Quote:
Originally Posted by MeadHallPirate
*sighs and shakes his head*
ahoy and good morning mateys!
i asked this question musingly just a few weeks ago, but now the whole thing seems to be snowballin'...yet another industry that be too-big-to-fail be needin' a shot in the arm to get through these troubled times.
as i noted in 'nother thread, the current cost 'o the bailouts be 8.5 trillion, once loan and asset guarantees are included.
today, thar be this news....
http://www.nytimes.com/2009/01/02/bu...l.html?_r=1&hp
be thar a limit fer this kinda government help, and eventually can't an arguement be made fer small businesses to get bailouts too? imma not talkin' about anythin' too crazy, maybe a half million each fer all 'o us?
aye?
-MeadHallPirate
|
the steel industry is an adjunct to the auto industry, of course, they've long been predicting that a failure in one would lead to troubles in the other.
i'm a lot less upset about this than i am about bailing out the bankers. pretty much might as well bail out compulsive casino gamblers as bail out most of that lot. but we're gonna need people who work in industries that actually make something useful, autos and steel definitely fall in that category imo.