Bailout!

It was two weeks ago when I just had to smile when I read about Detroit's big three's - Chrysler, Ford and GM - request for assistance or more accurately, a bailout from Congress worth $25 Billion. But their request was not granted (Phew). Unless they show Congress solid plans that detail how they would use the $25 Billion to return to profitability.

Now I'm laughing myself silly because this time when the big three (but not big anymore) returned, they are now asking for $34 Billion.

$34 Billion bailout! Hahaha!

$34 Billion bailout to get these car manufacturers back on track. Hahaha!
$34 Billion bailout for poor management! Hahaha!
$34 Billion American taxpayers money to pay for these car manufacturers' mistakes! Hahaha!
$34 Billion bailout to subsidize the big three's executives' salaries that are so high that we need a lifetime to earn when they only need a year. Hahaha!

I always thought that the fate of businesses should be determined by the consumers. If no one is buying then you must be doing something wrong. And if your not making money its time to let others take over, restructure or shut down.

It was two weeks ago when I just had to smile when I read about Detroit's big three's - Chrysler, Ford and GM - request for assistance or more accurately, a bailout from Congress worth $25 Billion. But their request was not granted (Phew). Unless they show Congress solid plans that detail how they would use the $25 Billion to return to profitability.

Now I'm laughing myself silly because this time when the big three (but not big anymore) returned, they are now asking for $34 Billion.

$34 Billion bailout! Hahaha!

$34 Billion bailout to get these car manufacturers back on track. Hahaha!
$34 Billion bailout for poor management! Hahaha!
$34 Billion American taxpayers money to pay for these car manufacturers' mistakes! Hahaha!
$34 Billion bailout to subsidize the big three's executives' salaries that are so high that we need a lifetime to earn when they only need a year. Hahaha!

I always thought that the fate of businesses should be determined by the consumers. If no one is buying then you must be doing something wrong. And if your not making money its time to let others take over, restructure or shut down.

Didn't the big three think that the answer to why nobody is buying because they're selling ugly gas-guzzling cars.

Hahaha! I just had to laugh.