Quote:
Originally Posted by PsyDoc
So, let me get this straight. Right about the same time Congress passed the $700 billion bailout bill, they also passed a $25 billion dollar bailout for the big three. Granted, the bailout for the big three received little attention. Now, the big three are coming back to the table because they are still hungry? What the hell?! |
OK..........
First-- not one dime has passed from the Government to the Detroit 3.....and it may not pass for several months. (Governments don't run much very efficiently...) FURTHER -- that money was requested months ago to help everyone develop alternative fuel solutions -- and that helps the United State of America............everyone benefits.
Second -- and pay CLOSE ATTENTION: it is NOT a Bailout. A Bailout implies money given freely.
GM is simply asking for low-interest loans -- which we will pay back in full with interest -- until we get thru the current economic conditions........
Go look at what some foreign governments GIVE their auto industry --
GM made it very clear -- ONCE AGAIN - that bankruptcy is not something we want to contemplate..........
It would be very easy to go chapter 11 -- and pass all of our legacy costs on to the U.S. Taxpayer.......but it isn't the RIGHT thing to do...........
So -- please - no more talk about 'Bailouts' - -let's calm down - panic serves no one other than foreign manufacturers.