As General Motors sits back and waits for the government to bail them out from years and years of mismanagement, I'm wondering what it must be like for other companies around the country that have worked hard and effectively managed to maintain profitability, even during difficult times. Companies that are going under are being aided by the federal government and are being given extraordinary breaks while successful companies have been guaranteed additional taxes and fees by the incoming administration.
Where's the incentive to be successful in today's business climate? A successful company is still having problems securing loans and the government won't encourage additional investment in companies that aren't billions upon billions of dollars in debt. And why should a company continue to excel when the government has promised to steal more of its money? It's really a remarkable series of events to watch unfold. Fidel Castro must be proud.
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1 comment:
Geee, That would be just like responsible people paying their mortgages and then other people just defaulting on loans they knew they could never pay for. But then the GOVERMENT will help them out.
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