Friday, February 27, 2009

Who should the Government help out?

One of the biggest topics that people are discussing right now is the stimulus plan. Who should the Government help out? I find it funny that so many people are complaining about the Government helping people to keep their homes when they should be more upset about them pouring more of our money into bailing out Wall Street bankers. While reading articles I came across this one. Read. It’s by Maureen Dowd a columnist on The New York Times Op-Ed page since 1995 and winner of the 1999 Pulitzer Prize for distinguished commentary.
It’s hard to believe that we are giving Wall Street bankers more money after they have shown that they don’t know how to manage it. In her column Maureen Dowd reveals some of the irresponsible ways that they used the money from the first bailout. For example, when A.I.G. executives were caught taking an expensive retreat right after receiving money from the Government.
Maureen quotes Rudy Giuliani defending the bonuses, “telling CNN that cutting them would mean less spending in restaurants and stores.” Then she says, “Even without bonuses, these gazillionaires can still eat out.” I completely agree with her. It’s not like they aren’t going to still be living well without the bonuses. They shouldn’t have used our money to give out ridiculous bonuses. Shouldn’t companies give bonuses for a job well done, not for running a company into the ground?
I think Maureen Dowd is trying to speak to an audience that may be resentful towards these companies that are mismanaging our money. It’s kind of like trying to help out a drug addict by giving them rent money and being disappointed by them when they use it to buy more drugs and then being stupid enough to give them more money. They haven’t changed any of the habits that got them in trouble in the first place.

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