Are you talking about the function of a REPUBLIC? WOW! YOU make too much sense. lol<quoted text>
Why don't we start with what caused them to get into that position in the first place: government.
Remember, you can't selloff bad securities unless you have those bad securities to begin with. This all started long ago with the desire to turn irresponsible people into homeowners. It didn't work and couldn't work, but it sure bought a lot of votes.
I don't think our government should bail anybody out be it banks or auto manufacturers. It's bad enough we are creating irresponsible individuals, but now we are funding irresponsible institutions. As long as we keep pumping tax dollars to cover the mistakes of others, nobody will ever learn a thing. They will continue to exist in a precarious way. Secondly we need for government to stop telling businesses how to run their business.
The voters need to realize what made this country great on the world stage & what it takes to keep it that way, the Pride & Envy of all others as our founders set it up to be.
The bail out of GM could be argued as criminal. THE Government does NOT belong so engaged in the private market. NOW the taxpayer is coming up on the short end of the stick by about $10,000,000,000.
Why didn't Holding Companies or others come to GM's aid? But more importantly, why was GM worth the risk after selling off Oldsmobile, Pontiac, Saab, Hummer, Saturn, Delco & more?
Just as importantly or more importantly, WHY didn't GM's own voting board make leadership changes years & years before?
Taxpayer dollars did NOT belong being involved in this.
Obama campaigned on Romney NOT wanting to bail out GM. Inspite of the possible job losses, Romney was right & Obama wrong since GM still factually went bankrupt but with the citizens bailing them out at a loss for the PRIVATE market.
About the same as the 'shovel ready jobs' or the Stimulus funds that pretty much went down the drain, AGAIN DIRECTLY for the PRIVATE sector. And again, with NO monetary return to the taxpayer. In FACT, there is NOW an I.O.U. to the Chinese for these actions.