by BloodStone » Wed Feb 03, 2010 11:02 am
AGAIN ! The only bailout that was needed was the original TARP that President Bush did.
It was turning around by just doing that alone, nothing else was needed.
I was also against this, but see why it was neccassary to do it. If it wasn't done. the industry would have collapsed.
The only thing Obummer has done is made it ten times worse. Remember what Rahm said " never let a good crisis go to waste" They saw this as their golden opportunity to buy off their base.The banks were forced to take the money, many of them tried like hell to not take it.
Look at FORD the only company to not take any Government funds. They are booming. The ones who did take it, Instead of going Bankrupt are still suffering. Why ? Cause they have morons still running things. If they went Bankrupt they would have been forced to restructure, and the key here is the contracts for the unions would have been null and void, management would have been tossed ,and they would get back to building a viable company. They went bankrupt anyway after taking all our money, and still were not forced to restructer.
So we still have the same bafoons running the place into the ground, exept now they are doing it with our money.
It has done nothing for the economy.
they will never be viable companies again. so we all lost. The best way to go would have been bankruptcy. Or failure. LET THEM FAIL !
We all know why that didn't happen, Obummer is to beholden to the unions.
as for you're hypothetical question , it can not be answered, cause you would just be specualting. A Republican was not elected.
BloodStone...
If it were raining hookers, I'd get hit by a fag.