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So bankers and mortgage manipulators who made millions of dollars while driving this country to the edge of bankruptcy get billions of dollars of tax money with no strings attached...and they get to keep their jobs. But working people who DARED to believe that they should actually get a living wage and health insurance are blamed and lose their wages, their insurance and finally their jobs. And not one person in the government is smart enough to figure out that one of the major reasons for the failure of the auto companies is that so many people have already lost their jobs or are afraid of losing their jobs that no one is buying cars.....and it isn't just OUR auto companies...it is happening to ALL auto companies. But other governments are providing health care for all their citizens and are also helping maintain their auto companies during these rough times. But here, in the U.S., where we give lip service to support of the hard working middle class, the working folks take it in the neck once again. They have been paying for the high living rich for years now....why should we be surprised that they have to continue sacrificing . And to think I thought there was going to be change we could believe in....yeah, right.
So Obama supported the loans to the automakers so as to stave off bankruptcy...and now favors bankruptcy for those same automakers???
Interesting.
CONGRESS & SENATE approved the bailouts for both the banking industry and the Auto Industry to stave off not only collapse, but yes bankruptcy. Nothing has improved for GM. So your point is what exactly?
Give them the remaining 125 billion out of the 700 billion with no real plan? Did you read the ENTIRE statement on the bankruptcy or are you just feeding off of everyone's post?
It's called economic evolution and trying to circumvent it destroys countries. the smart people started looking a head a few years ago and worked their way up to now. It will be rough and the folks that made bad decision will have to die out. It allows for new and better ideas that are affordable to implement. The companies that survived usually are left with a bigger market share as a reward.
For example GM dies out. Tesla was only asking for $500 million and they have the leading technology for electric cars. Imagine if they had received $30 billion as a reward for innovation instead of $30 billion for stagflation/deflation.
CONGRESS & SENATE approved the bailouts for both the banking industry and the Auto Industry to stave off not only collapse, but yes bankruptcy. Nothing has improved for GM. So your point is what exactly?
Give them the remaining 125 billion out of the 700 billion with no real plan? Did you read the ENTIRE statement on the bankruptcy or are you just feeding off of everyone's post?
I believe the automakers received LOANS....to stave off bankruptcy.
Funny thing is now bankruptcy is the best bet according to everyone concerned.
Guess we could have saved a few billion dollars if the fedgov. had simply said no to the loans.
As if you've ever cared about the plight of union workers. Don't kid yourself, you're no champion of the working classes.
But aren't you leftists?
Surely you are OUTRAGED that Obama is stabbing the union workers in the back...
Of course you aren't,the working class are simply to be used until they are no longer needed.
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