Quote:
Originally Posted by Robbie
Yeah, I think we have to let them go bankrupt and start over. I saw a Senator on the news this morning who pointed out that Chrysler is owned by a parent company that has 25 billion dollars in assets. And that parent company refuses to bail out it's own holdings (Chrysler) because it sees any money that if puts in as lost.
I feel that's what will happen with taxpayer money. It pretty much will be just throwing the money away and buying a month or two of time. Because the auto makers are going to continue to fail. Sucks.
|
Yeah start over right after the Great Depression part 2 is over. yeah Wall Street rich guys that produce NOTHING get $700 billion people who bust their ass everyday WORKING get nothing. By the way the amount they were asking for $14 billion was only 1/4 of Bill Gates bank account.
People don't get it once these companies go belly up it's not just the auto workers that are out of the job, factories that make the parts for the cars will go belly up. Place that supply those factories will go belly up. Now that you have hundreds of thousands of more workers in towns all over America without jobs places like stores and restaurants that depend on those workers coming in and buying things won't have those workers coming in because they don't have jobs. So those businesses will either layoff workers or go out of business.
Oh yeah all these people that will now no longer have jobs will get unemployment and food stamps. Where does that mney come from? Yes we the tax payer. And it's going to be a hell of a lot more than $14 billion.
By the way this was a LOAN not a bailout. The 2nd Great Depression has now begun. enjoy.