Quote:
Originally Posted by SomeCreep
General Motors' business has been declining for 30 years. They're not profitable. They've got 3 months of cash reserves, before they need to file for bankruptcy. If GM goes bankrupt, the economy will plunge near depression. Over 1,000,000 jobs will be lost. GM needs $25 billion dollars from the government to sustain themselves.
So now the government is asking, "Is GM's business truly viable? Or will a cash loan only prolong the inevitable?"
Not even soap operas get this good.
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We need to worry about the inflation that all these bailouts and inflation packages (stimulus packages) will cause. What good is a $15 dollar an hour job when a loaf of bread costs $20?