Quote Originally Posted by OnURleft
Although the job loss would just be catastrophic.
It would, but which one is better in the long run? Obviously, short term this is the right thing..

I am convinced that no matter how much money we put into GM, it will still go bankrupt and we will have the same job-loss result except with a fatter debt..

Just like I am convinced that Iraq is a war that cannot be won no matter how much resources we put it..

Honestly, the way I see it, let them go bankrupt, all the old farts will be supported by the government which will cost less than the bailout, and all the young chumps with no jobs should join the military.. We will have a whole bunch of troops and might have a chance in the middle east..

But yeah, really just speaking out of my ass.. Letting everything go bankrupt and it's domino effect would be indeed catastrophic to our
economy..

I have mixed feeling about the bailout as a whole, considering all of its candidates except the automakers! Let them go, they are doomed..