Originally posted by MDDoxs
reply to post by jdub297
I did not insinuate that the families or those affected by this situation are "chump change", drawing this type of conclusion is the definition of
ignorant, so deny yourself mate.
All i was trying to point out that the difference of scale on a national level, between the national bailout and this 20 million loan, which i have
stated many times as ridiculous, as per the other users post.
Reading the entire thread is part of denying ignorance, do not just read one post without reading the context it was positioned. Assumptions are bad
Your words speak for themselves.
There is nothing to assume, and the only thing ignorant is believing that a give-away to the UAW at the expense of secured bondolders (teachers,
firefighters, policemen, et c.) and the selective closing of thriving individuals' businesses for the benefit of GM (largest shareholders UAW and
USA) is somehow collectively better for the country as a whole; or that the GN baillout "saved the auto industry." Hogwash.
...There is a difference between the bailout which prevented some serious consequences to the US economy as compared to supporting a car
dealership...20mil is chump change in the grand scheme of things....
An organized restructuring or liquidation would not have caused "serious consequences" for our economy any greater than the direct result of the
bailout. The taxpayers are out at least $26 billion just on GM alone. As the stock keeps crumbling, the losses insrease.
GM closed more than 2,000 dealerships for no reason other than to give Obama-favored dealers greater market-share and success, all chosen by EEOC
standards. Every one of those closed had nearby restaurants, parts-houses, contractors and suppliers that counted on their business. Everyone one
had employees, bank loans, mortgages, shareholders and investors who received NOTHING; some after 3 generations in business. And what about the
employees' own loans, mortgages, and local businesses that depended upon their patronage?
"Chump change," my ass.