Autopia.org - View Single Post - Should the government bail-out include domestic automakers?

artm3 · 11-21-08, 06:13

isn't that socialism?
using public money to prop up poorly run companies whose executives have reaped profit even though they lost money?
doesn't this entitle the government a stake in the company?
then it becomes partially 'state' owned?

25% of the country already works for the government...now the private companies will be govenment funded to stay in business? it's madness...

we need to stop wasting money and prolonging the inevitable...
these companies are doomed to fail...
their time has passed...
let them fail and be reformed in a more sustainable fashion...
it's the American way...
don't waste the $$$$
they have been living off of our money (stock losses, ie, 401's, IRA's, etc.) for the last 10 years...
now, since we won't buy their junk we must support them with taxes?
and for nothing in return?
it's downright un-american

11-21-08, 06:13	#216 (permalink)
artm3 Registered User artm3 is offline Join Date: Sep 2004 Location: PA Posts: 126	Re: Should the government bail-out include domestic automakers? isn't that socialism? using public money to prop up poorly run companies whose executives have reaped profit even though they lost money? doesn't this entitle the government a stake in the company? then it becomes partially 'state' owned? 25% of the country already works for the government...now the private companies will be govenment funded to stay in business? it's madness... we need to stop wasting money and prolonging the inevitable... these companies are doomed to fail... their time has passed... let them fail and be reformed in a more sustainable fashion... it's the American way... don't waste the $$$$ they have been living off of our money (stock losses, ie, 401's, IRA's, etc.) for the last 10 years... now, since we won't buy their junk we must support them with taxes? and for nothing in return? it's downright un-american __________________ THAT car's got 100k miles on it!?