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Originally Posted by diddiyo
but wasn't that why they were pumping billions into GM for half a year already? to save them from going bankrupt in order to save jobs etc? everybody was like "ooooh we can't let them go bankrupt!!!" and now all of a sudden bankruptcy is the right thing to do?!
i really don't get it. what was all the money good for?
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Uhh... Yea? duh. Why else would they do it? the US gov. doesnt exactly have the surplus to go throwing money around for the hell of it.
The fact that they are now going bankrupt just means that they mind as well have done that from the begining, but now it is seen as inevidable. Obviously people hoped they could have done without, but at this stage it is seen as the only good option left.
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Originally Posted by arozar
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AH!!!! And Cheney drove the plane into the twin towers!!!
The Government is out to get us!!!
Ill tell you what, my guess is that if the Government was in the buisness of taking over car companies, they'd pick one that made money.
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Originally Posted by CurtG
If your looking for a job thats safe from all the ups and downs of the market work in something important like Public safety. It doesn't pay as good as those jobs in the auto industry but guess what? I am not worried about losing my job. Can't happen. The Govt shouldn't be protecting anyone from losing their jobs. Its basically spitting in anyones face that chooses job security over making more money at a time like this. If we want a free market and capitalism then let shit hit the fan when the corps get to greedy. Its a cycle and it will always happen again eventually. Then things will get better and be good again for a while before it tanks again.
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skipped econ didn't you?
Its true that in a free market you cant be protecting jobs, but then again, this isnt a free market. It was founded as such, but our country has grown soft with regulatory government agencies. Nor is it a traditional democracy. Only in the Democracy of America can Al Gore get more votes but George Bush take office.
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"With a light touch on the brakes, run the revs up a bit. Slip off the brake and bury the throttle. There's a light chirp as tires scratch for bite. Then comes a sub-5.0-second sled ride to 60 mph. A tick over 13.0 sec. and you're through the quarter-mile. It's a rush, of course, but not overly dramatic. Try the same thing with this pair's predecessors of 1970 or so and you'll find yourself in a bit of a wrestling match. Ain't progress wonderful? Maybe yes, and maybe sometimes it's fun to wrestle."