Quote:
Originally Posted by monster
I'm not in favor of taxpayers bailing out private companies, but I don't have an alternative. all i do know is that if the big 3 go under, Michigan dies.
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How many times do I remind everyone of what is now monster’s myth? Throwing money like a grenade only destroys jobs. Did Perot teach you anything? Anyone with any grasp of history would know that.
monster - what saved 1979 and 1981 Chrysler and Ford? No bailout. Both companies were finally forced to submit detailed restructuring plans. President Ford also said "Ford to NYC Drop Dead!" Only then was Ford, Chrysler and NYC all saved. Get a grip.
Throwing money at GM only guarantees Michigan job losses.
GM's only problem is stifled innovation. How did Chrysler and Ford get saved in only years? Once top bean counters were replaced by car guys, then all jobs were saved by liberating stifled innovation. Only one reason for that stifled innovation. Top executives did not even have driver's licenses. Did you learn from history?
Why is GM still doing no restructuring planning? Because your post (like so many others) endorses corporate welfare and protects Rick Wagoner. Your ‘worry’ or indecision is exactly what Rick Wagoner needs to save his job and to destroy jobs.
You know the difference between Chapter 7 and Chapter 11? Wagoner needs you to be ignorant. He needs you confused - to assume Chapter 7. Therefore his job is protected.
Clinton got all three to design hybrids in the 1990s - as only an American patriot would do. If informed, then you can name those 1999 hybrids - Precept from GM, Prodigy from Ford, ESX3 from Chrysler. Where are they? Oh. Wacko extremists (George Jr et al) said a $100million government investment was Clinton and must be wasted. Of course you remember that mantra. If Clinton advocated it, then it must be wrong. Everyone remembers that.
So wackos especially did not want innovative cars. We want to burn more oil – and even have White House lawyers also rewrite science papers on global warming - to justify stifling innovation. It was by Clinton so it must be wrong. The wacko extremist mantra that protected Rick Wagoner and promoted more Michigan job losses.
So GM still has no hybrids? Fifteen years later, $100million later, 8 years after completed designed were demonstrated? You would even endorse more stifled innovation by throwing $50billion into a company only worth $1.8billion? You would advocate the destruction of Michigan jobs?
Only an ostrich does not know what "70 horsepower per liter" means. Another example of destroyed American jobs. Twenty five years later – monster advocates more cars without 70 Hp/liter engines. More government protection means no 70 Hp/liter engines. monster – tell me no 70 Hp/liter saves Michigan jobs. When do you advocate a solution; not more welfare to stifle innovation?
Give Telsa Motors that money to manufacturer what is more innovative than anything in GM. Or give patriotic companies such as Honda, VW, and Toyota that money to actually save American jobs. Oh. But GM needs that money to start selling a
400 Horsepower Camaro. Monster - why do you approve of a car with as much or more horsepower than BrainR's 80,000 pound 18 wheeler? That is what you advocate.
History repeatedly defines the only thing that saves the worker's jobs. Bankruptcy - ie 1979/1981 Chrysler and Ford.
His name is Rick Wagoner. He created massive losses in GM North America. So they made him CEO. Now all of GM has no profits. This is no exaggeration. And monster would protect him? Sorry. But your protection of those who destroy Michigan jobs is obvious - if you learned from history. Yes, 1970's deja vue. Not stated politically correct. Stated instead with the same supporting facts that also denies those Saddam WMDs - with the same sound byte - deja vue.