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Ccns23 wrote:
The big three employ somewhere including all the sub contractors around 3 million. I only dissolved 50%. If GM goes bankrupt and some how gets away from not paying one or more of it's subs they too could go bankrupt. That same sub could be supplying Ford causing Ford to go under.
I agree that there needs to be a clear a concise plan, after all if you and I apply to a bank for a loan they need to know what your using it for before they loan us the money. Obama has said how disappointed he was when the CEO's came to Washington. I think they got the message and you'll see a well thought out plan before too long.
Don't be sure about the foreign car makers and handouts. German and Japanese car manufactures have very good health benefits much of which is supplied by their respective governments and as I pointed out earlier Honda ending US production here and bringing it back to the homeland. Stay tuned all them are doing poorly and I wouldn't be surprised if the economy continues in the dumpers that their governments might have to do something in the not to distant future.
Quote:And one more thing. If any or all of the big 3 go into bankruptcy it doesn't necessarily mean that everyone in the company will lose their jobs. Will there be job losses? Absolutely, but not everyone will. I think they can declare bankruptcy now and come out ahead of the game within the next 2 years. I still don't see exactly what they plan on doing with the "loan" they are asking for either. No one is giving a clear, concise plan on what they will use the money for and what they plan on doing in the future. They just have their hands out.
Funny how we don't see the foreign carmakers looking for handouts in their respective country's even though some of them are in the same boat as the big 3 in regards to sales. Wonder why that is???
The big three employ somewhere including all the sub contractors around 3 million. I only dissolved 50%. If GM goes bankrupt and some how gets away from not paying one or more of it's subs they too could go bankrupt. That same sub could be supplying Ford causing Ford to go under.
I agree that there needs to be a clear a concise plan, after all if you and I apply to a bank for a loan they need to know what your using it for before they loan us the money. Obama has said how disappointed he was when the CEO's came to Washington. I think they got the message and you'll see a well thought out plan before too long.
Don't be sure about the foreign car makers and handouts. German and Japanese car manufactures have very good health benefits much of which is supplied by their respective governments and as I pointed out earlier Honda ending US production here and bringing it back to the homeland. Stay tuned all them are doing poorly and I wouldn't be surprised if the economy continues in the dumpers that their governments might have to do something in the not to distant future.
Past RTR member