Well, GM fell today, sortof. I hate to say this, but it needed to. I personally think this huge bailout of banks, investment and insurance companies, automakers, etc. is ridiculous, and should never have happened. To put the icing on the cake, GM declares bankruptcy today, and gets another $30 billion in bailout money. What a way to reward failure! And then it turns around and grabs it's retiree's pension plans. Is that legal? I don't think so.....
Two really good blog posts on the subject:
On a Tightrope Without a Net by Sharon Astyk, and
June 1 2009 2: The Rule of Law Revisited by Ilargi at the Automatic Earth
The second blog post includes Ilargi's comments, as well as the text and links to, many financial news articles. I encourage you to read these excellent posts. When you read this, you may find that those "green shoots" are a little less healthy than the mainstream media depicts.
About Me
- AKfitknit
- I am a forty-something happily married Alaskan woman with 4 children. I have struggled with my weight for a long time, and I finally lost 42 pounds and kept it off, thanks to Take Shape For Life. Because it worked so well for me, I am an independent health coach with Take Shape For Life, and I love having the opportunity to help people lose weight and become healthier. I love to knit and I have developed a love of yoga and running.
1 comment:
the bail out programs are a joke
if u want something that works take a page from history
the last time this happend the government started a group fo civil engineers that built roads, dams, and city buildings getting people back to work
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