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Canuck57[_6_] Canuck57[_6_] is offline
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First recorded activity by BoatBanter: Dec 2008
Posts: 276
Default Bridge loan to nowhere..


"Don White" wrote in message
...

"Canuck57" wrote in message
...

"Tom Francis - SWSports" wrote in
message ...
On Sat, 6 Dec 2008 23:59:58 -0500, "Eisboch"
wrote:

The auto industry's contracts and historical ways of doing business need
a
complete overhauling in order to be a viable, competitive entity in
today's
global markets. Chapter 11 reorganization, prepackaged with a
government
bridge loan to keep the beast breathing during the process, makes sense
to
me.

While I understand the idea, I don't want money going to GM. Ford
doesn't want the money, just a backup which is one hell of a lot less
expensive.

Let GM sink. If they can't get through Chapter 11, tough. Let them
go Chapter 7 and disappear.

Ford, Toyota, Honda and others will take up the slack.

Survival of the fittest.


Agreed. To give you an idea how nasty the GM-UAW-CAW thing is follow
this.

Canada is having a crisis right now with interferance of its democracy.
GM has asked Canada for $6.8 billion. The economic impact to Canada
would be equivelent of about $70 billion US to the US taxpayer.

It is believed GM-CAW calls up a socialist party and askes to get this
money at any cost ASAP. The NDP makes a bribe to a separatist party
known as the Bloc for their unmitigated support to over throw the current
government. They agree.

They then approach a minority opposition party called the Liberals that
has a leader even Liberals don't like. He is in heat to become the Prime
Minister of Canada with a junta coalition. Fortunately our PM and
Govenor General narrowly avoid this coup d'etat. But they are about to
try again after replacing the Liberal leader as 68% of the Canadians
oppose the junta. That kind of majority hasn't been seen in over 100
years!

There are many that would not accept a GM product for free, unless it was
to burn it. Separation polls indicate if this hhappens, 64% of Albertans
favor leaving confederation, which will inevitablly result in Canada as
you know it breaking up.

GM is screwing with your neighboors democracy, along the worlds most
longest unprotected border to the north of you. I know the US is in
crisis, but you don't want a natural resource source like Canada doing
some leftist socialist Venzuela type nationalisation, you might want to
consider the impact of this and slap GM hard into unitigated chapter 11
before they do more damage than you know.

Fire the board and management while you are at it. There is no otehrs
more deserving of being fired with cause than that lot.


You've been reading too many of Carolina Larrys' posts.
People here just don't like Harper. In the recent election that he called
early, he only won the support of just over a third of the Canadian
voters..... that means that almost 2/3rds voted for someone...anyone else.


Recent polls show 68% for Harper. Get over it.