Quote:
Originally Posted by Mutt
not me - i think the GM situation is the perfect symbol for the dawn of a new era - no bailout, let the union and GM figure out a way to survive and if they can't - buh bye, they both fail. god knows how much the CEO and directors have stashed away.
banks shouldn't have been bailed out either - i see they're now fighting in Congress - they don't even fucking know what to do with the hundreds of billions. one thing I know is that a good percentage of it will get into the wrong hands.
what a mess. nobody has a clue. that's the worst part of getting older - you realize that nobody really knows anything.
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Yeah they should fail and all Americans should have to drive Japanese cars
The whole situation sucks, sure....but if you want to set off the next Great Depression, let 3 million people lose their jobs and health insurance on the same day.
Unlike what Paulson has done with the bank bailout though, there should be lots and lots of strings attached. There needs to be a way for taxpayers to get their money back, and GM needs to agree not to lay off anymore workers in exchange for getting the loans.