Thread: Solution for GM
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Canuck57[_5_] Canuck57[_5_] is offline
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First recorded activity by BoatBanter: Nov 2008
Posts: 67
Default Solution for GM


"Boater" wrote in message
...

Maybe it has something to do with the 3 million manufacturing and
ancillary jobs that will be lost if the Big Three fail, and of course the
almost total collapse of U.S. manufacturing capability.


So let one fail and the other three will get more sales. GM going down will
actually help Ford and Chysler!!!

There's no guarantee that if the Big Three go under or declare bankruptcy
anyone will move in to fill the vacuum.


Vacuums will be filled if they can make money. Ford, Chrysler, Toyota,
Honda, Nissan and other north american manufacturing facilities can pick up
the slack.

GM isn't the monolyth it was in 1946 when it's stock was worth more.

I know massive unemployment and the resulting tragedies mean nothing to
you Big Time Republicans, but those of us who actually care about families
and family values think otherwise. And so does the incoming president.


What about the other 1,000,000+++ layed off already? Can't afford to bail
everyone out, maybe consider what is fair to all. Don't bail anyone out.
People learn when they eat the heat.

Besides, we are blowing $10-$12 billion a month on a masturbatory fantasy
in Iraq, and we'll get nothing for it, ever.


And think, that isn't enough to make the Big 3 profitable.

This problem of blood sucking main street taxes via the government bailouts
is far bigger screw up.

In fact, it is governments very actions making it worse!!! Add 15% to the
national debt in 15 days for banks...that is 15% more in taxes needed at 0%
interest rate. More taxes, less capital in circulation. Less circulation
means less jobs which means even less spending. This is a death spiral!!

In the G20 summit the socialists will down play their number one
recommendation. Quit government bailouts, cease out of control spending,
and lower taxes so the middle class can pay their bills!!!

What a novel concept in a day where credit bounces because of repayment
fears. Did a Liberal wake up and smell the coffee?