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[quote=classicman;515190Well at least its something. I also noticed that Ford declined to participate - good for them.
If they only built a better car I might consider buying one.[/QUOTE] Ford had been many years into undoing the disaster created by Jacques Nasser. The finally came out with some 70 Hp per liter engines. Ford is ahead of GM in making better cars - only barely. Ford addressed the management problem which is why Ford does not need government rescue.
$100s of billions were given to banks to start loaning again. What does GM need? Exactly what Chrysler needed in 1979. New management AND loans from the banks. Who will better hold GM's feet to the fire of innovation? Bankers; not government. However since the president is a mental midget, he protected GM management AND is not letting free market forces operate. Banks now flush with cash would hold GM to actual solutions. The mental midget did not.
Only government requirements that GM must conform to: executives can no longer fly in private jets. Everything else is too subjective - as well planned as "Misson Accomplished".
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