QUOTE (bihfan @ Feb 18 2009, 01:55 PM)
Please- after inflation kicks in you'll be in the hole even more, so you won't be able to save a penny of it. That $13 ought to get you about 3 or 4 gallons of gas this summer. And to those that say it will take a while to get better, there is no guarantee that it will EVER get better.
Well I disagree with the never get better statement. It will, in time.
Everything else is right on.
QUOTE (Jake-9 @ Feb 18 2009, 02:15 PM)
The bailouts and packages might not be the best solution, but what other option was there?
To tell the banks to figure it out themselves. To tell the big three (no longer, I guess they're the mismanaged three) to get bent.
QUOTE (Jake-9 @ Feb 18 2009, 02:15 PM)
What would the consequences have been if the banks failed? What will the consequences be when the motor companies fail?
The banks would not fail. The banks would do something. We gave them a shitload of money and they did something, they went to insane resorts and had a party. If we gave them nothing, they'd liquidate some assets like all the houses they forclosed on.
In my wildest dreams, Ford would go up in smoke. GM would straighten out it's act and Chrysler would get bought out by GM and the brands would be dissolved.
If real life, Ford would survive on the massive sum of cash they're sitting on. Chrysler would get some sucker to buy them and GM would go up in smoke. Toyota or perhaps Honda would buy all GM assests at a very low percentage on the dollar, hire a lot of the GM workers and everything would be dandy.
Business is like nature. You can mess with it all you like, but the fact of the matter is quite simply, you can't stop the tornado or wildfire. At best you can avoid it and maybe delay it, but it will still burn.
Oh, and that Tokay gecko is gonna cost you $300 to set up a small habitat for him. The light bulbs you need to replace every six months run about $40 each.