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However the Big 3 End Up Getting the Money, How Long WIll it Help?

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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 09:42 AM
Original message
However the Big 3 End Up Getting the Money, How Long WIll it Help?
It looks like chimpy is going to do what the repukes refused to do, and save the Big 3 from going under. My question is, to what end?

Is this a band-aid or a cure? Will we be facing another bailout in a couple of months? How long is it worth it?

I understand and appreciate the need to save the jobs and keep these companies going. For every auto manufacturing job lost, some 8 others are lost. But, are they really viable?
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regnaD kciN Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 09:46 AM
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1. I think so...
...but only if they change much of their approach to auto design and construction. That may take a while, which is why I'm pretty sure $15B is only the beginning.

At the very least, it will keep them afloat long enough for the Obama administration to come along and develop their own plan.
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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 09:50 AM
Response to Original message
2. I think we need to keep them running while we transition over to more
renewable things. Scale them back, make less brands and models - retrain workers in other factories to build a green economy.

If you can build axels, it's not a lot of training to build windmills....
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 09:51 AM
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3. general motors is the second largest auto assembler in the world
toyota is first and their sales have dropped over 33% and falling.

50% of toyota profits are generated from us sales.

ford is`t asking for money at this time. ford has enough credit to wait till january 21,2009
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Tierra_y_Libertad Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 09:54 AM
Response to Original message
4. It's simply delaying the funeral for as long as we're willing to subsidize them.
The scam is to call it a "loan" or a "bailout". It's a subsidy to keep them going to save jobs, not the industry.
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