You know, some truths are "self evident", Mike. Some things just don't need an explanation. Minimum standard's of living are what civilized countries around the world seek for their people. The right to life comes to mind. Pull away all the Government services and people will die. Every country has a plan to deal with the chronic poor, the tired, the helpless, the homeless Vet. What that plan is varies. How it's funded varies. Where to cease and desist with the Government programs vary. Some countries are forced to accept it, no vote, no voice. The USA has a robust form of Government that does give people a voice, a vote. Go America!
Corporations, should not and cannot be allowed to come to the Government time after time for a bail out. We need to either enforce existing regulations or create new ones to prevent this from happening in the future. One such plan is to limit the size of some of these mega corporations to keep them from threatening the US economy should they fail. We rely on other industries/Corps for National Security reasons, they MUST be rescued no matter what.
In these extraordinary times the economist's from both sides of the aisle came up with a rescue, a bail out plan that in their view HAD to be done. For the good of the country. It could be reasonably argued GM and Chrysler was not SO big, SO important that it warranted a bail out. I don't know if it would have been better to let them fail or not, I mostly slept through economic classes.
Infletcher, is it your opinion we should have let GM and/or Chrysler fail on their own and go into bankruptcy? What would have been the repercussions from that?