Originally posted by: dug777
Originally posted by: MBrown
Originally posted by: evident
chrysler needs to die (screw you 1990 plymouth voyager) , but i'll reluctantly give auto bailout money to gm and ford since they are trying
I agree.
No no no!
Autos don't have anywhere the same potential impact on the economy if they fail, so you can't compare financial bailouts to that.
It's also important to understand what Chaper 11 really means for a company, before wading into this debate.
Lastly, if you want an economic stimulus, the last thing you want is billions upon billions of dollars locked up in inefficient, unprofitable dinousaurs that are very limited (outside of Chapter 11) in terms of how they can restructure and get back on their feet, the fact they're trying (or appear to you to be trying) is irrelevant, if they were succeeding they wouldn't be where they are now).
You also open a door to every other dead-beat manufacturing industry that was already going down the tubes before the financial turmoil struck if you bail them out. All the financial crisis did was speed the process up...
Anyway, my 2c I guess
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