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12-12-2008, 08:43 AM
emayer wrote:
Yea that's what we need, more foreign companies taking their profits and sending them back to their home countries.
Forcing these companies into bankruptcy would collapse the stock market. Who would buy a car from a bankrupt company? Not me! What would happen to the warranty's on the cars that people have now? No one knows but bankruptcy could give anyone of the big three the legal right to not honer them along with just writing off the stock owned by stock holders.
It's interesting how quick we bailed out the banking industry and the amount of money they received. Don't think other countries don't subsidize their auto industries, they have been doing it for years. If the French government didn't step in to help Reanult in the 70's they would be history today. They even want as far to help their F1 team at the time!
We gave tax incentives up to a few years ago for people to buy SUV's, so what's wrong with what the original poster suggested?
Quote:I say let 'em sink. The notion that millions will be unemployed and suppliers etc. will go under is not entirely accurate. I'm sure there are plenty of foreign automakers who could easily fill the void using these existing assembly lines. Many suppliers/ ancillary companies sell to these firms already anyway.
Forcing these companies into bankruptcy could yield a leaner, consolidated firm with the potential to (finally) build a quality product....
Enough with the handouts already. I'm pissed to hear that AIG is handing out hefty "retention" bonuses this year. How about letting the taxpayer "retain" something instead? Sounds like the easiest and most equitable way of getting this economy running again.
Yea that's what we need, more foreign companies taking their profits and sending them back to their home countries.
Forcing these companies into bankruptcy would collapse the stock market. Who would buy a car from a bankrupt company? Not me! What would happen to the warranty's on the cars that people have now? No one knows but bankruptcy could give anyone of the big three the legal right to not honer them along with just writing off the stock owned by stock holders.
It's interesting how quick we bailed out the banking industry and the amount of money they received. Don't think other countries don't subsidize their auto industries, they have been doing it for years. If the French government didn't step in to help Reanult in the 70's they would be history today. They even want as far to help their F1 team at the time!
We gave tax incentives up to a few years ago for people to buy SUV's, so what's wrong with what the original poster suggested?
Past RTR member