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#1 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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You can't blame the government for that, it's the result of those industries fucking up bigtime, because nobody regulated (controlled) them. Now the government has to step in and straighten out the mess, which is hardly what the government wanted.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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#2 |
“Hypocrisy: prejudice with a halo”
Join Date: Mar 2007
Location: Savannah, Georgia
Posts: 21,393
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I want to believe that. You have to admit it does set a very dangerous precedent when the government can intervene in a free market like that rather than letting some of those places just fail outright. Now here we are after throwing all that money at GM and it looks like they are going to have to go to bankruptcy anyway. How much did that cost us?
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Anyone but the this most fuked up President in History in 2012! |
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#3 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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I don't think bankruptcy for GM was ever not an option from my perspective. The money went to keep their hundreds of suppliers from going under also. Saving all those small/medium businesses from folding, through no fault of their own, and the millions(?) of jobs that go with it, was necessary unless you want a depression that would take decades to recover from. It still may take that long.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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