Comments on: New US Bailout Game: Who gets the Life Preserver? http://www.thecatalystcode.com/theconversation/blog/2008/11/09/new-us-bailout-game-who-gets-the-life-preserver/ The Catalyst Code Thu, 09 Sep 2010 06:40:28 +0000 http://wordpress.org/?v=2.0.11 by: Tina H. http://www.thecatalystcode.com/theconversation/blog/2008/11/09/new-us-bailout-game-who-gets-the-life-preserver/#comment-4003 Thu, 13 Nov 2008 21:55:39 +0000 http://www.thecatalystcode.com/theconversation/blog/2008/11/09/new-us-bailout-game-who-gets-the-life-preserver/#comment-4003 I am the founder of one of those young healthy companies with a bright future. Companies like ours are struggling to find funding because of this huge financial mess. Not only are we not willing to help young innovative companies but this situation has all but dried up any funds from the usual sources. This means we will not only keep these old tired, poorly managed companies going at our expense, many great companies will fail at due to that decision. For entrepeuners that pays taxes this is a double wammy! Whatever happened to capitalism? We have to prove ourselves everyday or we will go out of business. When our business model stops working we are out of business. I am the founder of one of those young healthy companies with a bright future. Companies like ours are struggling to find funding because of this huge financial mess. Not only are we not willing to help young innovative companies but this situation has all but dried up any funds from the usual sources. This means we will not only keep these old tired, poorly managed companies going at our expense, many great companies will fail at due to that decision. For entrepeuners that pays taxes this is a double wammy! Whatever happened to capitalism? We have to prove ourselves everyday or we will go out of business. When our business model stops working we are out of business.

]]> by: jim http://www.thecatalystcode.com/theconversation/blog/2008/11/09/new-us-bailout-game-who-gets-the-life-preserver/#comment-4002 Thu, 13 Nov 2008 21:42:17 +0000 http://www.thecatalystcode.com/theconversation/blog/2008/11/09/new-us-bailout-game-who-gets-the-life-preserver/#comment-4002 Do you think I can get my GMAC lease reworked via the bailout plan? I am upside down and don't want the vehicle any longer. With the bailout, they should just let me turn it back in without any penalty, right? I agree with David-use the money wisely...there is no fixing GM, Ford or Chrysler as they have become companies that sell products to pay for former employee pensions. The U.S. auto industry needs to go the way of the U.S. steel industry... Do you think I can get my GMAC lease reworked via the bailout plan? I am upside down and don’t want the vehicle any longer. With the bailout, they should just let me turn it back in without any penalty, right?

I agree with David-use the money wisely…there is no fixing GM, Ford or Chrysler as they have become companies that sell products to pay for former employee pensions. The U.S. auto industry needs to go the way of the U.S. steel industry…

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