My Question to everyone living in developed countries specially north americans.
**Would you like to government to pay $25 billion dollars to Automakers (GM, Ford, Chrysler) from ur tax money??? **
If yes is ur answer, would u like specific conditions for that? IF No is ur answer, explain y, and do u know that if u do bailout it would u cost u $25 billion, but if u dont it would cost $200 billion to US alone and economy is literally gona tumble and the “whole world” is gona suffer.
Yes for bailout , condition would be that executives pay should be reduced to the lowest possible level , if they can find a better job they can go and find that other job , they will have to work hard before they could go back to their original salary. That will be an incentive for them to use that money properly.
Do they have a choice, they either bail them out till conditions improve or pay unemployment benefits to thousands who will become jobless. Catch22 situation.
Do they have a choice, they either bail them out till conditions improve or pay unemployment benefits to thousands who will become jobless. Catch22 situation.
Eco, we have lived among the "Big 3" and have experienced their growth as well as downfall. In fact we have been personally affected by it. Their current situation has affected not just thousands of people but the entire economy and if a little bit of my $$ can help bring them back, I am willing to help.