City Guide
Answers
Login
Home
/
Community
/
Forums
/ Post a Reply
Post a Reply
Thread: Will US watch its auto industry die?
Title:
(100 characters at most)
Content: ( 3,000 characters at most, please )
You can add emoticons below to your post by clicking them.
[quote=GEARBOX,345982]The politicians are confused and running scared. The knee jerk reaction of bailing out the Banks and AIG with no pre set conditions, unlike in the UK, allowed the Banks not to lend more money as it was intended to do and AIG had a party. So now the pendulium has swung the other way and the rest of the 700 Billion is on hold. It didn't help when The big auto companies didn't have a clue on how much they needed nor had a plan to recover. Can the US afford to lose the auto industry and will congress let this happen? No. Obama made too many promises and the country cannot take this hit at this time. But nothing says we can't make them squirm for a bit. The positive side is a possible bankruptcy or what politicians are suggesting now as a bankruptcy without actually filing for one. What this means is to give the auto makers the treatment and privilages of bankruptcy without the stigma of being bankrupt. Semantics in my mind, but it will allow them to restructure, put off immediate obligations, void past contracts and renogotiate its contracts with its labor pool the UAW. Hopefully, they will emerge stronger and more efficient without any excess baggage.[/quote]
characters left
Name:
Get a new code