I've changed my mind on the bailouts.

I've had a change of opinion about something I thought I had figured out. I lost my job in IT in Oct. 2008. You remember when Wall Street nearly folded and set us all on our ear. Then the auto industry went begging to our govt asking for loans. Loans none of the rest of us could get. Like most of us, I was upset by that. I though maybe GM might of been a decent risk, but Chrysler? How many times do we bail out Chrysler?

Now, two years later, I have a new job. With an automotive supplier. And guess what, one of our big customers is Chrysler. I have no doubt that if we had let Chrysler fail, and/or GM, this job would not be available. It was tough for this 63 year old that isn't quite ready to retire to be out of work for two years. Selling computers at Best Buy was interesting, but at $10 an hour, not getting the job done.

Now, GM is doing well, Chrysler, better, and we will see. The economy seems to be turned around and maybe even improving. There are many signs that things are getting better. Not as quickly as we want, but this was not a normal recession. Things have changed for good, and we (everybody) needs to find new ways to compete or find income.

I for one am glad the govt bailed out Chrysler, if I can keep this job for another 4 or 5 years I can retire on my terms, not out of necessity.

I wonder how many thousand others had a similar experience.

I am still pissed at Wall Street though.