Originally Posted by divisionbell77
The bailout had nothing to do with saving everyone's job and continuing like normal. It was about getting them a loan(which no bank was offering either and they needed to have) and restructuring into profitable companies before the vast majority collapsed. I don't think people understand just what happens when a company like GM and Chrysler can not get a loan and their credit is 100% tapped.
THEY COULDN'T GET A LOAN BECAUSE THEY WERE LOSING MONEY! DUH. WHAT DON'T YOU GET ABOUT THAT? NO BANK IS/WAS GOING TO LOAN A COMPANY MONEY ESP ONE OF THIS SIZE, THAT HAS NO SOLUTION FOR WHAT WAS CAUSING IT TO SINK IN THE FIRST PLACE.
YOU CONTINUE TO HARP ON THE EFFECT RATHER THAN THE CAUSE. LOANING THEM MONEY DID NOTHING TO SOLVE THE UNDERLYING PROBLEM, JUST LIKE IT DIDN'T 30 YRS AGO. UNION SALARIES AND PENSIONS (PRESENT AND FUTURE) ARE WHAT CRIPPLED THE COMPANY AND YOUR LIBTARD FRIENDS IN THE WHITEHOUSE JUST WANTED TO BUY SOME VOTES AT THE EXPENSE OF THE AMERICAN TAX PAYER.