wrote in message
...
On Fri, 21 Nov 2008 20:34:53 -0600, Vic Smith
wrote:

On Fri, 21 Nov 2008 18:20:16 -0800, "Capt. JG"
wrote:


wrote:
On Fri, 21 Nov 2008 12:15:50 -0800, "Capt. JG"

wrote:


I tend to agree, but I think it's possible to bail them out with the
proper
controls. Management should be fired with no bonuses, the companies
should
put on a clear path to produce better, fuel-efficient cars. All
contracts
should be renegotiated. I don't think this is the right moment to push
lots
of people onto the unemployment lines and wholesale remove health
coverage
and eliminate people's pensions.

The new startups are going to need those people, and they already knew
enough to start on building those cars you think are a good idea. Once
they have some backing to get going, they'll be hiring. They may even
need some of those idle factories, and even additional workers in
other fields to update them for better production methods. People have
been telling the Big Three for years that they needed to change
direction. They didn't. They can't. Too late - and now is not the
climate in which there is any chance of turning them around. It's over
and time to look ahead. You can't make a living manufacturing buggy
whips any longer, either. The big Three have outlived their viability.
There is nothing left to bail out, really. All you could do at this
point is give them obscene amounts of money to help them limp along
until that runs out, and then they fail anyway.

Bail out the auto industry itself, and forget the big three. Stick
them with a fork. They've been done for a very long time.

Don't overlook that this whole mess is actually going to make it much
easier to get universal health care passed. It will be on the fast
track now out of neccessity. Otherwise the Hospitals and Insurance
industry will be the next in line for a bailout.

Nice analysis. Actually, the "limping along" would only last 1Q,
according
to the GM guy.


Typical analysis by a Jap car owner who has his head up his ass.
GM outsold Toyota worldwide last year.

Sounds like they are doing great, then. I guess all this talk about a
bailout is foolishness.If they are doing better than Toyota worldwide,
then maybe we should be giving the money to poor Toyota!



I'm waiting for the plug-in Prius.

--
"j" ganz @@
www.sailnow.com