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Bridge loan to nowhere..
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Tom Francis - SWSports
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First recorded activity by BoatBanter: Sep 2008
Posts: 2,326
Bridge loan to nowhere..
On Sun, 07 Dec 2008 16:51:16 -0600,
wrote:
Frankly, I don't give a damn about GM. During normal times, I'd say let
them go under, but in these times, I think the risk of letting them fail
is too big. The bridge *loan* they are talking about is 1/10 what we
have already spent on Wall Street, and only a couple of months of the
spending we've been doing in Iraq for years.
I understand and I don't think it's funny at all - it is very serious.
However, I've been through this - I'm, and you, are old enough to
remember '56 which was as bad if not worse than now. We all survived,
our father's got new jobs and life went on.
Maybe it's because I see it as more black and white than others - it's
not that I don't have empathy and sympathy for laid off workers - I
do, believe me I honestly do.
But you know what - they expected the good times to keep on rolling
and their bosses expected the good times to keep on rolling and guess
what - the good times ain't rolling anymore.
Pain is a great motivator. I've been there - not a dime to my name,
fresh out of rehab, no home, no job, but I swore that would never
happen again. I worked my ass off, obtained more education, Mrs. Wave
worked an after school job for a few years - we scrimped, saved,
invested and only bought one thing on credit - the property we now
own. And that was paid off in ten years.
We owe nothing, are comfortable and it's all because we took nothing
for granted and planned for the future - good times and bad. We took
responsibility for our own future.
And that's what's missing here - we're asking the average taxpayer to
keep GM's and the UAW's future sound while their own is on shaky
ground.
That's not fair.
--
"An idealist is one who, on noticing that
a rose smells better than a cabbage, concludes
that it will also make better soup."
H.L. Mencken
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