Bailout of the Big 3

[boozeboxer]

I agree, reluctantly. There are so many jobs at stake, the cost if they fail would be enormous. Everyone would pay a price, except for multimillionaires who don't work anyways.

In Canada, if the big three fail, estimates run in the neighborhood of 800,000 jobs lost, direct and indirect, after 5 years. That's a huge number, for Canada.

I agree. What pisses me off is that Republican from one of those southern states bragging about the foreign car makers in his state and how they don't have any problems. What he doesn't say is how his broke ass state practically subsidizes these companies, giving facilities and land over for nothing. HE also doesn't realize that these companies have no retired people on the pay roll. They haven't had to make pay these costs. Well they will cross that bridge themselves.



What really pisses me off is that they bail out banks that just went out and bought other banks with no accountability. Exacerbating the problem.

The problem with this country is that it is socialism for some, and capitalism for the rest.