On Sat, 15 Nov 2008 03:58:49 -0500, Eisboch wrote:


Although it would be disastrous for the employees and suppliers for GM
to fold, I also can't see why the taxpayers should spend good money
after bad. The only way I personally could support a general bailout
would be if it were tied to a very specific and aggressive business plan
laid out by GM that would cut costs, simplify operations and overhead
and otherwise provide believable proof that the bailout money would not
simply extend their existence for a while longer while business goes on
as usual. GM had the opportunity to address their problems and have
done very little to save themselves. Their problems did not originate
with September's market meltdown.

The company has been very poorly managed. Under normal circumstances, I
would say let them go, but these aren't normal circumstances. With the
overall precarious economy, can we afford to let GM go down now? I don't
know, but just throwing money at them won't bail them out.