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Reply #23: Except: The banks have a "product" that consumers want: loans [View All]

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question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:17 PM
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23. Except: The banks have a "product" that consumers want: loans
while the cars being manufactured in Detroit: how many people are now for a market for them?

Don't get me wrong. Not helping them will send us into a deep deep recession. We have to help them because of us, not because of them. Because of the long waves that their bankruptcy will affect so many small towns and millions of workers.

But the bottom line is: if you get the funds to.... continue make cars, who will buy them? Don't you already carry heavy inventory?

And this is why I think the $35B should be taken from the $700B to offer loans to people who are in the market for a car. And offer a tax credit for the ones who purchase a new car from them.


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