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Originally Posted by Jesubi11
Ya because that's real constitutional. How about we let them fail, retool, and comeback with some products people actually want. Any "void" in the market will be filled. I'm sick of this b.s. about "if the auto industry fails America will fall".
Don't get me wrong I love the oil idustry as much as you all do, but things like this would only in the long run give them more power and girth.
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Huh?
Exxon Mobil posted the highest profits of any company ever, all because they were capitalizing on a political situation created by their buddy the President.
Normally, actions like that are call "war profiteering" and there's plenty of precedence that it's perfectly constitutional to punish individuals and companies for it. The only reason Exxon got away with it is because they're literally friends with the folks running the country.
So, if we're going to throw billions of dollars at the auto industry (which is a terrible idea) at least take it from the oil companies that rely on the auto industry rather than the American people. 'Course, if you try that, the oil companies would never agree because they're not idiots like the American people who seem fine with blowing billions of taxpayer money to prolong this mess. So the only way to get the money from Exxon, etc is to go after it with a windfall tax.