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When the entire economy tanks, sure, it's going to take some businesses with it. There's a difference, though, when your business is so reliant on the poor choi
by tdavis 18y ago
When the entire economy tanks, sure, it's going to take some businesses with it. There's a difference, though, when your business is so reliant on the poor choices that got us into this mess that it goes out of business practically over night when everyone finally realizes, "Wait, this isn't working anymore." The auto companies aren't much better off; the best was, what, 6 months to survive without a bailout?
There will be collateral damage. That's just part of the deal. As I mentioned, this is a global event so yes, I realize the worse the US economy gets the worse the World economy gets, at least relatively speaking. I would prefer that one of the nuclear countries not go off the deep end and trigger a nuclear war, but I have no reasonable belief that they will either.
- silencio 18y agoActually, from what I have heard/read (i.e. http://www.cnn.com/2008/POLITICS/12/11/congress.auto.bailout/ http://www.cnn.com/2008/POLITICS/12/11/congress.auto.bailout...) about the proposed bailout, was that it was meant to keep the companies afloat until March-ish. Without, the outlook is a lot grimmer than 6 months, given March is more like 3-4 months away.