Boycott companies that beg for bailout money

They can take away my representation, but that can’t take away my purchasing power.

I’ve said it before, but it’s been frustrating to watch the ballooning growth of our national debt, after eight years of unprecedented ballooning. For a long time, it seemed as if I was powerlessness to what was going on—like I couldn’t fight back.

Not anymore.

Last week I resolved to boycott any and all companies that shamelessly beg, lobby, or feel entitled to bailout or stimulus money. Companies like GM, Chrysler, Bank of America, Citigroup, Capital One, American Express (that’ll be a tough one for me), and a whole lot more. From now on, I no longer plan to give these companies my money, and will seek to reward companies that operate responsibly (say Ford, that although troubled, turned down money, or credit unions).

Won’t you join me? If so, who else should I boycott?

—March 2, 2009

6 Comments

Sonya

Mar 3, 2009 at 9:22 am

What I don’t get is that for years these companies have penalized consumers for a late payment and oh say poor choices in credit card use. Why don’t they have to live by the same standards they set? We don’t get bailouts – now even if you have good credit and pay your bills on time they are penalizing you by placing holds on your cards because you hadn’t used the card in 3 months and all of a sudden made a purchase on a zero balance credit line. Their response? You hadn’t used it in 3 months that was suspicious to us. What the? I’m all for not supporting these companies!!

Mark

Mar 3, 2009 at 9:37 am

The only down side I see to not supporting these companies is they will ask for more bailout money. As long as our government keeps giving them money, we the tax payer will be stuck with the bill. I think the best thing we can do is get in contact with our state rep. and tell them to vote against any more bailouts. Let these companies fail and let the strong survive. We can’t just keep giving them money (whether our money or tax money) and hope the problem goes away.

Rand

Mar 3, 2009 at 10:47 pm

Boycott all of the Senators and Congressmen who voted for these giant wastes of money in the voting booth. Bennett is comming up for re-election soon, as are all of the Reps. If they voted for the bailouts, throw them out. The companies are only begging because they know they can count on our “public servants” to sell out their constituencies. How much of the bail out money do you think went back into campaign contributions? One dirty hand washes the other.

Jacki

Mar 4, 2009 at 1:14 pm

Yes… I will boycott the city of Atlanta and the state of California!

Mr E. Guy

Mar 27, 2009 at 10:52 pm

Try this…

I had a student loan from a bailed out bank. Let’s just say one of the ones that got a rather large sum of money. I’m only owe them about 3K. The government taxes the dog doo out of my single 20 something butt, even though I only ever make around 1400 or 1500 dollars a month uncle sam still takes 27% to spend on wreckless bailouts to wreckless banks. I decided to just default the loan, because the government is going to take my money and give it to the bank anyways. The people that call me from the bank think I’m absurd when I explain to them they have already been paid.

Joey

May 2, 2009 at 8:52 pm

The effects of this stimulus money will not be felt by us; our great-great grandchildren will be rightfully blaming us for causing rampant inflation, balooning national debt, and de-valuation of the US dolllar against other currencies.

The worse part is that this money given to banks was supposed to be for new consumer loans. The government assumed all bad debt and the banks received funds to stimulate lending. Instead, banks are buying up other banks and collecting interest on the TARP money that they are stockpiling. The banks are profiting by turning in the TARP money (negating responsibility to give out credit) and writing off the bad loans to taxpayers.

Blake Snow

writer-for-hire, content guy, bestselling author

Boycott companies that beg for bailout money

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