Quote:
Originally Posted by TripleXPrint
The Government can't let GM go under...it would be a serious problem for our National Security. Could you imagine if we let the big three go under and we got into a full scale war? We'd have no production plants to build any of our war machines.
I don't think GM is going to go under, they'll eventually get bailed out but the Government will have their hands buried deep in their operations.  |
I think thats only 1 of many parts why they won't let it go down...
The financial fall out of all the loans, bank owed titles / loans it still has and the immediate effect it has on that paper.
You also have to consider most of the states that are largely union thus democratic voters won't be hung out to dry otherwise democrats will feel there supporter base shrink real fast.
Also you have consider that would push various areas of the united states almost into a depression in terms of unemployment.
Right now the democrats are just playing smoke and mirrors so It looks like they are against bailouts and etc but are all for them...
The biggest thing I think is a misconception is that its a bailout rather than call it what it is a loan. Chrysler got a billion dollar loan some years ago and it was repayed ahead of time with interest.