Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: benwood who wrote (91981)	12/24/2008 2:25:17 PM
From: rich evans	Read Replies (2) of 116555

This sounds a lot like what I observed in France. But in defense of the auto bailout, I would have to say that the issue is not the cause of the predictament and whether the companies or union deserve a bailout. They certainly don't deserve one. Instead one could argue that the bailout is necessary because the issue is the macroeconomic impact of bankruptcy of the auto companies especially during these hard times. Our economy probably can't take the hit right now of the likely effect on employment,suppliers , other businesses and the costs to our economy and Government from the unemployment, Pension Guarantees, welfare, health etc would still be a taxpayer cost. All this can have differences of opinion as we have read and seen on this board. But if the issue if our economy and not the cause of the problem both management and labor and Mich taxes , then their is justification for giving them the money. An we might not only allow the auto companies to survive but also hopefully reform their ways and the union reform its ways. Rich

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next