I can't comprehend how anyone (anyone in the "generic" sense, not pointing at particular person here or otherwise) in their right mind can complain about a government not focusing on domestic jobs AND suggest that supporting GM was a mistake? See my previous post to James about Ford. We did not bail out the auto manufacturer we bailed out the financial institution that happened to make cars.Do GM workers and affiliated corporations in the US not pay taxes? Workers pay taxes, true. Companies do not -- they collect them and then pass the costs on to you the consumer via the price in the product. That's the way that works. Would that loss of revenue not have an effect on our debt? Revenue has nothing to do with debt, it relates to deficits. You are either deliberately or inadvertently confusing the terms, so the short answer is "no." Would those lost jobs not increase unemployment? Would those lost jobs not impact the housing market? Would those lost jobs not impact additional household spending? morale? etc? You are going a little off topic talking about morale and secondary spending but I see your point. So, if a job is a job is a job, then I might get behind infrastructure spending to put these folks to work, but I just don't like making our manufacturing industry and its companies nothing more than Government Sponsored Entities like Fannie and Freddie -- just something wrong with that in my mind.
Again, your mileage may vary.
Bookmarks