits for each worker in a General Motors car compared to $115 worth of health benefits in a Toyota.

I am no foreign car lover, but we all vote with our wallets. Why should we pay for less quality and more money just because of a GM car? They made bad business decisions, period. If they go, they go, period.

Should the government also bail out the morons who signed the mortgage papers without realizing what was at stake? Where is the accountability? Should I tell my kids that if they make a bad decision and not study, only to get a bad grade on a test, that Daddy will run and complain to the professor?

This country really has gotten soft. It has nothing to do with being a Democrat or Republican. Remember Harry Truman? His nickname was "Give em hell Harry." He was one tough customer whose motto was "The buck stops here." I know times have changed, but certain principles apply. Don't blame other people for your mistakes. Be accountable. Seek wisdom and take action and you will live a productive life.

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