Quote:
Originally Posted by Mr. Clean
LenA, as with all of your "sources" I must say they are all so.........unbiased.
I see now that the new "demands" are for $34 billion. A real sign that they had no plan when they first arrrived. Even with the upped ante, not one of them will commit that if they get their wishes that in 6 months they won't be back asking for more (remember Chrysler). I have a real problem handing over taxpayer dollars to a management team who drove the car into the ditch. I have not yet seen anything tangible which would give me confidence that they are capable of 1) driving out of the ditch and 2) keeping it on the road for the long term.
And as I mention Chrysler, which is a privately owned company (Cerberus Capital). Why on earth would the taxpayers be asked (again) to bail them out? Let them go out on their own and either seek another investor or financing from the private sector.
I'm in now way wanting the U.S. auto manufacturing industry to completely disappear, but I think we are all beginning to see that it can't continue in its current bloated form.
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Let them disappear then. Hope you like the idea of, at the very least, a very deep recession. I said the problems will negatively affect even the transplants, and it will. Let's see how you know-it-all keyboard jockey experts like the idea of foreign ownership of a larger percentage of our manufacturing base, with even more imports into the USA.
And to be blunt, the "unbiased" slam is so full of crap, it's not funny. Go try the Wall Street Journal - you find the same report, but JCI's CEO's comments in more detail, with no one from WSJ able to repudiate it. If you weren't completely biased, you'd find out that virtually every major dealer chain, state and national, is in favor of this loan program. That includes the dealers in your part of Texas as well. I challenge you to find a major dealer principle in Texas who is against this.