bailout money? On one hand people say economy is bad and consumer is not spending at all. And that many businesses and retailers are suffering. However, companies like hyundai and walmart and many others are showing huge rise in demand, revenues and profits.
So was the GM and Chrysler bailout really necessary taking into account companies like Hyundai are prospering? Billions of taxpayer dollars poured into GM/Chrysler and they still filed bankruptcy.
The point here is that if company A is doing bad and Company B is doing well the same time, then company A shouldn't be given government help since it is doing the same business as company B.
http://www.nzherald.co.nz/motoring/news/article.cfm?c_id=9&objectid=10595207
http://www.businessweek.com/globalbiz/blog/eyeonasia/archives/2009/07/hyundai_motor_p.html
So was the GM and Chrysler bailout really necessary taking into account companies like Hyundai are prospering? Billions of taxpayer dollars poured into GM/Chrysler and they still filed bankruptcy.
The point here is that if company A is doing bad and Company B is doing well the same time, then company A shouldn't be given government help since it is doing the same business as company B.
http://www.nzherald.co.nz/motoring/news/article.cfm?c_id=9&objectid=10595207
http://www.businessweek.com/globalbiz/blog/eyeonasia/archives/2009/07/hyundai_motor_p.html