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Politics : View from the Center and Left

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To: thames_sider who wrote (94517)	11/7/2008 11:44:18 AM
From: TimF	Read Replies (2) of 541472

So would you favour letting all three US car companies - GM, Ford and Chrysler - go bankrupt? I don't favor them going bankrupt, I oppose bailing them out to avoid them going bankrupt. Its is possible that bankuptcy could be good for the companies as it could free them from a lot of the fixed costs that are dragging them down. Still if they can avoid bankruptcy by themselves, I will be glad to see it. Do you reckon that this would be beneficial for the US? At least in the long run yes. Funneling more and more resources to poorly run uncompetitive companies isn't the way to put the economy on better footing going forward.

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