Where will bailouts end?Written by Heather Miller | | firstname.lastname@example.org
Apparently it is okay to spend way more money than you have. It’s okay; at least that’s what the government and the auto industry are leading us to believe. If that is indeed the case, well then sign me up for some vacation property and a Maserati.
Whether America’s “Big Three‚” need a government handout or not isn‚t even what bothers me the most. It’s the fact that they are in this situation to begin with. Don’t get me wrong, I do not want to see G-M, Chrysler, or Ford fail. Northwest Ohio and thousands of jobs here depend on them. However, what happens when my husband’s business fails? Or my employer? Or the sub shop down the street? That’s what I thought.
Maybe big business needs to run their companies like I (and most people I know) run their households. If the money isn’t there, we don’t spend it. I’d like to give my mom credit for raising me into a responsible adult, but let’s face it folks, this is just plain common sense. Sure, I’d like to be jetting off to a white-sand beach on some private Caribbean Island for the holidays. But, the closest I’ll get is a tanning booth on the banks of the Maumee.
All of this talk recently regarding government bailouts, the recession, and a tight economy has brought back many memories for me. I think back to the early ’80s when I found my mother sitting at the table balancing her checkbook with tears in her eyes. “What’s wrong,” I asked innocently asked. I couldn’t have been more than eight years old when looked over at me and told me she didn’t want to go on food stamps. That was reality. The money just wasn’t there.
Mom did what she could to stretch her paycheck and $20 a week in child support. She still apologizes for putting my sister and I to shame when we had to go through the elementary school lunch line and hand the cashier the ticket for our reduced price lunch. Yep, that’s what the poor kids did, and it hurt. Maybe the CEOs of these big money companies should have to feel what that’s like. Instead, they fly around in private planes while their employees‚ kids qualify for a free lunch.
My mom got creative when it came to making ends meet. She moved me in to my sister’s room, and rented my bedroom out. I’m sure it wasn’t ideal, but it worked. She paid the mortgage, and the tenant had a place to stay. Hard work and ingenuity is what got mom by. Perhaps she could share some of her wisdom with the world before any more big businesses beg for another bailout.
Heather Miller is a reporter for FoxToledo.