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Monday, April 20, 2009

Brief Statement on the Bailout.

-- For the conservative, Bush was wrong in bailing out Companies as urged by Obama. Obama is expanding the bad policy. GM was/is mostly in trouble due to the overwhelming amount of retired employees that they must continue to support. This is compounded by the rise in oil prices and then even further by the banking crisis that started with Fannie Mae and Freddie Mac.

----When government controls the means of production and the administration there of, then we call this Socialism. Is this a loan or an investment? Usually the guidelines of a loan are put there to insure that the company or individual will have the means to pay it back. Which leads to my next point.

--- GM had 20 units that were making a profit. Of those, 11 were Trucks/SUVs. The "suggestions" from Obama's had none of these units in mind. The suggestions being made would put them further in debt. They already had hybrids and econocars available. You can't force people to buy them.

--- The money is not OURS, it’s being borrowed from the next generation, our children. Fix the problem themselves or file for bankruptcy should have been the only choices

---If they spend the money like Democrats, then they will fail.

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