Quote:
Originally Posted by GH85Carrera
They can just get another few billion of bailout money and keep on going.
How many billion did the taxpayers get shafted on last time?
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With the Govt's sale of the last shares of GM, anyone that actually has a job and pays taxes was left with about a hole of 15 Billion dollars(spread out amongst about 150 million working Americans)
Yes...a company who produced planned obsolescence along with some of the worst excuses on 4-wheels did not deserve to a single dime of taxpayers money to bail them out.
Capitalism is sink or swim...and if your product/service is so junky, then eventually that entity simply dies...and the customer simply goes to somewhere else which WILL provide that expected level of goods/service. GM thankfully isn't the only game in town.
SEARS in California several years ago was about to be thrown out of CA for doing such unscrupulous repairs on cars at it's automotive service centers. But by lobbying lawmakers, they duped them into staying because SEARS was such a good corporate citizen by paying it's taxes/jobs held, etc. Don't lawmakers with even an average level of intelligence know people can actually take their business to a reputable place, and let SEARS just die? So like with GM, Sears is allowed to do business as a disservice to the American consumer in the interest of 'commerce'. Let Russia support and subsidize bad business, not here in a free-enterprise system.