Quote:
Originally Posted by TallerTrees
The bailout - AGAIN -- to these automakers is not going to change anything. It will just prolong this recession. It is NOT a depression nor a great depression unless the Obama administration keeps printing money. Remember, it was the great depression because of government intervention.
Let the free markets work. The big 3 will survive under reorganization and new management. These companies have lots of assets. Someone will buy them. They aren't going away altogether.
This bailout to them will not work. How many times can you throw good money after bad! I hate the idea of tax payer money going to these failed companies time and again. Why should the taxpayers have to bail out bad contracts, bloated retirement benefits, etc. Who's next for a handout?
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The 3 auto execs flew from Detroit to DC on separate corporate jets (approx cost of $20,000 each round-trip).
In contrast, Southwest Airlines charges $350 round trip Business-Select Detroit-Baltimore (BW)), and round trip taxi DC-BWi is $200 with tip.
In contrast, Northwest Airlines charges $1,200 round trip First Class Detroit-DC (DCA), and round trip taxi from the Capitol Bldg to DCA is $40.
Giving (
because it IS a gift, not a loan when the taxpayer has to borrow the money, and then re-lend it to them, and payback is iffy) these "industry leaders" the cash is silly, when they cannot exercise even the most minor fiscal discipline when they come a-begging.