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I can't say I agree entirely with the circumstances under which the "bail out" has become necessary... but, nonetheless, it IS necessary.
3 million jobs is a lot to lose. Think about the kind of work that will be lost by sheet metal companies, glass companies, the revenue lost from electric/gas/resource companies, the tax revenue lost (that we'll have to pick up, b/c you know, of all entities, the gov't ISN'T taking a pay cut.), tire companies, bearing companies, all those little companies (like Mitsubishi) that produce parts for American cars.
Losing the big 3 altogether will screw EVERYONE. Rather pay 15-25Billion with some stipulations that their business model gets updated than lose 3 million jobs instantly, while picking up the billions in tax slack that the big3 leave behind, and devaluing a large part of the american economy vs. foreign economies.
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"¿ʞɐǝɹɟ ɐ ǝɹ,noʎ uǝɥʍ 'ʇı ʇ,usı 'ʎlǝuol s,ʇı"
I'd like to think that people might open their eyes at some point... instead, I find it more and more likely that I'll just close mine.
-- Author kept secret.
Je ne veux pas d'une meilleure vie. Je veux être heureux avec celle que j'ai maintenant.
(I do not want a better life. I want to be happy with the one I have now.)
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#1 Reason for letting the Big 3 Fail !!!
Listen to the people who fail. They know what they're talking about!
