That's pretty much exactly how I see it. None of it is "nice" or "good"....but to do otherwise (regarding the banks) is to invite disaster.Originally Posted by neilgolli
I HATE the bailout as its against what capitalism is, what our country is fundamentally built on. HOWEVER if our banking system fails we all fail. I think, and say that lightly, would rather we barrow the money from China at almost zero interest (look at the treasure bills, we are getting money nearly for free) rather than having China buy our banks.
The auto industry on the other hand should be left to rot unfortunately. Its not going to work, it will be bad money after bad money. The auto suppliers are going to fail and thus force the big three to go down with them. Like I said, no easy answers, LONG road ahead. Start raising your chickens and growing a garden
The auto industry, while it affects thousands, is nowhere near as critical to the overall economy. They've screwed themselves before, and had to deal with it, and in the past have ended up with better products because of it. They'll get over this one without the government "helping" them....and the more "help" they receive, the longer it will take them to actually learn anything or improve anything.
Reply With Quote