Quote:
Originally Posted by garagelogic
Personally, I hope one or more of the big three do go under. You're right that it would be a hell of a blow to our economy, but maybe that's what is needed to bring the majority of Americans back to their sense. While the great depression of the 30"s was a tough time, it gave us the "greatest" generation of Americans in its wake.
American's in general take their standard of living as an entitlement and most are willing to sacrifice nothing to ensure it remains where it is. "I" has become stronger than "we", and we are paying for our selfishness on many, many front, not just economically.
Why doesn't GM ask a bank for the loan they need to stay afloat instead of the government? Probably because no banker in their right mind would look at GM (or Ford for that matter) and consider them a good risk.
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While I certainly don't want to see people suffering, I have to agree with much of what you typed here. As a country, we have definitely become too lazy, too spoiled and too selfish (in general). Go to China or India and see how people live there. We have no idea how good we have it yet we are always complaining and expecting more. It isn't wrong to want a good life, but how much is too much and at what cost? If we don't re-evaluate our position and rebalance things just a bit, we are going to be in big trouble.