The us govt bails out private enterprise some don't like it (I don't either)
but it happens what should I do? hope the the companies now fail so we lose
all the money and it costs more in pensions, unemployment, state and local
taxes. or hope they profit and grow and we lose less money maybe even profit
from the bailout. Remember you or I don't have anything to do with the
process, some of us have skin in the game, some not. don't buy from the
company and complain to all the can hear that they should fail then when
they fail can we blame you for it happening.
The taxpayer part, was lost the day GM got it. $60,000 per vehicle they
sold in 2009. $52 billion into GM, 4 more bailouts from GMAC that was
corruptly sucked dry with bad loans for GM... $177 billion of
people/invesors debt gone bad...
More even goes in the hole today to cover GM.old toxic assets like
poluted land cleanup, $9 billion or something.
If GM China is doing so good, perhaps US should open up talks with the
Chinese to buy GM. Then they can send Chinese managed to Detroit to
show them how to run an auto company.
Using taxation and taxpayer funded debt for corporations is imoral,
unethical and slavery precident people should not tolerate. Do it once,
they get away with it. Then they will do it again, and again...
And given most Americans get neither the wages, pension nor benefits of
a UAW, why the hell do they have to subsidize Banks/GM/Chrysler/UAW??
UAW is just GREED selling out fellow working Americans.
People work hard enough, they don't need to be taxed for corrupt inept
corporations of America. It is theft. Just like Britian and the US
revolution, they took money and resources so you as a collective people
had a revolution.
And think, the British even taxed early Americans much less.
GM is a morally bankrupt company. They will not shake that off for
We all work for government, they ceased working for us a long time ago.
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