Exactly!
Posted By: (sm) on 2009-01-01
In Reply to: If our bailed-out auto industry doesn't invest enough - of the money in retooling, and getting
That is, in a roundabout way, what this article is talking about. Bail out the little guy. The big guy gets theirs . . . what is owed to them, not bailout money directly, but they get the money and the consumers who owed them are no longer in debt. Personally, I would buy a new car only because our two are on their last legs, but if I were debt free I would be able to afford to buy one of the newer, green cars. But people would not be required to buy new cars under this plan, I just think that a lot of people would because they need them, or even just want them. Just saying that we could all get bailed out, including your mechanic (whether it is because he needs a financial bailout or just by virtue of the fact that people would be able to bring their cars in for repairs) instead of just big business. The economy, IMO, would be able to get the boost it needs because consumers would again have money to spend, rather than spinning wheels and going nowhere, and the money is at least partially paid back in the form of short-term higher taxes for those who accept government money to bail them out. I sure think it beats handing over trillions of dollars to the big guys only to watch them squander it on unnecessary extravagance while the consumers, the ones they keep saying they need to start spending, remains unable to do so. Maybe not a perfect plan, but a darn sight better than what they are doing.
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