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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (90389)11/18/2008 11:26:13 AM
From: koan3 Recommendations  Read Replies (3) of 116555
 
mish: >>

Stop The Auto Bailout Campaign
globaleconomicanalysis.blogspot.com
Enough is enough. Congress is about to waste more money attempting to prop up ailing dinosaurs GM and Ford. We need to do something about this and we will. Please read this and act. First let's go over the background information. ...<<

koan: not sure exaclty what you are proposing, but we cannot let the auto companies fail, too many workes will be hurt and we risk a monster depression; nor can we let the present ceo's and dirctors stay. They are group think fools.

I support what I think is Obama's plan i.e. let the government take them over and restructure them so they make cars people want and move us in a more green direction.

We cannot let the auto companeis fail for three reasons:

1) it could be the straw that spirals us down into a full blown monster depression.

2) millions of working class stiffs would lose their jobs and that would exacerbate our present depression and mkae lives that much worse fo the peoepl already struggling.

3) It would endanger our national security both militarily and economically.

PS the UAW would have to modify their contracts well.

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