Auto Company Bailout

Back again and the sh*t is may actually hit the fan. The government is currently meeting with the leaders of the big three to determine if and how much money will be granted to bail these fruit loops out. Apparently, these "leaders" are idiots. When you ask someone for money, especially the government, you should be projecting an image of need. Instead, each of these guys flies to DC on their company's private jet to ask the government for a cash boost. And deservingly, the government called them out on it. For one thing, the big three have not been good, corporate citizens for the past 50 years. For example, they were against the increase of the tax on gas, known as the "Green Tax" to encourage people to use less gasoline because of the increase in cost in order to benefit the environment. They still wanted people to purchase their huge, gas guzzling monster trucks by keeping the price of gas low. I'm all for a low gas prices, but not at the sacrifice of our planet. The problem here is that the government should not be bailing anyone, especially the auto industry, out of this mess. What ever happened to capitalism? Let nature take its course on all companies. The best ones will survive and the rest will die. Think of it as a periodic burn. Periodically, forests and grass lands catch on fire from a lightning strike and burn a portion of the area up. This is essential for survival and just part of the life cycle of nature. This should be the same way, just let it play out and the economy will eventually recover. Since the government bailed out AIG, everyone is coming to the table for hand outs. Where the hell is my bailout money for the credit card debt I have accumulated? The auto companies didn't adjust to the needs of the market and increase in competition from foreign car makers and now they are feeling it. They have been rotting from the inside out for decades. This has been a long time coming. Every dollar the government sinks into the bailout will compound the pain we will feel over the next decade. The US economy will not be known as the House of Pain, but rather the "City Block of Pain". It is going to be ugly. You can still take advantage. Keep stock piling that cash. As Buffet says, get greedy when there is fear and get fearful when everyone else is greedy!! The main thing to add to that is patience and reevaluation of your portfolio on a weekly basis. Peace and I'm out!!