akuma587 said:
The reason why the government (under Bush) intervened to help out GM and Chrysler a few months ago was because the economic situation was bleak at best. There was too much bad news at once, and allowing those companies to go under at that time would have been like dropping an anchor through a sinking ship.
Now that the economy doesn't look quite so bleak, bankruptcy is a viable option as it won't really drag the rest of the economy down to the extent it would have if the government had let GM and Chrysler slip into Chapter 11 a few months ago. If a few billion dollars was all it cost to avoid the economy driving off a cliff, that was a bargain.
It was never really about the car companies themselves. It was much more about the effect it would have on the economy as a whole if they went under at that point in time. That is what a lot of people are missing.
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Sorry, but this is BS. The market is what the market is. Trying to save it by killing it slowly at a much larger cost, makes a worse market.
Saying it saved people in any way, is 100% wrong.
