Friday, December 12, 2008

No Auto Loans= Disaster

Really? no loans for the auto companies but they loaned money to all the financial institutions that are not doing with the money they got what they said they would.......really?

I need new people in charge of our government, because apparently they, and all the people who think that 'we should just let the auto companies fail' have NO FREAKIN" CLUE!!!!!!!

If the auto companies...and their respective auto part suppliers fail the amount of people who will be without jobs is going to be staggering. This will lead to the amount of people being able to pay their debt lower and lead to more foreclosures guaranteed.

This is ridiculous, if the financial institutions would have done with their bailouts what they should have, which is loosen up the lending and credit markets, then people would have been able to lease and buy cars and that would have helped some. Yes, they jacked it up, but I don't understand why people are so quick to jump down their throats about it and not about the financial bailouts.

Well, for those that thought that the auto loans would have been a bad deal, congratulations, you got your wish, now watch a lot of working class peoples lives fall apart.

1 comment:

Shorty said...

I thought it was just me! I work in the auto industry, and was surprised by the number of people who blamed the workers for the state of the industry. Don't they understand, we didn't make the bad decisions, we followed orders. And now we are all going to pay the price, while the big wigs line their pockets and move on.
Thanks for letting me know I'm not alone in my thinking.