The Mudcat Café TM
Thread #87288   Message #1629057
Posted By: jimmyt
16-Dec-05 - 06:12 PM
Thread Name: BS: Should Feds Bail Out G.M.???
Subject: RE: BS: Should Feds Bail Out G.M.???
I see absolutely nothing in the constitution that supports the federal government bailing out GM, nor any other company. It is a sad turn of events that some natural phenomena has changed the landscape of the American Industry. It is, however, one of those things.

I worked for a steel mill in Ohio that closed their doors after 50 years because they couldn't stay competitive. Look at Pittsburgh during the late 70s and 80s. Nearly a ghost town with all the mills closed. Life goes on. Pittsburgh now has a robust economy that is no longer steel based.

The Government stepping in to "Help out" has as good of a long term prognosis as introducing Kuzdu to control erosion. I well-meaning idea that simply made things worse.