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Sadly, if the banks fell through, nobody would be able to buy ANYTHING. What good would it have been to keep jobs going if, because the banks went belly up, their paychecks might as well be Confederate Currency? Sadly, thanks to the Bushes, the Banks were in a position where if they fell, EVERYBODY, left, right, poor, North, South, East, West, even the lower upper class, would have gotten washed away with the tide. Granted, am i glad Hank Paulson will not be the one running this, YES. I myself want to see AIG gutted and turned into the shell for national health insurance, which would mean that everybody bu the execs could keep their jobs, but frankly as much as we wanted to ignore the banks, we could not, because all our paychecks would be flushed, which of course, the GOP would have no real problem with.
The car companies are different because we know that these execs can easily chew through endless amounts of money. We could offer Ford and GM a trillion dollars, and they could find a way to somehow lose it, and then, with precision, go right back to their plan, which is to declare bankruptcy. It's one thing to give money to people who do not want to fail, it's another when failure is exactly the goal, why, because those bankruptcy proceedings are the only weapon they have that has a shot of killing the UAW. Do you honestly think that they are not planning right now how to use this money to get rid of the UAW right now? Money buys them time, time to buy golden parachutes, which is all that money will buy. Do not get me wrong, I know the bailout will pass, and I know that these companies will still go belly up, because they want to. It is an act of economic suicide bombing, and just like our imperial misadventure in the Mid east is shown, you cannot frighten the suicide bombers with fear of death. We need to have iron bonds put upon these execs, as well as upping Cafe standards. Our only hope of stopping them from dropping the bankruptcy bomb is to put enough stick and carrots into this bill that they will put it off for a bit, just in time for Obama to actually become president.
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