YEA and one that any business owner could see a downturn coming too. Sure they employ lots of people but they've never been shy about layoffs before and they kept building building building. Look at any car lot right now will show proof of that. I'd be willing to bet the staging yards are stocked full still...
My point was this writing was on the wall not just last week. It's been there for a long time. Cut the fat raise some cash and move forward like any other business would. Don't rely on sticking your hand out for a gimme...Why should MY or YOUR tax dollars be used and then ultimately RAISED to put into some fat-cat exec who has a 35 million dollar house and makes 7.5 million a year. I DON'T think it's right.
Look at the link TDF posted. They havent done squat they're still pissing it away...what will they do next spring stick their hands out again? Yea they probably will because to them it's free money.
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Originally Posted by Joe
This is an unprecedented crisis - its not a good idea to take no action. Its not a good idea to throw good money after bad either.
Where should it end? What should we do?
I think we should evaluate on a case by case basis, whether or not steps can be taken to save major industries that employ vast numbers of people and if taking those steps is a worthwhile measure.
Saying that a failing business in the midst of a once in seventy years crisis is a poorly managed business is an oversimplification.
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Another classic example. People's extra money isn't there to piss it away on gambling. Should we start bailing out casino's now? These people make/have made hundreds of millions A DAY in profit. Another case same as above.
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Originally Posted by EarnedStripes44
Apparently the Las Vegas Sands Corp., is in big trouble too. Stock price has been dropping like a rock from 122 to 7 bucks a share over the past year. Not gonna be a good year for Vegas.
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