Quote:
Originally Posted by SteveZ
The question is always the same one - where does the money come from? The taxpayer borrows the money, pays interest on it (the National Debt) and then re-lends it on a gamble of repayment from a company(ies) in lousy financial shape and making more products than the market will absorb.
GM may have "donated" vehicles, but these were vehicles built-to-inventory and not-to-order. GM was able to write them off and take the tax break - something which did not recover the full cost of manufacture, but was better than nothing. GM did a lot of good in the past, and having that manufacturing capacity in the US is important for the national security as critical infrastructure.
So, we're back to the beginning. What will keep the manufacturing capacity, maintain GM (and the others) as viable and profitable companies, and keep the US Government out of the auto industry where the government knows nothing about running? Still sounds like Chapter 11 fits the bill.
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I agree 100%. Alot of people donated personal time and their own money also. Alot of people took food and drinks and waitied for the EMS workers and gave them what they needed. ALot of people gave up alot at 911. Not just GM and so on. Now they want to be bailed out, Time for them to also help themselves. The people that were in those Towers had no idea what was happening, but the Big 3 do and did. All of us are giving up alot in the time of need. I am not personally getting anything out of it except paying my taxes that will help all of the bailout companies. In Turn they need to help themselves also. I can not see giving up my money and yours so that they can fly to a meeting begging for money on a jet that cost more to operate than you or I make.
11-21-2008, 07:19 AM
