Obama Pushes Out Wagner

[AirMax95]

Let me rephrase; when did it become the american tax payers responsibility to " Bail out" companies that can't stay afloat on their own. I Feel bad for the people that will loose their job but, as is the norm chances are someone will buy them out. Where was the US Gov't when Tandy corp shat itself, or when the mom and pop store went under? I understand this is a much grander scale but but putting a band aid on an abscessed tooth does not fix it. It just hides the rotting flesh underneath. Just my opinion.

Good point, but no firm or entity stepped up to help the automakers that ASKED for assistance (that I recall, but I could be wrong). I am sure that if there were firms that knew they could make good off loaning money to GM, they would have.

Don't get me wrong, I was torn on the bailout of the automakers. The blow that would have laid on the U.S. was grand, yet the taxpayers are responsible for footing the bill (and the high salaried execs pay).

The industry needs a reconstruction from the ground up, as well as the companies.