01-12-2009, 01:18 PM
Well the issue with the financial bailouts, particularly Fannie and Freddie, is that the problem was CAUSED by the government. The sole reason Congress wanted to bail them out is because they knew how terrible it would reflect on Congress, so they needed to keep things low key.
The auto bailouts are equally as horrible. I understand that there would be jobs lost, but I don't think too many of the employees were complaining when the unions which drove the companies into this mess were paying them ridiculous salaries with incredible benefits. If the unions hadn't been involved, the factories would have been able to pay less, and it wouldn't cost as much to purchase a car, which would mean higher sales and more job security.
People can spin it any way they want, but the reality is that fiscal conservatism works.
The auto bailouts are equally as horrible. I understand that there would be jobs lost, but I don't think too many of the employees were complaining when the unions which drove the companies into this mess were paying them ridiculous salaries with incredible benefits. If the unions hadn't been involved, the factories would have been able to pay less, and it wouldn't cost as much to purchase a car, which would mean higher sales and more job security.
People can spin it any way they want, but the reality is that fiscal conservatism works.