Bailing out GM

[BigFish]

These bailouts are unprecedented and insane! They will do nothing but plunge us deeper in to what they call a "recession"......stupid term so people think its not really that bad. What will a true "depression" be like?? Well I think you have a better chance of finding that out if we keep bailing these companies out!! As for selling the part ownership back to the companies......I want to know what we are buying to begin with??? How do we benefit by sinking all this money into these failing companies???? They have been living high on the hog, execs getting huge insane bonuses and taking more than they really deserve.....and its the companies fault for operating like this!!! Let them dig themselves out or you can give them the bailout and we can watch their over paid friggin' execs hop a plane, the day after they get the funding, to some exotic locale' to spend hundreds of thousands of dollars pampering themselves!!! NO THANKS LADIES AND GENTLEMEN!!!! I have had enough and its got to stop....look at the AIG execs......they are livin' it up on our buck....come on sheeple!!!

[eastendlu]

John as much as i want to buy American my wallet tells me otherwise.The car manufacturers have been losing ground since the first oil embargo when they did not want to get away from the gas guzzlers and let the Japanese automakers establish a foothold here with better quality cars and better gas mileage.How many years later and they are still playing catchup.Same thing happened to the electronics industry.Now we have to bail them out because of years and years of bad decisions and greed.I look at it this way would i invest in this company (GM) if i was looking to upgrade my portfolio?I have a feeling were are buying into some bad investments.I have one ? if all goes as planned and all these bailouts pay off will i see a reduction in my taxes in the future?Or do i just assume the position and touch my knees?

[eastendlu]