if our country likes being a capitalist country then we have to act like one. spending our nation's money on private industries is socialist & if we want to be socialists then we should just buy out one or all of the big 3 companies. then if the nation owns the company and if government can manage to save them from their impending doom then when they do start making money the money will eventually go back to where it originally came from (us, the u.s. taxpayers).
even if i thought that bailing out these automakers was a good idea, treasury paulson has broken my trust once before (remember the last bailout, the one that was called "the second-largest bait-and-switch scheme that history has ever seen, second only to the reasons given to us to vote for the invasion of Iraq". & there is no way in hell i'm going to give him the oppurtunity to break my trust again. fool me once, shame on you. fool me twice, shame on me.
(on a sidenote: i'm neither a capitalist or a socialist. i'm not advocating for either. i think both have their individual pros & cons. maybe i'll talk about that more later...)
more on the big 3 bailout:
- Big 3 bailout alone won't save U.S. car industry
- Why not let Detroit's Big Three go bankrupt?
- Big 3 automakers plead for piece of the pie