By using this site, you agree to our Privacy Policy and our Terms of Use. Close
akuma587 on 15 May 2009
Edit Thread
TheRealMafoo said:
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.

Once again you are completely looking at the auto companies in isolation and not looking at the economy as a whole.  To use your analogy again, isn't it worth billions of dollars if you prevent a bomb that you know is going to blow up from killing 100,000 and it only kills 25,000?

I honestly don't understand why people claim the President can violate the Constitution, federal laws, and unilaterally invade other nations in the name of national defense but then turn around and have a shitstorm when the President loans companies some money for the sake of the economy as a whole.

 



We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls.  The only thing that really worried me was the ether.  There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke

It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...."  Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson