Quote:
Originally Posted by TonyL
aaand this morning all three executives showed up in their private jets at a cost of $22,000 PER COMPANY. the price of a first class ticket? 800 bucks.
These guys JUST DONT GET IT. Dont stand on a street corner in an armani suit with your hand out. Start ACTING like you're hurting and people might believe it. Loan or no, There is NO EVIDENCE that any of the big three have a plan to get themselves out of the habits that got them where they are. You dont give money to a crack addict that hasn't been to rehab. These guys are just going to blow whatever we give them. Bad businesses deserve to die. Another company or companies will rise up to take their place. Sometimes you have to cut off a rotting limb so the body can survive. It hurts, but it's what has to be done.
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I agree Tony, but the government bailout package is already an approved multi-trillion dollar crime scheme IMO. The relatively small percentage GM is asking for would only be a loan and not a gift. If they are going to save these banks that are too large to fail, I would say it's not only fair, but responsible to bailout our automotive industry. Especially at this time. To risk the potential loss of millions of jobs would shatter consumer confidence and might put us closer to a depression.