Talk of The Villages Florida - View Single Post - TO all those Obama supporters
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Old 11-22-2008, 02:47 PM
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Originally Posted by Villages Kahuna View Post
...it's that the Obama administration continues to operate as it did for two years during the campaign and now, apparently, getting good players in place to hit the ground running after the inaguration. It has been and it appears to be a well-oiled machine and I think that's good for the country. We have a whole lot of problems that need to be addressed with the utmost efficiency.

From all that I've read, they have their priorities in place and realize what they can and cannot accomplish early in the administration. The one thing that is overhanging all these plans would be a GM bankruptcy. That would almost certainly result in the shutdown of the other two comnaies as well and could easily tip the U.S. economy in to a much deeper and protracted recession which would be difficult for any administration to minimize.
Bankruptcy, a la Chapter 11, will not shut down any of the Big-3, any more than Chapter 11 shut down any of the major airlines, or any of their key suppliers.

Greed is the only thing that will kill any of these companies, and Chapter 11 will just impose some corporate humility into their business operations.

The economy will survive as long as greed is replaced with common sense and ethical practices. Chapter 11 gives a company the opportunity to find the "straight and narrow path" again while reckless subsidy simply allows it to continue its "wicked ways."