| Final-Fan said: So you're saying that the timing of GM's failure would make no difference to the economy? |
No, I think it makes a big difference. We would have been much better off forcing them into Chapter 11 when they were no longer sustainable, then giving them money for months with no gain, yet we still have to pay it back. There is no bankruptcy for the US Government.
The worst possible outcome is this one. Spending billions to prolong the inevitable is the worst solution.
I will repeat what I said the first time the Government announced a bailout:
The government is acting like there is a bomb about to go off, and they are doing everything they can to defuse it. The problem is the bomb has already gone off, and the best course of action, is to clean the mess up and start fresh.
