Quote:
Originally Posted by MotorCity
...estimates are that if JUST ONE of the big three dissapear it will cost us * $175M in just the first year.....
* Based on a report on NPR
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Seems to me, if we saved the billions of dollars per month we're spending on wars, we could easily offset the 14.5M per month (=175M/yr) in that estimate.
We're fighting a losing battle by bailing out all these companies. Now that our government has bailed out the financial institutions, any other company can piss and moan, "me too!"
If the executives can't run their business profitably, then they need to change their ways or face the consequences. When small businesses with 10 employees are at risk of going under, do they have a right to use taxpayer money to bring themselves above water? Where do we draw the line? Just because a company is large enough to affect a broad population, they deserve better treatment than smaller businesses?
WE ALREADY HAVE NO MONEY. Why don't we stop spending so d*mn much and start looking at ways to save some? The government seems to have the same money management training as these failing CEOs.