Detroit-Three Bailout?

re: Detroit-Three Bailout?

Mike Hignite — Sun, 29 Mar 2009 04:45:43 GMT

Just a postponement of the inevitable. The big three model is not sustainable in a global marketplace. Just look at the financials of these companies. There is no way they can make it. All we are doing is taking money from productive people and companies and giving it to dying unproductive ones.

This has nothing to do with Left or Right, per se. This flushing has been happeining since the 60's. This is just the end of the line.

re: Detroit-Three Bailout?

jmangan — Wed, 21 Jan 2009 15:59:12 GMT

It is neither a postponement of bankruptcy or a nationalization, it is a government loan to get the auto industry through an economic crisis created by 8 years of incompetent government driven by an ideology rather than common sense.

Clinton had to bail us out of Reagan's ideologically driven debt, now it is left for Obama to bail us out of W's ideological disaster.

Good thing the "left" is there to clean up after the right.

re: Detroit-Three Bailout?

crazycajun — Wed, 14 Jan 2009 17:03:15 GMT

wait till the left gets in power, they'll either let it slide completely, or just nationalize it "FOR OUR OWN GOOD"

i'm betting on nationalization.

so much for the auto industry in america.