Taverner
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Nov-25-08 12:37 PM
Original message |
I used to be against the bailout for big auto |
|
I was against it because the execs at GM, Ford, Chrysler were so full of hubris that they demanded the bailout.
I was against it because those companies were mismanaged into the ground
I was against it because despite the MANY concessions the UAW made, management didn't make a single one. No pay cuts for the X-level, no benefit cuts.
But I am against the Bank bailouts more...and with fair being fair - if we can afford the hundreds of billions for our (and some international) banks, why not a bailout for them?
As bad as they are run, it couldn't be a bigger waste than, say 70B to AIG...
|