01-09-2009, 11:48 AM
Seriously, I'm hoping that this request gets more attention and highlights the absurdity of all of these bailouts. The bailouts reward failure and punish success. The most obvious example is the auto bailout. Ford restructured and is working towards a longterm fix, so they didn't ask for any money. The cash given to GM and Chrysler will allow them to offer 0% financing on 60-month loans, something Ford didn't want or need to do. So, two companies that were in trouble due to mismanagement (both their own and congress') and which failed to respond to it effectively are now being given an advantage over a company that did its job.
Sic Hacer Pace, Para Bellum.
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