Quote:
Originally Posted by Tagger
All that money to bail out Chrysler the last time was all paid back . Are the bail outs of the Auto Industry loans ? Gifts ? .. How much of the Stimulus will we recoup later if things go well ? Or is it all gifts ?
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Let's see. Chrysler needed money, borrowed it, payed it back. Chrysler needs money again, massive amount this time, gets a loan again . . . Sounds like the good old Capitalistic system at work. Business needs capital, bank lends it . . . Oh . . .BANK DOESN'T LEND IT . . . because Chrysler is not credit worthy . . . GOVERNMENT LOANS IT . . . Capitalism????
I suppose if things don't go "well?" the LOAN will be a GIFT and Chrysler will fold as it should if it hasn't learned how to compete. Competition is a key element of Evolution. Competing, winning, losing, integrating, going in new directions, transforming, becoming new, better, and so on.
If it goes well, then maybe the banks are stupid for not seizing the opportunity to make a profit by lending the bick bucks to Chrysler. Maybe the banks, if they're that stupid, should fold. The Government can be our bank. Would that be a subtle way to nationalize the banks?