"Jim Higgins" <gordian238@hotmail.com> wrote in message
news:dfe1e677-c598-4e8a-aeb7-e96a48623c42@w1g2000prk.googlegroups.com...
On Dec 20, 8:25 am, "Rock Hardson" <RH...@yahooo.com> wrote:
> http://www.washingtonpost.com/wp-dyn...08/12/19/AR200...
>
> I suspect once the US auto industry gets on a level field the foriegn
> companies may be in for an ass kicking.

The Detroit mindset of looking no further than about the next quarter
or two will not be changed by the bailout. The Japanese have accepted
near term losses for long term gain, an idea that is anathema to the
Detroit 3 (*not* the Big Three anymore). Detroit is not too big to
fail:

Why Detroit Is Not Too Big to Fail
http://www.time.com/time/business/ar...867847,00.html

The Remains of Detroit (slideshow)
http://www.time.com/time/photogaller...810098,00.html

Detroit's "best" hope is a forced bankruptcy reorganization to change
the outdated and lethal mindset that has done them in.

Another big mouth who prays for the demise of American big industry. Tell
your grand kids about it when the US becomes another 3rd world that can't
sustain itself by just pushing paper around.