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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (171018)12/12/2008 8:37:03 PM
From: orkriousRead Replies (1) | Respond to of 306849
 
there's always an excuse about why now isn't a good time to let them go BK.

I don't see our economy ever strongly recovering unless we stop the gov't interference. it is going to be like Japan from 1980-present except worse, because we are now the world's greatest debtor nation and have no manufacturing.

I'm not saying shut them down although they are essentially already shut down since no one can buy cars.

put them in BK, get rid of 1/2 the dealers. either move the plants to non right-to-work states or change the laws here. eliminate the adversarial relationships TH talks about. downsize to a 10 mil/yr US sales level, etc.

we are going to have a depression whether the automakers go through BK or not. IMHO you may as well get things set up so businesses are productive going forward.



To: energyplay who wrote (171018)12/12/2008 9:16:49 PM
From: bentwayRead Replies (2) | Respond to of 306849
 
I actually think we could easily get by with no new cars for several years. After all, we did it in WWII, and cars were much less reliable then. Leasing a new car every year is stupid and wasteful.



To: energyplay who wrote (171018)12/13/2008 1:37:21 PM
From: John ChenRead Replies (1) | Respond to of 306849
 
"If the automakers go BK now"...

Shouldn't there a 'class action BK' from those people being
layoff, daily, in general, not just 'this industry',
'that industry.

How about 'losing job bailout', 'layout bailout'... ?