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

To: I_C_Deadpeople who wrote (13514)	11/20/2008 10:06:20 AM
From: jim_p	7 Recommendations Read Replies (3) \| Respond to of 50476

The big three auto makers are insolvent with or without a bailout. They are bleeding a lot more cash than $25 billion or even $50 would do much more than provide a temporary band aid. If you wouldn't buy a car from a company that has filed for bankruptcy to reorganize its cost structure so it can survive, why would you buy a car from a company that is borrowing more money from the taxpayers when it can't even manage the debt it already has and it is bleeding cash flow daily from operating costs that are uncompetitive??? Doesn't make any sense to me to ignore the problem and "hope" it goes away with more debt. It is time to solve problems and stop asking for more debt and more bailouts from the taxpayers from a country that is already bankrupt. If you think the big three bailout is a problem now, just wait to the US debt gets downgraded from AAA. The solutions to today’s problems are not more debt. More debt is what got us to where we are today. To solve the problem the big three needs to: 1. Lower their costs 2. Build a better car that people what to buy 3. Prey for a better economy because without it people won’t buy cars with or without a bailout. Jim