Comment Re:Assuming (Score 1) 425
I've heard it, but I disagree with your outcome.
For starters, as the other poster made mention of, the bank bailouts add a whole lot more to this.
But let's just stick with my example for the time being.
50k will buy you a LOT of options:
Job re-training via an education
Re-location to a place with a better job market (I think this was mentioned elsewhere)
Paying off debts, allowing you to live on a reduced income.
I'm sure there are more options.
I object to the US gov't propping up failing businesses, esp ones with shoddy products. If they can't compete, off they go. Someone will come in and fill the vacuum.