Bail Me Out...

With all the "Bail Out's" happening, and being in the advertising business, I hear a lot from the small and meduim business's and I have to say, this is just silly.

These big business's like banks are being hurt cause of money problems. Yeah... Who isn't. The hot dog sales person on the corner of the street is also hurting. With the economy the way it is, people are just not spending what they did before.

So... Bailing out these big business's cause of dept is doing what exactly? The banks are getting money for the loans they have out, that the people cannot afford to pay cause they were laid off or fired from their job, or have decided that food and family is more important than a summer home. So, the bank in essence is getting the money from the government to help pay off their debts, that is from their clients, and yet the banks are still going to charge their clients.That is just one example of it. The Auto Makers are similar.

So, what part of this makes sence... You need to start at the root of the problem, and not the top. Just like the chain of command you need to start at the bottom and work your way up. Staring at the top will not do anything for the people at the bottom of the chain, and that being the general public. How is bailing out the banks helping me? It is not. I still have a loan through them, and luckily I am still paying on it. If my bank was to get a bail out cause of the stress on their debts.... You think my loan would decrease or drop in price? NO... I would still pay for it, and the bank will have just gotten some free money.The small business's where we get most everything we use in everyday activities are the ones hurting. Being with one of the largest phone book publishing /advertizing companies, I speak a lot with the small and medium business owners. It is nothing rare to get a call from someone to cancel all of their ads they have cause the business is closing or they have no money. And that is sad. The business's that I would say most US people purchase 90% of their goods from are closing shop cause they are not getting any business, or enough to maintain. So, they cancel their advertising. That is not very good either, cause should the economy have a turn around, they will be out of the competition and could hurt them even more. I can understad reducing ads, but not canceling all advertising.

What is happening to these business owners or business's? Nothing no money no assistance. We are too busy bailing out the large companies that can reduce headcount and survive, or cut bonus's (yea AIG made me mad).I say start at the bottom and pay off the debt that people cannot pay back to the banks. The consumer gets their debt removed, the banks get their payments, etc... It will all work out that way.

I feel really bad for all the small and medium business owners and employee's. They are getting hit the hardest, and of course makes it harder on everyone else. And I really hope things improve soon, or we may start seeing business's that we know, and have been around forever, close. I

want to know why it is just the huge business's that are getting the financial assistance from the government. I cannot get approved for any kind of assistance, cause my credit sucks, and there are things I need and do without, and yet all these huge a multi employee companies are getting assistance. And I do not think they are in as bad a shape as a lot of other people are.