I knew this would bring the Obamatons out of the woodwork, and gosh, so formal too.
Guess I’ve been called a lot worse though.
YES! ABSOLUTELY! This route was a huge mistake.
Without a doubt making GM (and Chrysler) stand on its own two feet would’ve been the better option. They would’ve never gone out of business completely, but rather they would’ve been forced to fix their problems in order to continue and succeed.
Anybody that’s ever had a successful business that begins to fail for whatever reason will tell you that either you make the necessary adjustments to remain competitive or you die on the vine. I firmly believe that if they were left twisting in the wind from their past transgressions, like you or I would be when we screw up in business, they would’ve either come out the other side lean, mean and the better for it, or they would’ve failed and gone into the history books as such, a failure.
I don’t believe for a minute they would’ve let the latter happen.
The Bush Administration made a mistake for starting it and then of course because the current White House resident had the support of most of the major unions going into the November elections he had no choice but to ante-up based on his promises.
The Unions are the primary contributor to the American Auto Industry’s decline and now BO is compounding the problem by taking over.
This is like one drunk helping another drunk get across a busy street. Not a real good recipe for success.
Anyone that believes the government can run a business better than the private sector is an idiot.
This is bad business and we’ll all suffer for it.
Guess I’ve been called a lot worse though.
Originally posted by JackTripper
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Without a doubt making GM (and Chrysler) stand on its own two feet would’ve been the better option. They would’ve never gone out of business completely, but rather they would’ve been forced to fix their problems in order to continue and succeed.
Anybody that’s ever had a successful business that begins to fail for whatever reason will tell you that either you make the necessary adjustments to remain competitive or you die on the vine. I firmly believe that if they were left twisting in the wind from their past transgressions, like you or I would be when we screw up in business, they would’ve either come out the other side lean, mean and the better for it, or they would’ve failed and gone into the history books as such, a failure.
I don’t believe for a minute they would’ve let the latter happen.
The Bush Administration made a mistake for starting it and then of course because the current White House resident had the support of most of the major unions going into the November elections he had no choice but to ante-up based on his promises.
The Unions are the primary contributor to the American Auto Industry’s decline and now BO is compounding the problem by taking over.
This is like one drunk helping another drunk get across a busy street. Not a real good recipe for success.
Anyone that believes the government can run a business better than the private sector is an idiot.
This is bad business and we’ll all suffer for it.



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