Quote:
Originally Posted by Hylton
The backlash by the people in the handling of AIG sure caused the government to change direction. Do you believe the government should just hand over the money to GM and stand back?
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Just to clarify, See my edit, I meant to say 'the gov is not...'
In some way, It is better to get a bailout than a loan. At least with a bail out there is no way for the Gov to retract other than the stipulations of the bailout.
But the loan, which was sold as better for "the people" is actually working against GM, in that it is their excuse to micro manage the company...
Again, I undestand that GM has put themselves in this position. But, I still hold that just because the Gov can exert their power here, doesn't mean they are most qualified to do so.