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 12-04-2008, 23:24 Post: 158380
greg_g



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  What is your take on the Big-3 hearings

I don't see an auto industry problem, I see a Michigan problem. Why should the citizens of 49 states - several of which coincidentally host auto manufacturers that don't have their hand out - why should the citizens of 49 states be forced to pick up the slack for one that hosts 3 corporations that have run themselves into the ground?

In my mind, these 3 don't deserve "bailout money". If they truly need help; fire those responsible for the current mess, correct or reverse those conditions which put them in this position - then ask for a loan. It worked for Chrysler in 1980 and Boeing in 2003. Except in this case, anticipate that they'll grab a loan - then declare bankruptcy. Ensure that the terms of any taxpayer funded loan preclude that.

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 12-05-2008, 13:30 Post: 158395
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  What is your take on the Big-3 hearings

Not a stock owner, I sorta like to think I've been smarter than that.

As far as family retired or working for the B3 or a supplier influencing my opinion - no. But why should that influence our responses to your original post? The vast majority of American taxpayers have no vested interest in financial problems that pretty obviously originate in Michigan. And those who DON'T pay taxes, would only care if the issue affected their own handouts.

FWIW - whether or not she's affected by your 2nd question - I think Ann's response was right on the money.

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 12-05-2008, 14:52 Post: 158399
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  What is your take on the Big-3 hearings

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Originally Posted by earthwrks | view 158398
Simply put, if someone doesn't have a job, they have no money to eat let alone get work done. In the bigger scheme of things, when it comes to the economy it's like playing musical chairs.

Well, not for the next four years anyway - we're about to enter into the ObamaZone. What little wealth I've been able to accumulate - is soon going to be "redistributed". Presumably the recipients will include those who run out of food while playing musical chairs.

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