30th March 2009

Bailouts and Bankruptcy

Let me get this straight… GM and Chrysler might still go bankrupt? What was the bailout for? Wouldn’t bankruptcy have been the best thing in the first place? The car companies would have to reorganize and renegotiate their contract with the UAW, which was one of the major factors in US car prices anyway. What this all means is the bailout was a waste of our money!

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This entry was posted on Monday, March 30th, 2009 at 9:32 pm and is filed under Change, Obama, Taxes, big government, economy, spending. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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  1. 1 On March 31st, 2009, Patrick said:

    Any bets on the administration being as tough on the union for their part in fiasco as they were on CEO of GM?

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