Im really not big on the idea of private businesses being bailed out with tax money.
Instead of taking that money and using it to subsidize the paychecks of people in a changing industry, or the golden parachute for some CEO, why not use that money to re-train them, or subsidize them going back to college/university?
To use the old adage: 'Give a man a fish, and he eats for a day, teach him to fish, and he eats for life'
Simon
GayTube.com
teach them to do what? at the moment, unemployment is at i think they said a 30 year high - and that's only counting the people who get unemployment. there are many people who were fired or have gone beyond the term of their unemployment who aren't counted and aren't employed.
on the other hand, i surely wouldn't just hand over money. i'd make them do what the rest of us would have to do for a loan - submit a business plan. it would show what they would plan to do to turn things around. it could then be negotiated by experts, to make sure they produce small, stylish cars of a reasonable price and phase out most or all of the hgher management, who have certainly shown they know fuck all about cars, marketing or what people want/can afford.
Originally Posted by GayTubeSimon
They produced the vehicles America wanted to buy. We can not let them fail expecting that 'someone' will step in and fill the void. The time and huge amounts of money required are not going to be available.
Or we can let them fail and no longer have any automobiles produced by US auto makers. Perhaps at some point we will zero mfg jobs available here in the US.
Loan them the money, have them pay it back. It is an investment well worth making.
Alex,
That was said in the 80's when they got bailed out then too. Didnt seem to work so well the first time around, why does anyone think it will work this time?
Regards,
Lee
Because the investment is will pay us back with interest while helping to prevent this current problem in the economy from taking a huge hit beyond what we have now (and will not see relief from for at least 24 months).
I have seen what happens to the neighborhoods that now have big box stores that have gone out of business. The real estate market and construction industries are in a shambles. Adding even more unemployed and vacant businesses on top of our current problems is unthinkable. We can't figure out what to do with all the mid-size walmart stores that closed to move on to Super Centers. How many 20 acre 'tote-the-note' car lots can we absorb?
With failed rebills at historic highs (according to our payment processors) due to credit cards that are maxed out, do we really want to do anything to shake what little consumer confidence we have now?
it worked fine - we got paid back, they continued to operate for 20 years. while in a perfect world they wouldn't need help again, that seems fairly reasonable to me.
So we keep bailing them out every 20 years? Sounds like a great business plan, where do i sign up?
Regards,
Lee
they paid us back quickly, and i believe with interest. banks - before all this extra greed - happily periodically loaned businesses money periodically if they previously paid them back on time.
seems like a better idea to give a loan to a business and get at least part of the money back than to give money to banks rather than loaning it and never get any of it back.
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