Re:What if Obama gave Y Combinator 40 Billion Dollars
by zaidf on Saturday June 06, 2009 @12:45AM
(#644499)
Completely agree with you.
I think it is fair to see the 40B as simply saving the 60K or so jobs and little more. If a natural disaster took 60K lives, I do not think it will cause a prolonged national economic depression.
Likewise, I do not think adding 60K employed consumers will go a long way in fixing the current economic crisis.
Of course, saying that the 40B will "save" the jobs is in itself a big assumption. There is every chance that GM will run out of 40B and still shut down.
I think it is fair to see the 40B as simply saving the 60K or so jobs and little more. If a natural disaster took 60K lives, I do not think it will cause a prolonged national economic depression.
Likewise, I do not think adding 60K employed consumers will go a long way in fixing the current economic crisis.
Of course, saying that the 40B will "save" the jobs is in itself a big assumption. There is every chance that GM will run out of 40B and still shut down.