First rant - economic bailout

So, while working on the floor, I was thinking about the economy and how it really sucks that my company that is small is going under, but large companies who really mismanaged their finances and were sucked in by greed are going to get a free pass and I, as a taxpayer, have to pay for it.

It just isn't right. But not wanting to be one who complains without a solution, I have come up with an idea that I hope will catch on.

I say we LOAN money to all the companies that need the money because they now realize that they shouldn't have given loans to people who couldn't afford to pay 120% of their take home pay on a mortgage or who continued to build cars that get 4 MPG with $4 dollar gas. But, let's give them the same terms we get when we need emergency cash - like with a credit card. Let's immediately charge them 3% finance charge for the cash advance, but we'll give them 6 months at a lower rate, let's say 2.99%. Fair enough. Should they make all their payments on time - great!

But, when they are 10 minutes late on that first payment, let's give them the same 31% interest rate they would give to someone with bad credit. Let's see how they like those terms. when they need more money, we can raise their credit limit, but we'll keep them at 31% APR. I would think they would go for it - I mean they did that to thousands of people for years.

If you like the idea, write your senators and congressman today (cut and paste this post if you like). Let's get this in place before we give them anymore handouts.

Back to the flooring.