We angrily debated bailing out the car guys ....... why?

[Stinky The Clown]

(60 billion? Sure. Here ya go, Mr. AIGTooBigToFail.)

I'll tell ya why ..... easy targets that morons can relate to .... great misdirection of the national short attention span ....... great cover for saving the fat cats once again.

[sendero]

1. This country is..

.. full of morons, and that is a large part of why we are here. I don't expect that to change soon, and yes - how people can possibly balk at helping the automakers while being just all right with AIG's triple dip, well, here's your fucking sign.

[Warren Stupidity]

2. It is astounding isn't it?

The car companies actually make something and employ hundreds of thousands of people, millions indirectly, but they are going to be allowed to go under.

The firms like AIG that produce NOTHING just fart a bit and we hand them a check for 60B with basically no strings attached and ask them if that is enough and when will they be stopping by for a little more.

[Stinky The Clown]

7. Yes Sir. Thank You Sir. May I Have Another, Sir?

[Edweird]

12. What you said. +1

[Fire_Medic_Dave]

3. GM was losing 2 billion a month, questioning the wisdom of giving them money was legitimate.

Thing is we should have questioned giving the banks money just as much.

David

[csziggy]

6. GM was losing 2 billion a month - AIG lost 20 billion per month in the last quarter

Why are we not questioning AIG twenty times as much as we questioned GM?

[Fire_Medic_Dave]

9. Did you read my post?

[notesdev]

4. AIG is the counterparty to Goldman Sachs on a lot of 'assets'

So in bailing AIG, what we are really doing is making Goldman whole.

I think it's really hard to make the argument why I, an uninvolved third party, have to pay for this.

Let failed institutions fail, new ones will take their place - that is all part of the cycle of life, birth, growth, death, renewal.

That is why people talk about 'zombie' - living dead - institutions, the ones that survive by bailout. They become locked into whatever they were doing at the time of their death and totally unable to function intelligently afterward.

[Taverner]

5. We should have bought out all businesses seeking bailouts

We are going to have to eventually anyway

[sandnsea]

8. AIG workers aren't union

That's why.

[MichiganVote]

14. You hit it right on the nail...its all about labor...you know..REAL labor

[david13]

10. It's the stupidity, for sure, but also

GM and Chrysler have SUNK THEMSELVES. Toyota didn't him them with a missile or anything. Again it was good ole american GM stupidity than ran them into the ground.
Like if a swimmer/non/swimmer drowns, is it YOUR FAULT you didn't swim for him or something.
I think NONE of them should get bailed out. Particularly the fat cats, but the Dems, the Greens, the Reps, the Indies, NOBODY sent ME to Washington, maybe just for that reason.
dc

[marew]

13. Agreed! n/t

[lumberjack_jeff]

11. Sure. People understand turning wrenches.

People don't understand behind-the-curtain hocus pocus.

If we don't understand it, it must be important.

Or it could just be bullshit.