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Bailouts By Robert Thomason The United States faces incredible challenges on many fronts. The economy is going through an unbelieveable adjustment. Who knows where it will all end. There are predictions of a one trillion dollar deficit for this budget year. The magnitude of that is almost too much to comprehend. The economic meltdown is now world-wide. Will the bailouts work? Probably not, hard economic times discourage consumers and businesses from spending or borrowing money. Bailing out the auto makers might help their workers and their suppliers for a while. It's not going to bring buyers into their dealers to buy cars. Would be buyers are going to be paying down debt and making do with what they have; or doing without. When you are unsure about keeping your job or how well your business will fare in uncertain times, you're not looking to take on new obligations. The bailouts for financial institutions and other businesses like the auto companies are simply postponing the moment of truth. Bad economic times are usually the result of bad economic decisions. Eventually, the dead wood in the economy will be shakened out and the recovery will start. It will be painful and we will not enjoy any part of it, but it will come and we will get over it.

Contributed by Robert Thomason on December 17, 2008, at 7:03 PM UTC.

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This intel was contributed by Robert Thomason Robert Thomason

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