View Single Post
Old 11-08-2008, 02:15 PM  
IllTestYourGirls
Ah My Balls
 
IllTestYourGirls's Avatar
 
Industry Role:
Join Date: Feb 2007
Location: Under the gold leaf ICQ 388-454-421
Posts: 14,311
Quote:
Originally Posted by SomeCreep View Post
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.
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?
__________________
IllTestYourGirls is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote