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Eisboch[_4_] Eisboch[_4_] is offline
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First recorded activity by BoatBanter: Dec 2008
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Default Auto industry and government


"wf3h" wrote in message
...
On Mar 30, 10:21 am, HK wrote:
wf3h wrote:
On Mar 29, 10:47 pm, "RG" wrote:


Obama has fired Rick Wagoner. Holy crap. Scary indeed. I'm expecting
the
captains of industry of this country to head to the mountains of
Colorado
any day now. Who is John Galt?
\


galt's a fairy tale figure invented by ayn rand...a spinner of tales.


"The captains of industry..." Another fairy tale.


i always like 'masters of the universe'....they get to tell us why
they keep the profits and we have to bail 'em out when they get in
trouble

-----------------------------------------

We didn't *have* to bail anyone out. They were bailed out because of much
ballyhooed concern for the loss of jobs, health insurance and pension plans.
If you recall, the justification was "it will be worse if we don't bail them
out" and "nobody will buy a car from a company in Chapter 11".

Well, in the end, it's going to come down to Chapter 11 or the equivalent of
it anyway. Obama's requirements for additional deep cuts in the generation
of an updated plan over the next 60 days is forcing further concessions and
reductions in benefits and the federal government is now planning to get
into the auto warranty business in a sad attempt to shore up consumer
confidence.

Do you own and drive an auto?

Eisboch