Kevin_Kennedy
Defend Liberty
- Aug 27, 2008
- 18,549
- 1,921
So the "voice of the people," Congress, decided to not loan any money to the Big 3, but Bush thinks he knows better than the people and their representatives. What nonsense.
And for those that believe this is some sort of loan that will have to be paid back by March 31 if "they're not viable," I ask how? How do you expect companies that are going to spend all of this loan trying to become viable, to pay it back when they fail? Where will that money be coming from?
And fear of losing customer confidence if they filed for bankruptcy is complete and utter bullshit as well. If I needed to buy a car I'm certainly not going to have more confidence in a company that has to go to the federal government looking for a handout at my expense rather than a company that was responsible enough to file for bankruptcy.
And for those that believe this is some sort of loan that will have to be paid back by March 31 if "they're not viable," I ask how? How do you expect companies that are going to spend all of this loan trying to become viable, to pay it back when they fail? Where will that money be coming from?
And fear of losing customer confidence if they filed for bankruptcy is complete and utter bullshit as well. If I needed to buy a car I'm certainly not going to have more confidence in a company that has to go to the federal government looking for a handout at my expense rather than a company that was responsible enough to file for bankruptcy.