Quote:
Originally Posted by vraiblonde  Should we just let GM, Ford and Chrysler fail?
Yes.
That's their friggin' problem. Just like a welfare recipient, if there is no incentive to be independent, people will happily let someone else support them. If the government refused to bailout these poorly run companies, they would have to start thinking about operating costs, like other companies do, instead of doling out huge salaries, bonuses and perks. |
So what do we do with the economic chaos post failure? 4.4 million people unemployed, even more homes in foreclosure, and if you look Michigan already is one of the highest welfare states and this would tip the entire state into failure. Can a whole state go bankrupt?