Quote:
Originally Posted by FenwickHockey65
A lot of people wanted GM to fail and still do. Some of them, ironically enough, are on this site, driving and enjoying a car built by GM.
|
Let's try this scenario out. Exon Mobil hypothetically charges us top buck for their gasoline (as GM did with their cars), mismanages their business (as GM did), makes benefit package promises it can't afford to pay ( as GM did to the tune of $29,000,000,000 in
UNFUNDED PENSION BENEFITS - yeah that's 29 illion with a
B). Then Exon Mobile says they need 50 Billion in bailouts and another 45 Billion in tax exemptions to get back on their feet. Wouldn't it be right to borrow the money at tax payer expense, put it on the tab and then give them the same deal?