Well, a few weeks ago it still was. Until our government decided it wants the taxpayers to play Santa for all these big corporations. Look at this, the "Big 3" automakers were looking for a 6 Billion dollar loan but since they see their rich uncle opening the wallet so much, they are now asking for 25 Billion... and getting it. And now they want another 25 Billion next year too. It went from asking for 6 Billion to at least 50 Billion.. almost 10x what they originally wanted.
And 1 of those companies is not even a public. Chrysler is a private company, yet is going to get upwards of 10 Billion of taxpayer money!
Oh, and of course, unlike the 1.5 Billion dollar bailout the government gave Chrysler in 1980, then a public company, these new bailouts come with basically no conditions other than to start paying back in 5 years if we are lucky.
America has somehow become the land of billionaires in the past couple months.
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