You are so clever handbag, you must have a wonderful Muse.
BTW, you failed to acknowledge the obvious truth of my post and could not offer a counterpoint. Are you really so dumb ... ? Yep, I need not guess, you are!
What you said was "true," but you completely did not grasp my point. Seriously, when I use terms you don't understand, like "opportunity cost," why don't liberals google it? Why do you post showing you didn't get it and didn't learn it? I google every term or idea I didn't know. But then I care about truth.
Opportunity cost here refers to that the money did not come from nowhere. It was taking OUT of the economy where it would have done all the things you mentioned anyway. So the things you mentioned did happen at GM, but that was offset by that they didn't happen where the money was taken from.
And the price we paid was more debt for taxpayers. Companies that invested wisely were punished by competing with taxpayer subsidized cars. That is what you did not grasp. And the handbag did. She actually is a clever handbag, and you're not.
Nice try. What would be the result if GM had failed? Or under restructuring, what might have been the outcome? Lower wages, less benefits, an inferior product, hence less sales, a falling stock? Or do some think restructuring wouldn't create industry havoc?
Coming to conclusions and making policy which must fit within an ideology is what go us into the economic mess known as the Great Recession. Refusing to 'bail out" GM and Chrysler based on an ideology would have been foolish and catastrophic to the families of GM & Chrysler Employees, their suppliers and the sales force around the country. In the middle of massive layoffs how many more would have lost their jobs?
total horseshit---------the end result would have been several new smaller more efficient companies.
those new companies would have had union representation votes---the UAW could not take the chance of losing that many dues paying members and the DNC could not take the chance of losing millions from the UAW.
the bailouts were done to save the UAW, nothing more.