Should the US bailout the big three automakers?

[Dan40]

Random thoughts.

The no longer BIG 3 want 25 Billion. The amounts each asked for total more than 25 Billion, but what's a few xtra Billions to us taxpayers?

An insurance giant got 85 Billion and threw a hellova party. Now they need more.

The financial industry needed 700 BILLION DOLLARS to stay in business. But the approved "EMERGENCY" bailout didn't work, but since the money is approved, lets use it some other way........What way?........Don't know yet.

Seems to me that businesses or industries that need that much money to stay in business ARE ALREADY OUT OF BUSINESS. The patient DIED already, stop the operation.

But the auto industry would cause 3 million to lose their jobs. A SCARE number I think, but we will accept it. Add on another 5 million out of work from the financial sector. 8 million out of work. Mexico might finish building the fence , but on their side of the border.

Lets double that, 16 million. Highest unemployment benefits I could find on the net, $510 a week [Mass.] So we have 16 million unemployed collecting $510 a week. They can collect for 26 weeks [I think] then there is a 13 week extension for a total of 39 weeks [9 months]. Lets double that too.
78 weeks [1.5 YEARS] X 16,000,000. claimants X $510 = <$700,000,000,000.00. [ Less than 700 Billion.] And the companies are gone so they cannot come back and ask for more.
Cheaper to let them go than to save them.


We did get a new oxymoron out of all this: "toxic ASSETS"

Dan