Quote:
Originally Posted by rlg3
I'm going to give you a little straight talk. GM has not done what it has needed to do over the past 20 plus years to remain competitive in the "free market". It has asked and gotten government support over the years and it is asking for it again.
It has to be willingly to turn over some control to the government in its future direction. If you get 50 billion from the taxpayers the taxpayers get some say in that companies future direction thru its elected officials. GM and others cannot be trusted that this time the will get it right. I don't mean this as any disrespect to any of the fine GM employees who are on this site or not on this site. It's just a fact the Big Three have not been able to make money on a regular basis.
When the government invest 50 billion they become the new "stockholders" and should have a major say in the direction of the company including its leadership at the top.
We must all realize that the production of the 2010 Camaro is in jeopardy. Despite what anybody tells us just look at the facts on the ground. GM out of cash early next year, maybe even sooner. The car market is down not just for GM but across the board. The people at GM we rely on for information have watched many of the co-workers lose their jobs, and they wonder if their job is next. It is clear nothing is for certain at GM. I'm not saying that the Camaro won't get built (I have one on order), but I am saying that it could be in jeopardy, and anybody who tells you 100% that it will roll off the line in Feb/Mar, is doing some wishful thinking.
Until the GM or the government solves GM's cash crisis everything is up in the air.
See link for what Obama wants to do, I think its a good idea and that we should all get behind it
http://news.yahoo.com/s/bloomberg/20...g/ablcucxr33jw |
The government is the problem with the domestic companies. Companies in this country survive
despite the government, not by allowing the government to run them. Look at the competitive advantage the Japanese have over our own companies, America is killing itself with absurd worker protections. Pretty soon there will be no industry left, and that will be accelerated if the government tells GM what kind of car to make. They already tried that in the USSR and it did'nt work out too well.