...why is such a waste of money to give Detroit about ten-percent of that?
Citigroup is far from blameless when it comes to the company's...ahem...troubles. In fact, we the American people are giving them a ton of money to make up for what appear to be absolutely dunderheaded investments...we're bailing out folks who made horribly risky investments and got burned. Isn't that how this system is supposed to work? You take big risks, you could lose big?
So why are, mainly, Republicans so against giving GM, Ford and Chrysler money? In this case, we're basically saying that the economies of several states - all already in deep recessions - to collapse. And we're talking about millions of jobs, and - in my opinion - we're talking about a security risk if we have no auto manufacturing sector that we can call our own.
So Citigroup yes, GM/Ford/Chrysler no? I don't get it.
And, as I'm still looking for work, can I get a bailout too?
Tuesday, November 25, 2008
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