If the financial institutions had failed, that was our money - your & my retirement funds, savings, insurance plans, etc. - that would have gone away.
That would be a bad thing. Really, really bad.
Industry is a little more the USA dream - sink or fail on it's own business plan. We are badly affected if we work for tat industry, but it does not hammer every single one of us, and it is not like no cars will ever be made again - management & labor both need some re-adjustment if the current plan does not work. The pain will be pretty bad, but it is business - house building, car building, selling electronic toys at CC or Best Buy or Target.....
Those industrial or commercial things will need to readjust to current conditions. Painful, yes. But structures are in place for that to happen, and the business will continue one way or another. Some cars will still sell, some will still be built - names might change, production needs to drop either way, etc. But it will continue on without a bailout....
The financial stuff a bit earlier - that was kinda bad, they were leveraged out at 40 to 1, so when they lost 25% or more of their pretend value, we all were going to go down in flames. The world would have simpley absorbed the value, & it would all be gone forever. Our money system woulda maybe been gone, and that would be the end.
It is different.
I don't like the money bailout at all but perhaps it was needed, and bailing out any of the industries should be done very very lightly, if at all. I lean towards not at all, tho I do see a lot of hurt & pain to people & some areas of the country & I don't wish to see that.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
... [Read Article]
Latest Ad:
Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
