Should The Government Bailout GM?

[redsk1]

Originally Posted by Daseal

I'm completely against bailing out GM. It obviously sucks for those who are employed by GM (past and present). The housing collapse I understood, although I think the government should have been a bit stricter with the banks (seizing useful assets until the banks can pay them back.) However, that meant normal Americans that did nothing wrong except getting accepted for a loan were going to lose their homes. In this case, it's a private company that has made a sub-par item for years, and they have been dominated by other companies. Is this country based on capitalism or not? GM isn't cutting the mustard. Sorry. Goodbye.

FWIW, I tend to agree. It's going to hurt, but the gov't can't bailout everyone. If GM was stroked a big check, they'd be coming back for more down the road. It's sad, but like the article sais, there are reasons GM is virtually bankrupt.