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

To: tejek who wrote (442691)	12/26/2008 7:34:26 AM
From: Taro	Read Replies (1) \| Respond to of 1577024

Ted, my buddy Bob as usual has a good comment to that article published by the dem car manufacturers lobby, which no doubt has the agenda, that eventually the federal government has to step in, save the US car industry and take full ownership to save the sad butts of the current structure including the GAW and all the dem voters they represent. Enjoy reading, good stuff for i-node here as well. Taro "I guess I don't blame governor's like this one for trying to get money from the federal gov't, BUT it is indeed all crap as far as I'm concerned. At the root of the problem is lousy management, for not just years, but DECADES. Management and unions worked together to loot the companies, while their market share and product quality went down, year after year. I thought I saw this trouble coming 25 years ago. Then they REWARDED themselves for that crappy performance. And now they want the taxpayers to save them. I say let them go to chapter 11 and get reorganized, and if that does not work, let them go to chapter 7. Government cannot manage them, it will just make a bigger mess. If forced to chapter 11, I would bet $1000 to $10 they would find a magic way to save themselves, in a smaller form, and that after some years, we would have a strong industry once again. Either that, or ALL auto companies are going down the tubes, regardless of what country they are in (simply due to the oil problem), but that I doubt very much. BUT politics is politics. This is really all about saving all those union jobs (and the votes behind them). Bush is afraid of his legacy, so he threw them a rope long enough to get the problem into BO's lap. And now the lib Demos will give them what they want. It is just exactly like Chamberlin in Munchen, 1936. Only when they come back for even more hundreds of billions later (say 2010) will BO be forced to go to war. But he is no Churchill, I feel certain."