Obama is not Robinhood. He, shouldnt be allowed to take from me and other tax payers to give or even loan to a mis-managed company such as YRC. YRC is well on there way out already. I personally dont believe that they can be saved.
How fair is it to a company who does things the right way and makes money, for the government to just give money to thier competition.
The big misconception is that there will be 30,000 jobs lost. There is a certain amount of freight out there to be hauled at a given time. It is going to be hauled by a truck line. If YRC closes the door today, that freight will still move tommorow, just on a different color truck. Other trucking companies would need to hire guys to cover the extra freight.
Being that we at YRC are tax payer's and the money we paid in taxes went to help AIG so they can continue to throw partys and pay bonuses to there executive and give money to the auto makers so they can continue to produce junk then why shouldn't my tax money be used to help YRC its not like they will be throwing parties and producing junk like the rest --- or maybe we should just continue to throw money away to foreign countries