Quote:
Originally Posted by USAFJeeper
Whats the difference? Both are privately owned companies that affect people beyond their own business. Each has suppliers, advertising costs and so on. Why not bail out Bob the Turf Man too? There are a lot more Bobs out there.
Someone above was beating on ********* for not supporting it. I am conservative I don't support ANY of it.
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Bob the Turf Man has a couple suppliers providing lawncare products. His business is strictly limited to a specific region in a specific state.
General Motors has hundreds of suppliers providing parts, raw materials, tires, plastic, metal, aluminum, glass, carbon fiber, electronic components and also has other automakers such as Ford, Chrysler, toyota, and even BMW relying on parts derived from GM. GM's business is global, selling cars around the world and supplying parts around the world.
Big difference. If Bob the Turf Man goes bankrupt, a few people are affected.
If GM goes under, millions of people are affected, not to mention the loss of a major industrial giant, the loss of industrial infrastructure, and the loss of products exported from the US.
I am perhaps the most conservative person you'll ever meet. Yet I support government help.
AND FOR THE LAST TIME, GM IS NOT, I REPEAT, NOT LOOKING FOR A BAILOUT. THEY SIMPLY WANT A LOAN. GET THAT INTO YOUR HEADS.