|
Re: Obama Motors
Quote:
Originally Posted by Schneed10
It should be noted that we're arguing hypotheticals, and grilling Obama here for something he hasn't even done yet: institute tax breaks especially for GM cars while under government ownership. It's kind of putting the cart before the horse to get on his case about this.
But, swooping in and buying up a controlling interest in GM after its management has positioned it to become one of the biggest failures in American business history? That shows highly suspect knowledge of business and investing.
I'd feel better if it were just a bailout, but buying up shares? Borders on reckless.
|
Agree on the hypothetical argument, we definitely need to wait and see. And agree 100% about buying up GM, not a good idea. I would've rather seen a bankruptcy without the U.S. government holding an ownership stake. On the unemployment vs. owning GM, I'll take the unemployment insurance route, at least the unemployment eventually ends. This GM could be an albatros on the gov't neck for many years (Amtrak).
__________________
"I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.
|