Google Doesn’t Need a Bailout!
Just to pause for a moment and reflect on the current debate if We the Taxpayers should be bailing out Wall Street to the tune of 700 Billion Dollars – Which by the way, is enough money to give 700,000 of us A Million Bucks Each!!!
Why should we pay for the foolish mistakes of greedy Wall Street Bankers? (This is especially true when the one pushing this deal, Hank Paulson, was the CEO of Goldman Sachs himself!)
No one is coming to bail us out when we do stupid mistakes, and neither should we do it for Wall Street.
Let’s take Google as an example. Google is financially solid, with almost no debt and a very healthy balance sheet. They don’t need any bailouts, and they continue to mint coin in this very difficult and challenging economy. Heck, they even make money when someone reads a NY Times article about the bailout. (Look at their ads on the bottom)
If you keep your eyes on the ball, focus on reducing expenses, and advertising wisely, you can make it even in this very tough environment. People are doing it everywhere, now is the time to strike!
My friend Perry Marshall has this to say about the proposed bailout. Read it, and take the lesson to heart.