RI JIM I see what your saying and said the same thing to myself before I posted this....but if there's more than one garbage man that can pickup the trash then again why bail them out?
Sure it's jobs...sure it keeps money flowing in the economy through the manufacturing and through distribution-dealers etc...
But if it's poorly managed and you don't pay attention to your business while you give millions away without thought for your future then why use tax dollars that you and I pay to bail them out. Like I said earlier...they made their beds now lie in it...
GM says they'll be out of cash by the spring. SO DO SOMETHING TO RAISE CASH to get you through the rough time. So you don't make a billion in profits...break even if you have to. LOSE money if you have to in the long run but DO SOMETHING to raise some funds.
THIS would be the kickstart to any economy...sell goods...need inventory....buy more...other companies sell their goods...then they need inventory....pretty soon everyone is smelling roses all down the line.
How taking tax dollars and putting it into a PRIVATE investor owned company makes ANY sense is absolutely beyond me as a business owner for 19 years. If the writing on the wall is saying things are going to slow down for sales then you don't stock so much stuff...you don't manufacture so much stuff...This has been going on for how long now? The fact that they all of a sudden have their hands out for a bailout is laughable.
JUST in the last 2 days now the whining has increased TEN fold.