|
posted to rec.boats
|
|
external usenet poster
|
|
First recorded activity by BoatBanter: Dec 2008
Posts: 1,185
|
|
Bridge loan to nowhere..
BAR wrote:
Boater wrote:
Tom Francis - SWSports wrote:
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.
Too bad we've lost more than a million jobs in the last year. But I am
sure there are jobs aplenty for everyone, including the aging GM
workforce.
It is amazing that as the population increases and more of the youth
come onto the rolls of job seekers that we don't have 50, 75 or 100
million people out of work. If we are to believe the naysayers then our
percentage of jobless in the USA would increase over time without ever
decreasing. The strange thing is that it keeps fluctuating between 4%
and 7% regardless of the size of our population?
Can you explain any of this Harry?
Of course. It is explained all the time. Perhaps if you stayed in school
a bit longer...
|