both, but the better choice, would be the latter.
Unfortunately, Pelosi’s proposal for a second stimulas package is earmarked for consumers to spend…Most of which will end up in the hands of businesses overseas…
On the other hand, Pelosi is working on increasing the bailout package for GM and Ford. I don’t know why we’re doing this. GM and Ford need to buy cars people want. They made a bet on SUV’s and Trucks…That was a bad bet…Now they are in the situation they are in. Not mention they pissed away GMAC, which is now majority own by Ceberus (yes, same people that own Chrysler…And they financing policy of only financing people with credit scores 700+ is definitely hitting GM).
I don’t see why when a business makes a bad decision why they should be bailed out, bank or auto manufacturer. There’s plenty of things they can do…. GM and Ford can cut down on the number of brands, they can cut down production of all the trucks and suvs. I can’t count how many GM/Ford vehicles are just badge engineering, where a Ford is a Lincoln is a Mercury, or a Chevy is a Pontiac is a Buick is a Caddy…
Unfortunately, they can’t cut down on union workers due to contracts, but do what Toyota is doing, send those people off to get retooled/retrained and make it mandatory, or make those people go spend hours in some community service, mandatory.
I really hope us taxpayers don’t end up owning GM or Ford. At least they could invest in some other auto maker I’d buy from, like audi,bmw, or hyundai…Or some of these alternatives like Tesla.
