Forum Discussion
JRscooby
Jun 27, 2019Explorer II
Groover wrote:JRscooby wrote:Groover wrote:
I am going to take issue with that. Many companies have gone bankrupt and emerged stronger than before. I believe that the goal of the government bailout was simply to preserve to union voter base at the expense of the shareholders (many of which were retirees) and that it will probably lead to the same situation re-occurring.
To reply to this would be political, but if you looked at history you might find "preserve to union voter base" and "expense shareholders" pretty much out of character for your statement...
Over years I have seen many pickups bent like in the OP. Small pickups pulling welders or air compressor on single axle, no brake chassis.
I was referring to "They should have been allowed to fail." followed by "Yeah, and your reasoning would make for massive unemployment. Brilliant!"
My point is that the " massive unemployment" issue is debatable but I recognize that the truth will never be known on that.
Well, at that time to occupy my mind while strolling across Kansas I came up with what I think would of been a better plan to save the economy. Give everybody over 55 with net worth less than $10,000,000 a gift of $1,000,000 with strings (some would call ropes) attached. 1) you must buy a new made in USA car for cash. 2) you must pay off your mortgage. 3)You retire. That number of retires would of solved the unemployment problem. All the mortgages paid off would of solved the bankers issues, but the ones that made or invested in the bad loans might of taken a hair cut. And that big demand for new cars would of solved the auto industry problems. But we will never know...
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