Friday, December 12, 2008
Comment on Bailout from Michael Cackler
I agree that we might have to risk the large amounts of unemployment to avoid the distribution of money to companies that don't even make an effort to help benefit the economy and their employees. Companies such as GM and Ford consist of many employees, those of which are mostly living from paycheck to paycheck. These companies look to employ minorities in order to prosper, giving those an opportunity to support themselves but at the same time benefitting because they don't have to pay them high wages. Though you state that this will be a "quick fix", I do believe that this bailout will also have it's consequences. They are in hopes to benefit just the company, but this bailout somewhat proves that they want to aide in this foiled economy. The only problem is, which companies will this apply to: the more stable and highly-valued companies or ones that the government will continue to babysit. There definitely has to be very strict requirements and dedication to such a bill.
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