Tuesday, August 9, 2011

GM Bailout - What do you think?

The bailout still helps circulate money in the United States because GM doesn't only operate in Mexico. If GM was not bailed out, thousands of jobs would have been lost and it would have resulted in a huge economic contraction. Now, GM is seeing profits and are on track to repay the loan before the original deadline. I do agree that these cars should be produced in the United States. But when someone buys a foreign car, the money goes overseas and it does not help our economy. The government saved a U.S. company, saved jobs, prevented an economic contraction, and the money is on track to be repaid before the deadline. Ultimately, good decision.

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