Forum Discussion
spoon059
Sep 19, 2013Explorer II
Don, we will have to agree to disagree. I think that GM should have been forced to go into bankruptcy, settle their debts and restructure. That is the standard business model. I still think that the bailouts were the wrong thing. You bring in another point I didn't even mention, the bailout of the banks. Government regulations, meant to HELP the economy, have been shortsighted in their goals and have been twisted around to cause all the issues. The banking industry owns a huge piece of the problem.
You have your "theory" about what would have happened. I have my "theory" about what would have happened. As it stands, we both have theories that neither of us can prove right. I respect your right to yours, and I think you respect my right to have mine. Things could be a LOT better, but I also submit that things could have been a lot WORSE. My biggest worry is what happens next. The government has set a precedent that they will step in and save a business that hemorrhages money due to bad/unsustainable business practices. I worry about where this path leads us.
I apologize for my spelling errors, I have an 11 month old daughter sitting on my lap and she likes to hit buttons. I catch most of the mistakes. Its kind of a sore spot to me knowing that our government is passing on huge and potentially unsustainable debts on to our children. There isn't really a standard in place for a government to declare bankruptcy and restructure...
You have your "theory" about what would have happened. I have my "theory" about what would have happened. As it stands, we both have theories that neither of us can prove right. I respect your right to yours, and I think you respect my right to have mine. Things could be a LOT better, but I also submit that things could have been a lot WORSE. My biggest worry is what happens next. The government has set a precedent that they will step in and save a business that hemorrhages money due to bad/unsustainable business practices. I worry about where this path leads us.
I apologize for my spelling errors, I have an 11 month old daughter sitting on my lap and she likes to hit buttons. I catch most of the mistakes. Its kind of a sore spot to me knowing that our government is passing on huge and potentially unsustainable debts on to our children. There isn't really a standard in place for a government to declare bankruptcy and restructure...
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