Quote:
Originally Posted by Dragoneye
Do you understand that if they go bankrupt they won't be around to make any mistakes??
|
That's not true, the company is too large and has too many assets to simply disappear. There are many success stories that come from bankruptcy as it allows a complete restructuring and reorganization of priorities. If after this restructuring the company still fails to make a profit, then they must sell off the parts that are not profitable and then you have your scenario. This will only happen if the restructuring and reorganizing produces cars that are sub-standard in comparison to its rivals and at that point the company deserves to go under. However you seem to be skipping the first steps and perhaps a few years or more down the road. You have to give the company time to recover and if the union deals are restructured and re-worked (since we all know the unions are not going away) so they do not hurt the company as they are, then that is the first step to a nice and long recovery...
The worst thing that could happen is for the Government to take control of GM by buying 80% of their stocks and then in a few years giving the stocks over to the Unions so they take control. This was proposed by Chris Dodd I believe and would basically be the end of all that we know and care about when it comes to performance cars and the free market..Even if gas is below $50 dollars a barrel as it is now, the Government in control would still mandate as if it was $150 a barrel and the CAFE standards would be increased as if Global Warming was increasing when in fact we are in a cooling period.. Go figure..
We both want the same thing, however you support the bailout which would keep things going only to repeat history all over again until the Government takes full control... Then there is no going back...