GM failure: The shockwave
If General Motors declares bankruptcy, industry watchers say, the entire domestic auto industry could be badly hurt.
Yeah yeah . People are tightening their belts, they're not buying cars, so it's hurting your business. GIVE ME MONEY !
Guess what ? People are tightening their belts and not going to restaurants so often anymore. Why don't we give money to them ? Or to Clothing stores ? Or to gas stations since they're not driving as much and not buying as much gas ? How about video game manufacturers ? Now that everyones living out of their cars they don't have any place to plug in their nintendo's anymore ! That industry could use some help too ! Or maybe computers ... microsoft is likely to start hurting too , have pity on the third richest man in the world and throw him a few billion too ...
Yep yep yep. 700 billion on the table , and everyone wants a piece of the pie. Capitalisim at it's finest.
Hmm... giving money away... didn't all this whole mess start because the government gave everyone and the dog a hundred thousand dollar loan with no credit check at all and thus badly inflated the housing market ? Didn't this all start with the government giving money away for free ?
Are they making things better , or worse ?
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