Sounds like a typical knee-jerk reaction by politicians trying to score cheap points. Although we'd like to see everyone at AIG working for half-salaries and reusing paperclips, there are realities to business that the lay person...or reactionary politician...doesn't get.
Neil Kavuto had an interesting solution...that a condition of any bailout would have to be the resignations of the CEO and top executives...sans parachutes. The reactions would be interesting.
I agree, that our economy is tanking rapidly. I said it months ago that it will get worse, and many said it was already tanked, I laughed (not at the economy, but their beliefs) and said it would get worse. I wish I could predict the lottery with such accuracy! ;)
Oh...I agree, and I really need to turn off CNBC and Bloomberg as well as to stop reading those economic blogs because worldwide economies are so screwed.
>>the only thing is - what point is there to bailing out the auto industry when people can't afford to buy?
the people are who need the bailouts ... if they could BUY the industries would be better off.<<
I was all ready to agree with you, then I remembered that they are worried about the all the auto workers losing their jobs. I don't even know the ballpark figures of how many will be out of work but they are all clustered together, I think I heard that its Michigan, Ohio and Wisconsin.
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Our economy is tanking rapidly, so I'm thinking that we're going to try to bail out the automakers.
Sopal
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Both GM and Toyota have similar models from small to large.
http://www.toyota.com/byt/pub/init.do?
http://www.chevrolet.com/lineup/
the only thing is - what point is there to bailing out the auto industry when people can't afford to buy?
the people are who need the bailouts ... if they could BUY the industries would be better off.
Sopal
<?xml:namespace prefix = v ns = "urn:schemas-microsoft-com:vml" />
Oh...I agree, and I really need to turn off CNBC and Bloomberg as well as to stop reading those economic blogs because worldwide economies are so screwed.
Sopal
<?xml:namespace prefix = v ns = "urn:schemas-microsoft-com:vml" />
>>the only thing is - what point is there to bailing out the auto industry when people can't afford to buy?
the people are who need the bailouts ... if they could BUY the industries would be better off.<<
I was all ready to agree with you, then I remembered that they are worried about the all the auto workers losing their jobs. I don't even know the ballpark figures of how many will be out of work but they are all clustered together, I think I heard that its Michigan, Ohio and Wisconsin.
Pages