10 Stupid Moves That Created This Mess [View article]
Frankly, bailing out all these companies doesn't help the problem. The PEOPLE. The ones paying all these companies don't have the money to keep supporting them. Since the Gov't is giving the money to the companies and not the people there's still a HUGE flaw in the bailout plan. Sure GM got enough to sustain for a while, but with 600,000 people unemployed and more everyday. There just isn't enough people buying anymore. They will be back or they will fold because no one has the money to afford to buy right now. Credit is too tight and who has the cash?
Yes we did it to ourselves, they did it to themselves by pricing themselves out of their own markets, the oil "crisis" fueled the flames that have been faning since before my birth. Best way to get out of it? Let the failures fail and rebuild out of the rubble, hopefully wiser and better planned.
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Frankly, bailing out all these companies doesn't help the problem. The PEOPLE. The ones paying all these companies don't have the money to keep supporting them. Since the Gov't is giving the money to the companies and not the people there's still a HUGE flaw in the bailout plan. Sure GM got enough to sustain for a while, but with 600,000 people unemployed and more everyday. There just isn't enough people buying anymore. They will be back or they will fold because no one has the money to afford to buy right now. Credit is too tight and who has the cash?
Jan 01 11:52 am
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All Comments by Colleen »10 Stupid Moves That Created This Mess [View article]
Yes we did it to ourselves, they did it to themselves by pricing themselves out of their own markets, the oil "crisis" fueled the flames that have been faning since before my birth. Best way to get out of it? Let the failures fail and rebuild out of the rubble, hopefully wiser and better planned.