General Motors is posting losses in the billions for the fourth quarter of 2008 and doubt if they will be able to continue without more loans from the USA and Canada. Chrysler and Ford are having their own problems and the question is what is going to happen to American car companies.
Thousands of jobs are at stake, and the lives of those dependent on those workers in one form or another are also at stake. Yet, how much tax payer money should be given to an industry that refuses to adapt, is poorly managed and clearly has no vision of the future?
Is the best thing to stop the loans, force the companies to declare bankruptcy and begin again? Maybe under a new structure, with new contracts between the industry and unions things could actually work out for the best?
Free enterprise means that you have to compete and if you are going to be the winner, you have to have the best ideas, be the most creative and offer the best product. The American car industry has failed in this regard.
Bankruptcy just might be the way to inspire them to approach the business from a new point of view.
I say no more loans. If they cannot adapt and survive on their own, then things will just have to continue in a new direction.
Survival of the fittest.
Its Common Sense!
Showing posts with label Car Industry. Show all posts
Showing posts with label Car Industry. Show all posts
Thursday, February 26, 2009
Thursday, November 6, 2008
Fallout!!
It didn't take long for the fallout to begin.
Evidently Sarah Palin did not do too well in geography, unless everyone else in Alaska thought Africa was a country and not a continent. After all, you can see Russia and Canada from Alaska, but Africa is out of sight.
Joe Lieberman is probably going to pay the price for supporting his friend John McCain. Word is that Senate Majority Leader Harry Reid called Joe in for a little chat, probably to let him know that he will no longer be the chairman for the Homeland Security committee. If Al Franken becomes the new DEMOCRAT Senator from Minnesota maybe that will be his reward.
The leaders of the American Big Three - GM, Ford and Chrysler - met with Nancy Pelosi today to see about a 25 billion excellent term loan. Yesterday Pelosi was talking about another stimulus package.
Do you think Pelosi has a Chinese lover and that's why she wants to get the country more in debt to China? How much money does this woman want to borrow? How big a debt does she want to leave for her grandchildren?
I watched a teary eyed George W talk to his staff in what I guess was his initial farewell.
We wish you luck in Crawford, George.
Barney, George W's best friend, took a bite out of a reporter, something I bet George W would have loved to do.
Today Obama got his first national security briefing and is probably asking himself, Why the hell did I want to be president?
The stock market drop another 400+. I believe in the past two days its gone down by ten percent. Evidently not everyone has jumped onto the time for change bandwagon.
The fancy stores - Sachs 5th Avenue, Neiman Marcus - sales are down, which means that the rich are so worried about Obama's tax proposals that they are already starting to hide money under the mattress.
Hopefully calm will prevail and things will get back on balance. Its going to be a bumpy winter.
Pay careful attention to the next plan Congress comes out with to "help" the economy. Could be we'll be selling our butts before we know it.
We should have gotten rid of the incumbents!!
Its Common sense!
Evidently Sarah Palin did not do too well in geography, unless everyone else in Alaska thought Africa was a country and not a continent. After all, you can see Russia and Canada from Alaska, but Africa is out of sight.
Joe Lieberman is probably going to pay the price for supporting his friend John McCain. Word is that Senate Majority Leader Harry Reid called Joe in for a little chat, probably to let him know that he will no longer be the chairman for the Homeland Security committee. If Al Franken becomes the new DEMOCRAT Senator from Minnesota maybe that will be his reward.
The leaders of the American Big Three - GM, Ford and Chrysler - met with Nancy Pelosi today to see about a 25 billion excellent term loan. Yesterday Pelosi was talking about another stimulus package.
Do you think Pelosi has a Chinese lover and that's why she wants to get the country more in debt to China? How much money does this woman want to borrow? How big a debt does she want to leave for her grandchildren?
I watched a teary eyed George W talk to his staff in what I guess was his initial farewell.
We wish you luck in Crawford, George.
Barney, George W's best friend, took a bite out of a reporter, something I bet George W would have loved to do.
Today Obama got his first national security briefing and is probably asking himself, Why the hell did I want to be president?
The stock market drop another 400+. I believe in the past two days its gone down by ten percent. Evidently not everyone has jumped onto the time for change bandwagon.
The fancy stores - Sachs 5th Avenue, Neiman Marcus - sales are down, which means that the rich are so worried about Obama's tax proposals that they are already starting to hide money under the mattress.
Hopefully calm will prevail and things will get back on balance. Its going to be a bumpy winter.
Pay careful attention to the next plan Congress comes out with to "help" the economy. Could be we'll be selling our butts before we know it.
We should have gotten rid of the incumbents!!
Its Common sense!
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