thranx said:
It was money blown to keep business alive that should have sank. Why does GM/Chrysler get to stay afloat when they couldn't run their business right? Ford seemed to be doing fine with out governement help. Why do banks that lent money to people they shouldn't have stay in business? So they can repeat what they did and get rewared? If these companies had failed better instutions would have taken their places. Instead we threw moeny at a problem hoping it would fix it. Everything I read in the paper says things are not looking great. Consumer have no confidence as no one knows if they will have a job in 6 months to a year. The houseing market that was recovery (due to the government helping home buyers) seems to be receding again ( at least in my area southern CA). We should care because its our money being spent in frivilous ways, do you care to send me a check so I can buy a ps3? I would greatly apreciate it :) |
Why does GM/Chrysler have to stay afloat? 2 million jobs is why. First the factories close, then the people that create the specific parts lose their jobs, tire companies lose money, glass companies, paint companies, upholstery companies, then people with money invested in those companies lose money and start to go bankrupt. It would be a downward spiral that would equal the scale of the housing collapse. You think "Oh they didn't deserve it anyway, let them fall". Sorry, but working in the automotive industry taught me something..... EVERYONE depends on these companies. Car magazines get most of their advertisement money from GM paying hundreds of thousands of dollars to put a Silverado on the back cover. You have to look outside of the box and stop listening to everything the media tells you. They forget to include things that might allow you to think differently than they want you to.
Why do banks get to stay in business? The banks they bailed out were the top banks in the country. What happens if all of our large banks collapse? Can you say yet another downward spiral?
People think that just because the economy didn't 'perk right up' after the large stimulus that it was a failure. If no money had been lent for corporate bailouts.... then you would have seen what a failure truely looked like. Stop reading the paper. Start researching. No, things don't look good. I have to go through yet another couple years of college to earn another degree because the company I work for is closing. That doesn't mean I'm going to grab a pitch fork and start blaming the government, because I KNOW BETTER. You're trapped in the box and can't see anything but what people throw in to show you. LOOK AROUND.
