Why Are They Even Discussing Bailing Out The Auto Manufacturers?

[Alex_Manifest_M]

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?

[basschick]

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.

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

[Lee]

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

[basschick]

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.

So we keep bailing them out every 20 years? Sounds like a great business plan, where do i sign up?

Regards,

Lee