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Bridge loan to nowhere..
JohnH wrote:
On Mon, 08 Dec 2008 07:07:36 -0500, 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? When you add in the 20-40 million illegal immigrants into the equation, who will work for minimum wage, it's easy to see why unemployment of US citizens is so high. Ahh...it's the fault of the illegal immigrants. I knew it! snerk |
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