"Greater cause" ? Oh lord. With your logic, 100 years ago the govt should have bailed out horse and buggy manufacturers. You do understand that GM was basically stolen from shareholders? Rather than restructure under bankruptcy? How many USA plants still closed and opened overseas? So it's ok to toss them billions borrowed from China to keep up a failed business model? Gee, how come Ford is sitting pretty and didn't take a bailout?<quoted text>
Regardless, it still doesn't changed the fact that American made companies are still in business, the Inspector General Barofsky stated repeatedly to Neil Cavuto "I mean, the good news is, that money — they already have that money that’s in that escrow account, so it does lower the total amount of money that they owe to the government, so that’s somewhat good news," Barofsky said. "But I don’t think we should exaggerate it too much, when we remember where — the source of this money is just other TARP money."
So here is the thing,Inspector General Barofsky stated its good news. GM is still operating in the United States, Tax payers did get the unused TARP money, and YES about $34 billion may never be repaid for some time, but lets look at it in a long term prospective. 1.) GM is still a quality American manufacturer 2.) Jobs are saved! people are working, more money into the economy, economy is more stable now that what it would be if the bail out never happen. It makes sense that if G.W. Bush can do this with wall street (which I never had a problem with) it makes sense to do the same thing for blue collars in Detroit.
A little bit of sacrifice for a greater cause will not kill anyone regardless what party came up with the idea. The goal is for a common cause instead of bashing. If you are not part of the solution, you are part of the problem. The left wing is no different than the right wing and I will not partake into any tasteless attacks upon anyone for any difference in opinion from mine involving religion, race, sexual orientation, etc. At the least, we can level with each other on neutral ground and agree to disagree.
Yes, it kills something. Logic and common sense., competition, business , you name it.