It's For The Ecooooooooooonomy!

[unixronin]

Our thanks for bailing GM out? They’re going to roughly double the number of jobs exported to China, Mexico and Korea.

Yeah, that’s really going to help the economy.

Let the bastards fail. They got themselves into this mess. We can't keep throwing good money after bad forever.

Oh, wait, I forgot. It's not really what you could call "good money", is it? It's probably still wet from the presses...

Comments

[ithildae.livejournal.com]

1% of $15 billion is more than $100,000. I did know that the Model A got better mileage. I also know that my 14 year old Saturn has more luxuries and features than were ever dreamed about when the Model A was in production. That lost mileage goes to cover my comfort, among other things. I understand the cost and trade offs, I also understand that there are better ways of getting around today.

I think we agree that subsidizing a failing giant is a futile gesture, with any kind of planning horizon of more than a few months. One specific example of a better company to invest in makes a great point. I think there are many examples of a better investment. And if they were invested in, they would easily absorb the lost jobs from the failure of GM. The whole concept just turns on my "rant" mode.