Quote Originally Posted by BLUELINE976 View Post
At this point there is no way to get out of losing jobs. However, would you rather lose jobs for a short amount of time or a long amount of time?
I don't think the bailouts were meant to delay the recession, but to prevent an unsustainable job loss. Sure there were some layoffs everywhere like in any recession, but had all those big companies gone down, we're talking about hundreds of thousands of jobs lost all at once. That's enough to kill off cities and industries, resulting in more jobs lost and a downwards spiral. Now what are you supposed to do with a million unemployed people and no job openings.

Also when you bail out a company, I don't see why it should return to its original, unsuccessful practises. If there's nothing to prevent this, then the system falls short on this point.

What do you mean "get away with?"
I mean that the wages there are considered both unacceptable and illegal in North America. In other words, there's nothing we can do to compete with the "cheapness" there, unless we roll back the minimum wage to industrial revolution levels. This just illustrates how jobs lost to the third world are lost for good.