On Thu, 13 Nov 2008 08:42:23 -0500, "Eisboch"
wrote:


wrote in message
et...


Tough call. I don't like these bailouts, but can we afford not to? In
this country, 1 in 10 jobs are connected to the auto industry. If the
auto companies fail, we're talking depression, not recession. All of
this, could get real scary, real quick.

This may sound harsh, but I am just about convinced that we are beyond any
form of healthy avenues for recovery.
The reasons are varied and there's plenty of blame to pass around, including
the consumer. At this point though, it just doesn't matter. Assigning
blame doesn't fix the problems.

I think we may just have to bite the bullet, allow Banks, Investment firms,
GM, GMAC, Ford, Ford Motor Credit and Chrysler (whoever they are now-a-days)
to file Chapter 11 bankrupcy, reorganize and start again. That will
unfortunatly cause bankrupcies in many supporting industrys but they are
currently structured to support what exists now, not as it should be.

Everyone is jumping on the bailout bandwagon. American Express just filed
to become a bank, thereby qualifying for some of the bailout money to cover
bad accounts. That's too much. Enough.

Like a hurricane every 100 years or so, it is going to require cleaning out
the deadwood before the forests can grow again.

Damn straight.