Do we need it? I mean I understand the reason behind it but did any of the other bails really help us or hurt us more? I read something about Romney backing this idea but I am not positive that its a good thing.
I'm not a big fan of these bail outs because I don't think we're in a better place now than we were before. Some may argue that we could be even worse off if we hadn't done the bail outs, but I'm not so sure about that.
Well if there hadn't been bail-outs for GM and Chrysler, they most likely would not have survived. They've both paid off their loans I believe and have come back stronger than ever. I think with the right agreement in place, it can work.
I believe it's better for businesses to handle their own problems. If they know they will always get a bail-out as a last resort, they tend not to take care of their own businesses. At least the taxpayers should get something back in return, like shares in the company.
I am wondering if it passes fully then what the outcome is going to be, how is it going to do compared to the other bailouts. I understand help when needed but just throwing some money at stuff is not going to actually fix the root of the problem.
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auto bailout?
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