I am wondering what everyone's thoughs are on the Big3 bailout? Why are they not having to file Chapter 11 instead of asking to be bailed out? This way they could renegotiate contracts and try to get a working budget. Why should we be so quick to throw money at a problem? Has a bailout ever worked without a company going into Chapter 11, in history?
Answer by SheriSanchez at 2:21 PM on Nov. 17, 2008
We are a welfare country now so everyone has their hands out. I hope the government gets a clue and now realizes bailouts are not the answer. The economy and housing markets are correcting themselves. Companies will shut down people will lose jobs already happening. Taxes have to be cut even for those making over 250k. We need to get the cash flowing in our country. We need less bailouts and more personal responsibility. Bailouts only make things worse.
Answer by Anonymous at 2:04 PM on Nov. 17, 2008
Answer by SheriSanchez at 2:27 PM on Nov. 17, 2008
Answer by Anonymous at 2:27 PM on Nov. 17, 2008
Answer by grlygrlz2 at 2:28 PM on Nov. 17, 2008
Answer by EarthMuffin1965 at 2:38 PM on Nov. 17, 2008
I guess the only problem I am seeing with the difference between Chapter 11 and bailout is that the bailout doesn't change the budgeting of the company. I know the Pelosi says that there would be 'conditions' to the bailout, but do we really need to assign another job to someone to make sure the companies are upholding their agreement? And do you really think they will (no)? Some of these employees are being paid $75.00 / hr. You can't seriously tell me that there is no way for these employees to live on a lower wage. Chapter 11 NEEDS to happened with the Big3 for them to succeed in the long run. If we go with a bailout, the money will run out and we will just be $25 billion behind. This is also the only way to ensure that the retired Big3 employees still get benefits. If they fail, they all get nothing.
Answer by Anonymous at 2:45 PM on Nov. 17, 2008
Answer by o0gone0o at 2:57 PM on Nov. 17, 2008
Answer by Anonymous at 3:18 PM on Nov. 17, 2008
Answer by Anonymous at 3:20 PM on Nov. 17, 2008