"Ed Huntress" wrote in message
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"John R. Carroll" wrote in message
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"oldjag" wrote in message
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Well, I guess most folks don't really care to much if the US auto
companies fold, judging by the internet postings. If one or more does
fold, who has the capital in the US right now buy up any of the
assets?
The remaining manufacturers will pick up the slack.
They will all be hiring.

Are you sure? A sell off of the Big Three would result in so much
displacement that car sales for the whole country are likely to tank, IMO.
The multiplier effect throughout the economy will cause many more to be
laid off or fired. And then there will be no reason to hire most of the
fired workers, because nobody's buying.

This is happening/has happened already Ed.
The real problem is that the plans being proposed won't work,
They don't go far enough to convince the American people to get behind them
and that is what it is really going to take.
The example - step by step - that the Big Three needs to follow has been
written in history. All of these guys are familiar with that example and if
they aren't they should be.

Had Rick Waggoner stood up and told Chris Dodd that if Congress would
provide the financing GM had delivered it's last gas only vehicle, he would
have stunned the room and then gotten a standing ovation AND the money, as
much as was required, from the assembled. GM could be out taking orders for
a vehicle to be named later this very day and Congress could agree to have
the Treasury Dept. securitize those orders to provide the cash back to GM.
It would be a self licking ice cream cone.

The examples of BK'd automakers that bit the dust won't wash either. This is
a very viable possibility today because none of the examples cited
represented the end of home grown auto manufacturing in the US. It also
ignores the Chrysler turn around.
People bought K Cars by the thousands at a time when both GM, Ford, and the
media were braying publicly about orphaned vehicles built and sold by a
company that wouldn't survive. Lee Iaccoca sold the press and public. The
rest is now history.

See if your wife doesn't think these guys don't remind her a little of
"small ball" Palin. Especially Gettlefinger. Where in hell did they find
that ignorant bumpkin? I wouldn't buy a car, new OR used, from that cracker.

JC