Quote:
Originally Posted by ar81  Wealth distribution in US is done via employment, not via government bailout to citizens.
Employment is in the hands of executives who make poor decisions.
Executives want government to bailout their poor decisions, using employment as excuse.
So it seems that US distribution of wealth is being hijacked by people who make bad decisions and want taxpayers money to subsidize their decisions, while keeping employees as hostages.
Do you think that a car industry bailout should take place? |
No.
Free enterprise should stand on its own merits, otherwise its not free enterprise. If you or I had a small business that was about to go under, the government wouldn't rush to the rescue; they would say, tough luck, but that's the law of supply and demand at work and the magical self-regulating nature of our economy. Should the car industry be any different, simply because they're bigger?
Second point: Bailing them out without fixing the underlying problem is just bailing water out of a boat without fixing the hole. What's the government going to do to fix the reason they need bailing out in the first place? Why isn't anyone talking about that?
Starman