I understandDecember 2 2008 at 9:04 PM
No score for this post
|Iceman (no login)|
Response to Re: Yes but:
But just handing out money isn't working. Thus far 1.8 trillion dollars is up for grabs right now. A lot of that will be gone forever. The U.S. debt has reched over 10 trillion dollars. Recent U.N. econimic reports show that the U.S.debt is about to breach the ability to repay. Borrowing money from other nations will no longer be an option. At present each U.S.citizen owes roughly $400.000 of debt.
I concur with your thoughts concerning medical and retirements. These jobs ARE important, but these companies have been screwing Americans long enough and certainly the present management even while whinning will continue to screw Americans.
Iocca is a special person. His entire lifes history shows him to be an exception. What ever position he ever held was performed with vast vigor and honesty. Also at that time the Chyrsler loans were based upon huge military contracts the government had with Crysler and they simply could not afford Crysler go down the drain. Those no longer exist.
I might also add the majority of Crysler products are made in Mexico. So I simply ask how does that affect the U.S. other than money in dividends to investors.
It's also noteworthy the sad misadventures the labor unions have played in this scenrio. Outsourcing components to the loss of many jobs and the quality of componants. Also as GM and Ford have huge assembly plants in Canada I might ask why Canada doesn't offer a loan plan to to them. Why should the total load be on the U.S. taxpayers backs