In all fairness, when the fed. govt. loaned money to bail out Crysler, Crysler had a plan to turn the company around (Lee Iacocca (sp?)) and in the end, the govt profitted off of the loans.
To my knowledge, GM has no such plan....nor does the incompetent leadership that brought them to this point have any intention of stepping down. I don't see the merit in rewarding poor management by bailing them out and letting them keep their jobs. When Toyota was pushing Hybrids (can't keep them on the lot), GM was pushing bigger and bigger SUV's. Bad decision making should not be rewarded. Any bail-out using taxpayer money should involve a change in leadership. On Nov 15, 11:20 pm, Hollywood <[EMAIL PROTECTED]> wrote: > Gaar, > > But, but, YOU told me such things are not REALLY bail-out or > "corporate welfare", but are more like "loans". Hell, even investments > which will eventually give the poor taxpayers a good return. Just like > "similar ones" in the past. Don't you remember? > GASP!! You didn't, shall we say, "lie" or spin facts to me did you? > > Oh wait, NOW I see. None of the investment bankers and financial > instituions have unionized employes, do they? Auto compamies DO. > Never mind, I understand your "reasoning" now. > > On Nov 15, 9:44 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > > No Bailout for the Auto makers. > > > They have ALREADY been given relief, prior to this Financial meltdown. > > > If they are going to fail, let them fail. > > > This way, we can get rid of these Union Jobs that are causing such a > > drag on our Auto Industry. > > > Let them file for Bankruptcy, as is the Capitalistic way.- Hide quoted text > > - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
