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Old 11-21-2008, 06:20 AM
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Wagner Wagner is offline
..make it happn' capn'
 
Join Date: Mar 2005
Location: Mt. Airy, MD
Posts: 17,747
Wagner is on a distinguished road
Point of view:

First off Chrysler to me, is out of any "bailout" plan. They were purchased by a private investor..now a private problem.

Ford is worth 3.3B, GM is worth 2B. Ford should be favored more for bailout funds (think Iacocca 1980s).

GM....ask yourself this do you know someone that owns a:

GM Corvette, GM Impala, GM GTO, GM Silverado?

No..but maybe a Chevrolet or Pontiac vehicle. GM made a power move over the last 70 years, buying up small companies and acting as an umbrella. Well sadly, the umbrella has fallen apart. It made sense, get smaller companies working together with common goals (more importantly common parts and labor) and move from there. But, what they didn't anticipate was the global market.

It's simple really, if you had a football team and you decided to bring on a really good player that had a small injury, but was still very good, you'd be in good shape. Now over the next weeks you bring on another 9 guys with the same small injury but serious potential. But over the season the injury gets worse, on all players, and now it is no longer minor but major. And with the major injury to the majority of your players you are now losing games. Fans stop showing up, you stop winning. What do you do next season? CUT PLAYERS. (you can substitute "UAW" for "injury")

GM is dead, needs to be buried. Any bailout talk should be like this:

- Which companies (Chevrolet, Pontiac, GMC, etc) could survive on their own possibly not being part of a group?
- Help get those individuals up and running with "bailout money" or "loan" same as Lee Iacocca did.

As far as UAW goes, they can use their own trust funds now to pay retirees instead of waiting to 2010 as they negotiated.
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