Thursday, December 18, 2008

Heard a good idea the other day

Instead of the Gov bailing out the automakers...why don't the oil companies, they all recorded record profits this last summer.
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2 comments:

Brett said...

They make 10% margins. Why not have Microsoft or eBay or someone who makes 40% margins do it.

The price of oil in the $30 range is such that I bet many of them are losing money now already. Lets get ready to bail out oil companies! Not.

The problem I have with bailing out automakers (much less anybody), is that they are selling 50% fewer cars now. So what happens when we give them $35B? They still need to layoff half their people unless they're going to use the money to just pay people to do nothing (which apparently they're already doing).

I can't wait to see the headlines when we give them $35B and they still lay off hundreds of thousands of people. But it has to happen.

Next down the pipe will be bailing out state, city, and county governments. It will never end.

December 18, 2008 at 12:18 PM
brg said...

oh...i forgot to mention... i like your blog name..

signed,
your friend cynthia

December 23, 2008 at 10:28 PM

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