Bailouts? Whatever happened to boot straps?
The auto industry is next in line for a hand-out...but people are starting to question, "What will it entail?"
It makes no fiscal sense to go back to business as usual. A crisis of this magnitude calls for new attitudes and approaches. Everyone involved needs to change their ways and means.
This applies to all of us.
It doesn't take a degree in economics to understand the need to get back to ba$ics or to recognize that a house built on cards instead of cash will soon crash. That goes for the consuming of all goods.
So why should we bail out irresponsible industries?
I understand the ramifications of inaction--a devastating domino effect--but it sends the wrong message--that bad decisons might not necessarily be held accountable--and runs polar opposite to what we were taught about financial responsibility.
So where do we draw the line?
I may not have the answers but this much I know: we need to keep asking the questions.
