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Politics : Mainstream Politics and Economics

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To: Brian Sullivan who wrote (33327)	11/5/2012 10:05:01 PM
From: koan	Read Replies (1) of 85487

<<IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.>> Certainly what he meant! They put the headline out that said what he meant. What is the matter with you? Can't you see that? How in the hell do you interpret it except let Detroit go bankrupt? Also, did that happen? <<Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.>>

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