|
posted to rec.boats
|
|
external usenet poster
|
|
First recorded activity by BoatBanter: Sep 2008
Posts: 2,326
|
|
Bridge loan to nowhere..
On Sun, 07 Dec 2008 19:30:09 -0600, wrote:
On Sun, 07 Dec 2008 19:28:01 -0500, Tom Francis - SWSports wrote:
Maybe it's because I see it as more black and white than others - it's
not that I don't have empathy and sympathy for laid off workers - I do,
believe me I honestly do.
Hell, I know that, and didn't mean to insinuate anything else. We're
just looking at this differently. Right now, I believe the economic
situation it too perilous to allow GM to fail. It is difficult to defend
GM. They have had plenty of warning to make the difficult decisions, and
they didn't. As I have said, under normal circumstances, I'd let the
market deal with them.
Well, I'm glad it's not my decision. It's easy for me to say what to
do as I don't have any skin in the game. :)
From my perspective, eventually, several major car manufacturers are
going to fail anyway. There seems to be a glut of manufacturers with
very few open markets.
Every boom cycle has a bust cycle. We're in a bust cycle.
And, to tell the truth, there is still a lot right with the economy.
It is the economic engine of the world and it will survive. There is
a safety net this time and there are concerned people who will work it
all out eventually.
It's just a matter of time.
|