18 Nov 2008
John M. J.
I don't disagree with your analysis, Jerry, but is there an alternative to the proposed bailout right just now. Is it feasible, in the current economic climate, to allow so many jobs to go to the wall and so many pensioners, reliant upon the continuing existence of these dinosaurs, to be reduced to near penury. I agree with you, this is an industry which has failed to grasp today's realities but, and it's a big but, should we force restructuring now, in difficult times, or should we wait for year or two and force changes when our economies are more bouyant and more capable of providing jobs and pensions than they are at the present?
I don't know the answer to that, but I'd be interested to read your opinion.
19 Nov 2008
ciccio
The bulk of the workforce has been outsourced, it is time for American to reciprocate. The only time US industries scream "Government has to keep hands off business" is when they are gouging their customers. If the government support the big three, under the free trade rules foreign nations can penalize imports from the US. The auto industry has had 30 years to adjust to the market, if they could not do so in that time it is best to bury them entirely.
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