bailout
I don't, in principle, oppose intervention like positive liberty does (ht by the way), but they have a fair point here.Is the US going to bail out the car makers every year for the next century? because I don't think they will become profitable.
I suggest if there is a bailout the government should consider how to get the USA out of the car business - but I seriously doubt the Democrats will do that - and so I think the bailout will be a failure.
posted by Genius at 9:50 PM
2 Comments:
Yeah - we can all get 1 miiiilion dollars each then we will all be millionaires.
The problem with the automaker's bailout (as with the financial services sector) is OVERSIGHT. Giving these industries BILLIONS without a true means to regulate how the money is spent is a disaster waiting to happen. A few years from now, I suspect a good number of people will have egg on their faces after they see that the Wall Street bailout didn't pan out how they hoped!
Also, I agree with your assessment of the U.S. getting out of the car business. It's obvious from their past actions that they don't know how to stay competitive in the market! The basics of Business 101 says that means you don't get to STAY in business! Yes, everyone needs help from time to time, but I think bailing out the U.S. Automakers is fiscally irresponsible, even if they try to use the smoke screen of saying it's "saving american jobs" somehow!
Post a Comment
<< Home