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Old 12-10-2008, 05:39 AM   #7 (permalink)
Christ
Moderate your Moderation.
 
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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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