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To: Jim McMannis who wrote (170948)12/12/2008 2:55:59 PM
From: Think4YourselfRead Replies (1) | Respond to of 306849
 
No one is FOR a bailout/loan at their potential expense. It's a question as to what the alternative is.

A better comment might be "recommend this post if you think making a $14 Billion loan is a reasonable way to avoid a potential collapse of the auto industry and their supplier chains, which would throw the country into a Depression".



To: Jim McMannis who wrote (170948)12/12/2008 3:28:20 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
the problem with this is this auto industry bailout is generating a lot of emotions having nothing to do with the bailout itself. Like me, I am against bailouts in general especially since TARP was put forth as a savior for the credit markets and didn't work. But now that we have given 150 billion to frigging AIG, I find it incredibly hypocritical to deny a dinky 15 billion to detroit, based on UAW demands for a working class that in general has received nothing in terms of increased wages this entire decade. Thats why I support the Auto bailout, because I am pissed at TARP. Not a very convincing argument for an auto bailout really.