Quote Originally Posted by sniper7 View Post
Biden talking how great Obama did by saving a million jobs by bailing out the auto industry while Romeny would have let them fail.

The thing is...the auto industry would not have failed. Someone would have filled in, new cars would still be made, downsizing would be done and they would come back once people started buying again.
Exactly right, and if Bush had let those banks fail in 07-08 and not started the hugely wasteful TARP program then solvent banks would have purchased the assets and we'd be past the mess that we are still in now.

Businesses need a natural selection cycle just like plants and animals, the government interferes in the natural business cycle and it hurts everyone in the long run.