Clive, I don't understand. The latest news about all of these bailouts is that GM's CEO Rick Wagoner is resigning as part of an agreement for the government (taxpayers) to give the car company even more billions. What will his resignation accomplish? Surely, this one man didn't cause all of the problems and a new CEO can't come up with the solutions needed to keep them in business. No matter who's in charge, GM will be back for more billions as long as anyone is willing to hand them out.
Now, Clive, I'm not an expert in economics, but there's something really slimy and disgusting about all of these bailouts. I can't believe that continuing to provide welfare for corporations will help the rest of us and not just the chosen few. We've been doing that for decades and look where we are now. What's your take on all of this?
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