this is a democracy with a capitalist economy the last time i checked. with that said, if the car companies go bankrupt they go bankrupt. i believe that the whole will be filled by someone else. to bad. capitalism. that's life.
on the note of helping out, governments should put our MONEY back into the population. to do this, they must pump billions into our charted banks instead of car companies that declared massive profits and ridiculous bonus's. this special action will force the banks to lend this money with extremely relaxed lending rules.Canada must also guarantee these loans at least partially. the banks are happy because they will be allowed to make a small profit and money will start circulating again. believe me this will start the economy again. Second, the banks started all this credit card debt, yes even in Canada. this has to be paid, but, there should be a grace period where anyone carrying a credit card debt be allowed to convert it into a mortgage style loan giving the borrower at least 20 years and at the current rate of 3%-5% instead of the 19.9%-24% that they(the banks) are currently charging the public.
I could go on, but this is not a forum for financial advice. Hope you agree with me. after all this is done, we could all at least afford 2 more ep 800's with my ep 600 going behind my flat screen.
there you have it.
