So, I'm not good at this blogging thing. And I don't really have much to say. Ok, well that's a lie... but still deciding whether this will be a food blog or a political blog or a blog on health and wellness.
Currently, this is what is on my mind:
The EU says it will sue the U.S. if they bail out GM and Ford. And, I have to agree with the EU and the Republicans(!). These companies have been managed so atrociously for so long, and now that there is some money out there, they think they can get some. The nerve! All the rest of us have to suffer the consequences of our actions. They have had so many opportunities to run the company well. They have capital, reputation, access to highest echelons of power. It is not as if this is some poor, run-down part of the economy.
Plus, if they get bailed out, what will stop the steel industry, the airline industry, the construction industry from asking for bailouts? These are also huge parts of the global economy. There isn't enough money too bail them all out. Even the IMF has just said that they are short on funds to bail out the countries that they expect to be coming to their door hat in hand.
Then again, if GM and Ford go under. The U.S. is almost assuredly headed toward a depression.
What is the greater threat?
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