Quote from Illum:
I don't know why so many people get so angry at the blue collar guy who organized to try and have a life that wall streeters laugh at. This feeling is prevalent though, so maybe everyone else is right.
There was VERY heavy opposition to the bailout, in case you were not aware. There is still opposition to it, anywhere from the regular folks to the anchors, commentators, editors, etc.
The auto bailouts get more publicity because Congress is actually making a stance for some desperation Public Relations. But either way, the autos do not deserve the bailout, noone does.
I think the real issues with the Big Three Autos is that they smelled bailout and came asking for money. And now they are getting it.
So what this means is that if you run a failing large corporate, come asking for money and you will get it.
... chuckle