The banks made dumb loans and the auto companies made dumb cars and we want to give them money so they can keep on producing dumb goods and services. Turner said they should be making blades for wind farms and solar panels. I say that if we are keeping those enterprises open just to prevent massive unemployment. Would’nt it be cheaper and more meaningful to send them unemployment checks while they are retraining to do something else. I think that the financial function has taken on a life of its own and some of it should be allowed to die a natural death.
November 17, 2008
I tend to agree with Ted Turner about the bailouts.
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