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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (539563)12/30/2009 1:35:37 PM
From: tejek  Read Replies (1) | Respond to of 1576929
 
GM was bailed out by the government. I call that being on the government dole.

Then you are using the term very loosely. The definition of dole:

2 a (1) : a giving or distribution of food, money, or clothing to the needy (2) : a grant of government funds to the unemployed b : something distributed at intervals to the needy; also : handout 1 c : something portioned out bit by bit

Beyond the direct bailout aspects you've also had the government largely directing its bankruptcy and to an extent its management, and influencing other aspects of the business.

Once again, the BK was handled by the courts. You can lie all you want but the truth is out there.

That seems to be the theme lately, the car industry, the financial industry, the medical insurance industry, the Obama administration seems to think government can run the economy better than anyone else.

Capitalism under Bush failed badly. Its not surprising the gov't had to step in. Next time, maybe you free marketers will learn to play by the rules.