View Single Post
Old 09-26-2010, 11:59 AM  
Vendzilla
Biker Gnome
 
Vendzilla's Avatar
 
Industry Role:
Join Date: Mar 2004
Location: cell#324
Posts: 23,200
Quote:
Originally Posted by TheDoc View Post
The money exists as much as the cash your pocket does... Every single dollar in America is debt. The moment the U.S. takes that dollar, it's a debt. Every dollar used to pay back the debt, is debt paying debt. The bailout money is debt when it's printed, debt when it's given, debt used to pay off debts, and when it's paid back, the debt is never paid off.

If we had no fed deficit today, we would still be in debt. If you paid the national debt off, every dollar used to pay that debt, would simply create more debt.

So it all depends on how you look at it. If we can get an American company to appear strong and knock some international competition back and it benefit any part of our Auto Industry, that could be beneficial.

However, with ALL the bailouts the auto industry in America has had, it's time we let them fail.
it wouldn't be the first time a US automaker went under, remember Checker, they made all those cabs, those things were like tanks and ran forever
Kaiser made a great car, a head of its time back in the 40's
__________________
Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about that
Vendzilla is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote