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.--Odysseus
Sic Hacer Pace, Para Bellum.
Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
|« Previous Thread | Next Thread »|