From the red side of the aisle, I look at it this way: bailing out the large auto companies (and large banks) is a bad idea. NOT bailing them out is a MUCH worse idea. I wish we had more time to craft this, because greener cars are less profitable than Hummers and SUVs (assuming, of course, that people buy the gas guzzlers - and trust me, they will again). But, at least in the short term, the preconditions will ensure that Detroit can produce cars that people will buy. Perhaps the lame duck Congress and President can work out a deal.
- Ontario Emperor
from fftogo
Off topic rant: even if AIG isn't sensitive to the taxpayers, it should be sensitive to its private stockholders. I'm sure that there's business justification for the $300K-plus sales meeting, but if a company is facing hard times, it should be implementing some severe cost cutting.
- Ontario Emperor
from fftogo
and as I said in my post OE- I'm all for anything that keeps jobs and keeps families going. And it can come from either side of the aisle for all I care.
- Erin @queenofspain