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Old 20 Dec 2008, 03:27 pm
Gosi
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Default Re: More on the bailout

On 20 Dec, 19:45, "Rock Hardson" <RH...@yahooo.com> wrote:
> "Gosi" <gos...@gmail.com> wrote in message
>
> news:329fe1ed-1143-48de-8240-d47460d7c64f@v5g2000prm.googlegroups.com...
> On 20 Dec, 17:56, Jim Higgins <gordian...@hotmail.com> wrote:
>
>
>
> > 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
> > Failhttp://www.time.com/time/business/article/0,8599,1867847,00.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 the outdated and lethal mindset that has done them in.

>
> A slow death is what is being processed.
> An ordered C7 is under way.
> GM is so bloody big that it needs to be closed down in parts.
> The cost of closing is being sent to the taxpayers.
> The question of interest is if any more cars people do not want need
> to be built.
> There is a huge surplus out there already.
> It will be interesting what comes after the collaps.
>
> Could it be that all your wishes will finally come true? Millions of
> Americans jobless or making just $14 and hour, more foreclosures, more
> applying for welfare being paid by your taxes, the corner hot dog stands and
> other stores that supported factory workers and suppliers will be out of a
> job, and *from Pa. to Ohio to Michigan will be in a state of economic
> disaster that could easily trickle across that country. You would really
> love to see that. What do you care as long as the Japanese are fat and
> happy.


It is not my fault that GM has been stupid for decades and in a slow
death spiral.
I am merely an observer and I have known for years what mistakes
management of GM is making.
By the same token it surely is not my doing nor wish coming true now
that GM is dead.
GM has been making crappy products for ages and have been able to turn
the tide for years but now it is too late.
If anyone believes it has anything to do with my they give me more
credit than it is due to me.
I could have saved GM many times over a long time ago.
I still could given the means but I do not see anyone asking me to do
so.
I could not care less actually I just find it amusing to watch this
happening as predicted.
The stupid management of GM met the most stupid president in history
and got him to give out taxpayers money.
How stupid does that make the general public I am sure you have worked
out by now and that is why you are so angry.

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