Monday, June 01, 2009

Throwing good money after bad

So, we gave GM multiple bailouts of BILLIONS of dollars in order to keep them out of bankruptcy. So what is the ultimate result? Bankruptcy.

Can anyone explain to me why this should NOT be seen as a colossal failure of both Bush and Obama policies?


quizwedge said...

It allowed Obama to nationalize private business, so I doubt *he* (or anyone who thinks like he does) can see this as too big of a failure.

toni thatcher said...

They should not have taken it out of the experts in bankruptcy, the bankruptcy courts, hands. Because it wasn't, we now have political inequality established as precedent. Unless it is challenged by our congress it will only become the norm.