Quote:
Originally Posted by Nebe
Right here right now is trickle down economics amplified times 10. The notion that by bailing these companies out is going to solve the problem is ludacris. When dozens of millions of people are flat broke and their credit rating is cooked and their cards are maxed out and they cant refinance thier home to come up with some money, how the %$%$%$%$ are the large companies that have been bailed out supposed to sell anything????
Lets take the trillions of dollars dedicated to a bail out and divide it up amongst every citizen and put it on a prepaid visa card and say 'spend it in 30 days, or your going to loose it'.. That is an economic bailout...The thing is this.. if we do that, its looked at as socialism.
I say let GM fail, OR give huge stipulations that any balout money has to go to the development of alternative energy vehicles.. THIS is the time to do it. But to bail them out so they can make more gas hog SUV's is insane.
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Saw on the news today Pres. Elect Obama is pushing for an immediate bailout for the struggling motor companies......any thoughts Eben?