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Old 01-30-2009, 04:05 PM   #18
jhargis
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Quote:
Originally Posted by SCRAPPYDO View Post
you people who defend the bailout, do you come from money? I mean are your parents rich? I find that people who are so willing to give money away, usually do not know how hard it is to come by. When you grow up rich, its far easier to support taxes and social programs, as you always had it. But find me a guy or gal that started poor, and busted his/her butt to make her life better and I will show you a person who does not want to pay more taxes and does not want to help those who will not help themselves. BAsically I will show you a republican


I really do not understand the method of thinking that giving GM money to keep them afloat for 2 more months before they declare bankruptcy is a good thing.

Let them file bankruptcy....let them off load the unions... let them compete without a 40 lbs gorilla on their backs.
Really well said, I completely agree. The only thing that i can't get over is that the entire scenario doesn't make sense whether you have money or not. I grew up in a 550sq. foot house until I was 8, and yeah I'm not a big fan of throwing money away. But even I can understand putting tax money toward the greater good where something will come out of it. What I don't like is giving my hard-earned money away and seeing no benefit from it whatsoever. There are good uses of tax money. Maybe putting money into infrastructure or something along those lines. A large chunk of my income goes to taxes, and that would be a lot less frustrating for me if I had nice roads to drive on, for example. Or even a decent small business loan program to create more competitive markets and generate jobs, at least a fledgling small business is starting with a clean slate so it's only a risk, not a nearly garunteed loss of money like GM is in their current form.

But when we dumping billions into such a large failing company without changing the root cause of their predicament, we might as well just burn the money... All that accomplishes is to delay their collapse for a couple of months, and it's plainly obvious that this is all a bailout will accomplish without MAJOR contractual concessions and major changes to the way in which they do business. If they're losing XBillion dollars per month, without making serious changes, they'll still be losing YBillion dollars per month in 3 month's time. The job bank is one of their problems, but they're not letting go of it completely, and it's only one of many huge problems that GM faces.
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Last edited by jhargis; 01-30-2009 at 04:38 PM.
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