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Buck up Folks!
I have been very quiet about this entire matter since it all started rolling during the past couple of weeks.
But, I gotta tell you. With everyone running around saying the sky is falling, it has finally gotten to me.
Listen folks, if you think that the collapse of the North American Auto Industry is something which needs to happen. You are dead wrong. There are way too many people who's livelihood depends on this business. The effects would take a horrible toll on the rest of us. (Legacy Costs and Pension Funds)
Like Scott said, they aren't asking for a bailout. They are asking for low interest loans. Much of this is dervived from the Federal Mandates for Fuiel economy, Safety, etc; which our Elected Officials have foisted upon the Manufacturers. Cars like the Volt, don't just fall off the tree. It involves some very costly engineering and development to bring these cars to market.
It really gets under my skin, when we expect the Governement to save us from ourselves. Much of what ails the economy is due to Government Actions and/or inactions depending on which crisis you are talking about.
It is a fine line which we all walk here. I work for one of GM's major transportation suppliers. The effect of losing their traffic will be very great to my company. It will result in loss of jobs and huge loss of productivity.
I am sorry, but we need GM, Ford and (Yes) Chrysler. Their employees and their products are a very major part of the backbone of our economy.
Am I upset. Damn right I am.
Regardless of your political stripe. We (All of Us) need to do what we can to ensure the future of this company (GM) and the fine employees who work for it! (Dare I say it, the same goes for Ford and Chrysler!)
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Member Illinois Camaro Club
His Name is Rosie - "Speak Softly and Carry a Big Stick!" - If you know who said that, then you know the genesis of his name.

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