Quote:
Originally Posted by headpunter
i knew i liked him and this is what i want to see happen. Giving a bail out doesnt help anything. Allowing them to cut costs and making sure the public knows that their warranties are still active and viable is the Best option.
Im to the point were Wagoner could go, the only person from the Top executives i would like to make sure stays would be Lutz, other then that i have no real attachments.
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Romney was my first choice as well and I believe he had a better chance on the ticket overall, but alas we have to wait four more years and he may not run again..
headpunter, I agree with you 100% and I can see only positive things from a bankruptcy at this point in time since the 27 billion bailout would have gone straight to Legacy costs anyway if all those Union contracts stayed the same.
I agree with Mitt Romney that there is no amount of money that could ever completely fix the problem, it could only prolong it. I have the utmost respect for the admins of this site and for Scott (Fbodfather) however I disagree with their views and doom and gloom attitude towards anything but a bailout. I respect Rick Wagoner and how he has expanded GM into other markets however I do believe he needs to be replaced with someone else who will give the company a new direction. One that would focus more on America. A bankruptcy will ensure that worker salary/pay here in America remains competitive with auto manufacturing plants abroad. This means we see more auto plants being built here in America providing even more jobs instead of going abroad as they are..Correct me if I'm wrong but the Camaro is being built in Canada and not the USA for crying out loud because they agreed to work an extra hour instead of taking a lunch break or something silly to that regard.. So its OK for Canadians to work extra and not Americans? That's thousands of jobs lost here in America and I'm sure there are many workers that would have loved to take that job in America if it was offered.. A bankruptcy will ensure that those jobs come back to America or stay in America down the road...