Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (437230)	11/29/2008 2:53:27 PM
From: SilentZ	Read Replies (2) \| Respond to of 1573984

>You asked who would buy a car from an American automobile company in bankruptcy. Ted's argument, and maybe yours is that they are currently not building anything Americans will buy, so what's the difference between not buying American cars now and not buying American cars during a bankruptcy? It's not my argument. Japanese and German cars appear to be, on the whole, somewhat better and those companies have been a bit more sensitive to the evolving markets. Yet I rent American cars all the time and they're fine, for the most part. And there are millions out there and people certainly buy them. Especially in the Detroit area where they seem to be 90%+ of the cars on the road. And they make great fleet cars. But when you buy a car, you need to worry about being able to get service and parts for it for years to come. It's hard to imagine putting that kind of trust into a company in bankruptcy. >I believe you, ted, and others would never buy another American made automobile, irregardless of the circumstances, other than govt mandates requiring you to buy one. I can see where govt intervention could lead us to that point. You sure? More than half of the cars I've owned have been American. I'm not sure if or when I'll ever buy another car, though. >On another note, the govt has let many other industries fail, why is the line being drawn at cars and the failed national education system? The education system is fine in places where it's adequately funded per student. But that's taking us off the topic. The line's being drawn at cars because the industry affects millions of jobs, jobs that have been a huge part of the basis of our economy for a century or more. Compare where we were as an economic power from the time the car was invented until now. It isn't a coincidence. Cars and trucks are the basis of our economy. Shutting down the industry would be beyond catastrophic for the economy. I wouldn't be opposed to, in fact, I'd support moves to wean us off of cars. But there would have to be a real plan for what to do with all of those people and how to keep our economy moving. >"union contributions to politicians" As opposed to corporate contributions to politicians? -Z