This is a word we have gotten used to hearing since the beginning of the summer when the economic problems in the United States took a turn for the worse. That was before thousands of people lost their houses in the United States due to over the roof interest rates and food prices skyrocketed worldwide causing riots in many countries. The most affected countries were the developing countries.
Before long major corporations were crying out for help and the US government was forced to lend them money to stay afloat or risk dealing with mass layoffs of workers which could lead to similar riots as seen in the developing countries. Some of these effects would not be limited to the US but would be worldwide as was seen with the AIG insurance company which does business in more than 75 countries around the world. If it went down the impact would be felt all over the world. But as soon as it was bailed out, it went held parties for its sales agents the common must feel short changed. They have said that they have to keep their sales agents happy otherwise there is no business, may be it is true. This money is not ree however and has to be paid back to the government.
Unfortunately the common man cannot benefit from any bail outs as this. In Canada the economy is still holding strong and looks like it will stay like that for sometime. The Prime minister has said that Canada’s economy will whether the storm. But does it not make you wish you could qualify for these bail outs whenever they come around? May be the closest you can come to a bail out is bailing out of burning plane or sinking boat, no pun intended!
