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Originally Posted by Antitrust32
i dont understand why the govnt should bail out automakers.
Why dont they bail out all the 1000's of companies that are tanking right now?
I really dont understand enough about all this to be honest. but if you're going to bail out some.. shouldnt you bail out everyone? or dont bail out anyone!
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Whether you understand it or not, you make a great point. Where does it end? Does the great Paulson have the divine wisdom to deem one company "too big to fail" over another? On a larger scale, one industry over another?
Where does it stop? Im not poking at Miraja or anyone else that Ive debated this with, but if this isnt socialism i dont know what is. It is socialism in its purest form. And Im not arguing against what the government is doing, I just think a spade should be called a spade.
It looks like the 700 billion dollar "tarp" should be renamed the 700 billion dollar bait and switch.