Quote:
Originally Posted by dac
But if we do bail them out we'll only be setting them up to fail again. I think people are going to end up losing jobs no matter what. It sucks, but it's the truth.
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Its not that we're setting them up to fail, its just that IF they are bailed out this time, the Big 3 will have no incentive to change their policies, readjust their priorities, or restructure themselves in such a way which would be more satisfactory to the rest of us. They'll just keep asking for money every time they screw up from here on out if the government indulges them now.
So yeah, jobs are going to be lost either way: a short-term solution like a bailout will only make the inevitable long-term collapse even more disastrous.
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