I'm going to blab for a minute outside of my competent reach. OK, what else is new? :) I'm just writing this to explore the issue for my own purposes
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I find it ironic that the "Free Market Economy" where we let businesses do whatever they want with no supervision is how we got in this mess, and yet they are asking for all this money from government which is completely the opposite of what a "Free Market Economy" should do...
There really isn't a political party in this country that I feel I fit in with, but in this case I agree with the Libertarians. I say let them burn. Giving them all kinds of money now is like telling the kid that blew all of his allowance on candy that you'll buy him that new video game on your credit card... How does he learn to use his money wisely? He'll just do the same thing again.
I understand the concern for the employees, but they along with their union are at least partly to blame for the problem. Maybe GM should set up some way for the employees to invest in the companies future. Although I would bet most of them know how bad of a deal that would be.
Simply put, if a business costs 10 time it's revenue to keep open every year, it isn't a business. It is certainly not a good investment. And therefore the government shouldn't invest. As you said, if they do, we're likely to just see more of the same from them. So what actually got fixed in that case?
I think, if they're going to invest in the auto industry, they should invest in some of the start up companies that are developing electric and other alternate fuel source vehicles. And I agree with your comment that they should invest in public transportation. The money they are proposing to spend on the auto industry could go a long way towards innovation from these smaller companies and improving the public transportation sector.
So I guess to sum it up, I'm opposed to the bail out of any large company. That includes the banks. Bailing them out just insures that you'll get more of the same kind of business management, since they know if they mess up, big brother will have their back.
There really isn't a political party in this country that I feel I fit in with, but in this case I agree with the Libertarians. I say let them burn. Giving them all kinds of money now is like telling the kid that blew all of his allowance on candy that you'll buy him that new video game on your credit card... How does he learn to use his money wisely? He'll just do the same thing again.
I understand the concern for the employees, but they along with their union are at least partly to blame for the problem. Maybe GM should set up some way for the employees to invest in the companies future. Although I would bet most of them know how bad of a deal that would be.
Simply put, if a business costs 10 time it's revenue to keep open every year, it isn't a business. It is certainly not a good investment. And therefore the government shouldn't invest. As you said, if they do, we're likely to just see more of the same from them. So what actually got fixed in that case?
I think, if they're going to invest in the auto industry, they should invest in some of the start up companies that are developing electric and other alternate fuel source vehicles. And I agree with your comment that they should invest in public transportation. The money they are proposing to spend on the auto industry could go a long way towards innovation from these smaller companies and improving the public transportation sector.
So I guess to sum it up, I'm opposed to the bail out of any large company. That includes the banks. Bailing them out just insures that you'll get more of the same kind of business management, since they know if they mess up, big brother will have their back.
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