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Re: Corporate America stepping up!
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Originally Posted by Super Bleeder!!
Yeaaaa, because that would have been really great for the THOUSANDS of 3rd party suppliers that would have likely gone bankrupt during those bankruptcies. Those companies are huge trees and their roots go many places. Its not as simple as you'd like to think.
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His point was that is still happening. Those jobs are still going to go overseas, so it just postponed it. Now, the economy is in a bit better shape now and it can probably absorb those job losses better than it could have at the time of the bailout. Was it worth the billions we spent? We'll never know that one way or the other probably.
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