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Originally Posted by 2010-1SS-IBM
Sorry you took it the wrong way, those were honest questions. I actually wanted to know if GM employees did cut back. As I said earlier, my company cut two thirds of our employees. I know where you're coming from.
I still don't agree that you "deserved" a government bail out. It should have been handled through the private market. I hope you and others at GM realize me and my co-workers who were also in hard times paid for your bailout.
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And I hope you realize that as tax payers, GM's own employess
also paid for the bailout just like you did.
Nobody likes the idea of bailing out a company, an industry, or a country. But it has to be looked at as which is the lesser of two evils. Ideally, it would never have to happen. But ignoring circumstances and consequences in the name of economic theory is foolhardy because when you get down to it, reality is more important than theory.
btw, where do you get the idea that the private sector would have swooped in to save GM? As I said before, if they were going to, they would have done so in the fall of 2008. They didn't so GM was forced to look elsewhere or go belly up.