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Originally Posted by wavrun2000
Easy there. First if you notice no where does it say that I own a Camaro and last time I checked the Corvette was not made or engineered in Australia. Second I am not saying bail out every failing company. Just ones that employ thousands of American and have a direct affect on many other companies (suppliers).
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Well first you know full well that we were both talking about the new Camaro. Let's not bicker about semantics. Again it is a GLOBAL car, not an All-American one as you described it.
Your other point can be basically boiled down to the "too big to fail" argument, where we get a system in which the government picks winners and losers. The issue then becomes one of moral hazard. None of us are better off in a system where a few giant corporations can essentially hold the entire economy hostage, which has been the case with GM and to a much greater extent Wall Street. It is not acceptable (at least to me) to simply pay the ransom and then move on as if nothing had happened. Time will tell if GM has truly learned their lesson from all this but if they have, then they will be the exception not the rule.