Now THIS is how you bail out GM

[kj]

mikeylikesit wrote:
Your government just blew $300+ billion (with another $350 on tap) on the financial industry that did nothing for that industry which incidentally produces squat. That money was given, not loaned, and we'll never see a cent of it back.

By comparison, a $35 billion loan for an industry that produces a real product and supports jobs is cheap.

You are missing the forest for the trees.

There's no doubt in my mind that the financial industry bailout was complete and utter fraud. But our lovely politicians voted, and it's over for now. I am deeply disgusted. The automotive bailout isn't a done deal yet, so it's at the forefront of discussion. Are we supposed to do some sort of comparison with every issue? Like, "Is there a worse issue than this, if so then we must ignore this one." If someone murders one person, we let him off the hook because someone else murdered two? I don't think any of us has to choose the one and only issue to be concerned about. kj.