Jon Stewart provided his opinion on GM’s recent filing for bankruptcy on the Daily Show with Jon Stewart Tuesday night. Check out the video for his take. It’s also pretty funny, if nothing else.
While I’m not a big fan of Jon Stewart and his super-liberal-viewpoints, he did make a good point: banks that made nothing, nothing tangible, were given cash with no questions asked and few strings attached. General Motors and Chrysler make a product!
I don’t agree with him saying that GM could have filed for bankruptcy a while back for “free.” Many things GM has done until now has been in preparation for bankruptcy, which will hopefully make it a quicker trip through the courts.
And I am still dumbfounded by the ignorant comments I hear and read about why we (the taxpayers) are giving money to these companies. Well, the way I (and well-educated individuals) look at it is as so: if the US government allowed the companies, or more specifically GM, to fail, the cost would be a lot greater than that already incurred. Significantly greater! I am no economist, but the tax base of the millions of people becoming unemployed has got to be worth something. So to all of the naysayers: SHUT IT! Until you can provide a better solution, don’t speak.
Tags: bankruptcy, General Motors, GM, Government, Jon Stewart, Taxpayers, The Daily Show, The Daily Show with Jon Stewart
