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First recorded activity by BoatBanter: Nov 2007
Posts: 864
Default Bridge loan to nowhere..

On Sun, 07 Dec 2008 19:28:01 -0500, Tom Francis - SWSports wrote:



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.


Hell, I know that, and didn't mean to insinuate anything else. We're
just looking at this differently. Right now, I believe the economic
situation it too perilous to allow GM to fail. It is difficult to defend
GM. They have had plenty of warning to make the difficult decisions, and
they didn't. As I have said, under normal circumstances, I'd let the
market deal with them.

From my perspective, eventually, several major car manufacturers are
going to fail anyway. There seems to be a glut of manufacturers with
very few open markets.






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.


 
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