Quote:
Originally Posted by Hylton
Of all the news networks, CNBC has the hottest babes....
|
That just might get more people to click on the link..
Look, If you are being bailed out by the Government for not paying your mortgage, what is going to motivate you to suddenly start paying your mortgage? What about the property taxes that are bundled up with the mortgage, will that be forgiven and bailed out too? How is this going to fix the housing market if the same people who don't pay continue not to pay?
And how does this relate to the auto industry (union) bailout.
In my opinion, bailouts only postpone the inevitable because history shows that if you keep the problem there by bailing them out, they will always come back asking for more. In other words if the problem isn't removed, the problem keeps coming back. And in the auto industry, the main problem in my opinion is the Union. The union is like all those homeowners who can't pay their mortgages because they signed promises to the lenders that they were going to be able to pay and then suddenly ran out of money to pay. The Union told all its members that they were going to be able to keep the retirees and employees legacy costs intact but they instead have almost bankrupted the auto industry and because of it can't keep the promises to their members without asking for the money and getting it from the Government whom the union spends a fortune to get Democrats elected. I know I'm simplifying the explanation but you all understand my comparison here... I'm running out of steam on this issue but my passion is there. I just want GM restructured and the Union to become much less powerful as they are in most other areas except perhaps the teachers unions.. Chapter 11 is the only way to accomplish that..
And if you haven't clicked on the link, please do it is a rare occurrence on this network..
http://www.cnbc.com/id/15840232?video=1039849853