the plan is always to retrofit, every time they ask for a bailout, and to my understanding they always fail to do so. How many second chances should they get? I say take the short-term pain and deal with the actual problem -- those companies do not know how to build something people want to buy.
On Fri, Nov 7, 2008 at 2:41 PM, Judah McAuley <[EMAIL PROTECTED]> wrote: > Bush isn't going to bail them out? Bush has already given them $25 > billion. They are asking for $25 billion more. And it is actually a > loan, not asset purchase as in the case of the finance industry. > > Now should they get $25 billion more? I'm not sure. I think that would > depend on a plan to turn things around. If the money went to > retrofitting plants to produce more fuel efficient vehicles and > pumping money into projects that might give them a leg up on foreign > competition while saving jobs here and contributing to national goals > of energy independence and greenhouse gas emission reductions...sure. > > I don't know what the "plan" is though, so I can't say. > > On Fri, Nov 7, 2008 at 12:46 PM, Robert Munn <[EMAIL PROTECTED]> wrote: >> GM, Ford, and Chrysler are all on life support right now. Should we save >> them or let them go through bankruptcy? >> >> The way I see it, these companies need to go through BK so they can get a >> fresh start without the albatross of the bad financial decisions of the past >> hanging around their necks. Bush isn't going to bail them out, but Obama and >> the Democratic Congress just might. >> >> Will a bailout help, or will it merely delay the inevitable death of >> companies that are burdened with obligations they can no longer afford? >> >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:279418 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
