The Hull Truth - Boating and Fishing Forum - View Single Post - Question About Auto "Bailout" (Not Politcal)
Old 12-22-2008, 01:10 PM
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Eyeball
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Default Re: Question About Auto "Bailout" (Not Politcal)

JALICHTY - 12/23/2008 2:56 AM

... Hope it works as I would hate to see so many people be put out of work.
Me too. But ...

The current economic model failed, in part, because people that aren't working don't have income. People without income aren't buying. People not buying is causing layoffs. Layoffs means people aren't working. People that aren't working don't have income. People without income aren't buying. People not buying is causing layoffs. Layoffs means people aren't working. People that aren't working don't have income. ....

It's a vicious circle that no one has a clue how to get out of. This time, unlike the great depression, the problem extends globally.