re: #346 Killgore Trout

You’ll collect a lot of downdings for that one but I agree. What people aren’t considering is the alternatives. If we don’t bailout financial institutions the economy has no hope of recovery. The TARP buyout was a necessity and any responsible leader (Dem or Rep) would have done it. Giving the money without oversight and conditions would be irresponsible.
These bailouts should be painful for the companies receiving them. The fact that they are bitching and complaining is a positive sign.

You can make arguments about what sort of assistance the gov’t should have given troubled financial institutions. That’s for a different post.

But why the heck should the taxpayers be subsidizing GM’s failure?

There are plenty of other car manufacturers that are doing better jobs, and why should THEY be penalized for doing so by having their mismanaged competitors propped up at the public dime?

I would make a STRONG argument that its in the public’s interest for GM to enter chapter 11.