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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: nohalo who wrote (13508)	11/20/2008 9:22:26 AM
From: bearjones	2 Recommendations Respond to of 50506

No matter what road is pursued, layoffs will happen and wages/perks will be cut. We are going through a recession and a deep one. Your apparent solution does not work. Sure people will buy cars from a chapter 11 company, just like they did during Chrysler's chapter 11 days. That is a scare tactic be spread. The warranty issue can be taken care of by the government. And unemployment compensation will need to be extended. These are not deal breakers. And it wont be for free. To: bearjones who wrote (13508) 11/20/2008 8:49:13 AM From: nohalo of 13512 It also means mass layoffs, car sales going off a cliff, breakdown of consumer confidence, and prolongation and deepening of the recession. Most of us know the difference between the various BK options. Most of us will not buy cars from a BK manufacturer.

To: nohalo who wrote (13508)	11/20/2008 9:44:02 AM
From: tdl4138	7 Recommendations Read Replies (1) \| Respond to of 50506

<<< most of us will not buy cars from a BK manufacturer >>> I think it is safe to say...most of us will not buy overpriced poorly made cars....from a solvent manufacturer. Every year they have lost market share for good reason. When you have to resort to rebates and marketing product by "monthly payments", something is obviously wrong with the business model. Maybe that's the real problem here. If the big 3 had spent more time/energy designing a better vehicle and managing their business as well as the foreign competition...they wouldn't be in the predicament today. To bailout a dysfunctional industry doesn't make any sense. You're simply postponing the inevitable. What is needed is a complete change of thinking that the current managements don't accept. Maybe that explains Mercedes dumping of Chrysler as they saw the writing on the wall. Bailing out these companies won't make them globally competitive. Just my thoughts.