SI
SI
discoversearch

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


To: tejek who wrote (539606)12/30/2009 1:47:03 PM
From: TimF  Read Replies (1) | Respond to of 1576973
 
If the money is given all at once, its not really significantly different than if its dribbled out over time. In any case its quite possible that GM will be back for more.

Once again, the BK was handled by the courts.

Based on an agreement pushed through by the administration to support the interests of the union.

Capitalism under Bush failed badly.

Bush wasn't particularly capitalist.

Recessions and financial problems happen from time to time, if capitalism failed, it failed in the sense of not being encroached on and reduced. Having the government take over more industries, either actually owning the companies, or just heavily controlling what they do, increases that type of failure, but the government interfering in the market isn't a failure of free markets its a government action.