now why should they bailout these idiots.

so Congress can stay in good graces with the unions?

quote:

Originally posted by daydreamer now why should they bailout these idiots.

Because if the goal is to stabilize the economy losing hundreds of thousands of additional jobs isn't the answer. plus, what's 40 billion when the financial aid given to banks far eclipses that number.

bump

America's manufacturing capabilities continue their downward spiral. Letting the auto industry fail would accelerate this decline. Super powers with sub-prime manufacturing capabilities cease to be super powers.

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Because no one else knows what to do with all those line workers.

Why bail them out? So they can save thousands of jobs I would have thought was the obvious answer. However, every corporation bailed out by the government (in any country) should surrender a lot of control to that government, they can't just be allowed to carry on as normal and get into the same mess they have done now. I think any "bail out" should constitute the buying up of shares in that company which would in turn benefit the country as a whole if the government is investing in extra revenue income sources

quote:

Originally posted by George Smiley Why bail them out? So they can save thousands of jobs I would have thought was the obvious answer. However, every corporation bailed out by the government (in any country) should surrender a lot of control to that government, they can't just be allowed to carry on as normal and get into the same mess they have done now. I think any "bail out" should constitute the buying up of shares in that company which would in turn benefit the country as a whole if the government is investing in extra revenue income sources

They're loans, they have to pay back interest and it'll be organized so that the taxpayers are 1st in line in the case of failure (i.e. before bondholders and stockholders). There may also be equity stakes, just as there were with the banks.

___________________
"Go back to bed america your government is in control
Here's American Gladiators, here is 56 channels of it,
Watch these picturary retards bang their fuckin' skulls together and congratulate you on living in the land of freedom,
Here you go America you are free to do as we tell you
We want your soul
Your cash, your house, your phone, your cash, your house, your life" -Adam Freeland - We Want Your Soul

quote:

Originally posted by Groundhog Boy They're loans, they have to pay back interest and it'll be organized so that the taxpayers are 1st in line in the case of failure (i.e. before bondholders and stockholders).

I am all for that.
the loss of the auto industry would be devestating to this country. From the line worker to the dude that makes that line worker's uniform....and the lady that works for the food company that supplies the industry's food services...

it would be devestating

Unless they start making better cars, they'll need to be bailed out every couple of months...

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1+1=10

quote:

Originally posted by Groundhog Boy They're loans, they have to pay back interest and it'll be organized so that the taxpayers are 1st in line in the case of failure (i.e. before bondholders and stockholders). There may also be equity stakes, just as there were with the banks.

First claim on zero dollars! YES!

quote:

Originally posted by atbell First claim on zero dollars! YES!

Yeah, because they have zero assets that can be liquidated.

___________________
"Go back to bed america your government is in control
Here's American Gladiators, here is 56 channels of it,
Watch these picturary retards bang their fuckin' skulls together and congratulate you on living in the land of freedom,
Here you go America you are free to do as we tell you
We want your soul
Your cash, your house, your phone, your cash, your house, your life" -Adam Freeland - We Want Your Soul