The Tail Of The Tiger

As you have no doubt heard, the "Big 3" are the next industry that has been anointed worthy of being bailed out by the government. On Monday, there should be motions in place for a speedy passage. I expect that the first payments will be virtually immediate to GM.

This is bad business. It reeks of organized corruption. It ensures that the American tax payer will be held liable for future business failures. It is the antithesis of everything democracy and free enterprise are supposed to stand for.

It should be duly noted that the Big 3 are putting this "crisis" clearly on the shoulders of the shattered economy in the USA and around the world. They seem to take no responsibility for their actions over the past decade. The "no one could have predicted this series of catastrophic financial events" excuse just seems a bit too convenient. If you think this is the end of corporate bailouts in this round, I think you may be surprised at what comes next.

Obama is already talking about a "New Deal" style plan that will create millions of jobs building and rebuilding infrastructure. The areas being targeted are roads and bridges (oh how I hate the word bridges), and of course, the ultimate cash grab, the Health Care industry. Expect the hundreds of billions of dollars worth of infrastructure costs will fall squarely on YOUR shoulders. These costs will not be borne by the wealthy, or by corporations. YOU will pay. Your children will pay. Your grandchildren may even get it paid off before the next wave of crisis arrives.

If you go to hunt a tiger, you need to be adequately armed and equipped. If you jump in quickly with out the right gear and preparation, and grab him by the tail, do not be surprised by the tiger's reaction. After all, you knew what he was when you grabbed his tail.