700 Billion and counting.

I'm sure you have all read about this bail out package to the point your sick, me too. But in typical "Me" fashion I have to take it one step further.

I read Henry "Hank" Paulson's op-ed piece in the NYT today and the only thing I extracted from it was, "its bigger than we thought, we need more cash." It's like watching that 10 minute segment of "Independence Day" when all of the massive ships come drilling into the atmosphere and all of the people are staring up in disbelief and horror. Add to that some annoying Nelson Muntz style voice in the background saying, "We need more sky!"

My point is, of course the problem is bigger than you thought! What a surprise! It's like every other government run program, it starts with a modest assessment and then lo and behold, they need more cash. Now I know Paulson didn't come right out and say he needs another check, but read his NYT piece, about halfway through when he talks about "not enough fire power". Its cryptic for, open your wallets my fellow tax payers.

This whole thing has become a major joke with all of us being the punchline. AIG is scheduled to get 25B more, and that's after they all went to Cali and got massages. GM, Ford, and Chevy want some money, and even the state of Arizona has jumped into the mix. With all the beggars showing up in DC the one industry that stands to gain is the hotel chains.

As just an average person who spends his days trying to break out of the middle class, I have but one question on this thing, why? Why don't you let these companies who have failed to adapt to the new century just go under? No one is going to bail me out if I make bad financial decisions, so why should I bail out multi-billion dollar companies who have done the same?