It was better this way, because now the auto makers won't have to put up with the ridiculous demands that congress would have put on them. And I can't believe I'm saying this, but G.W. finially did something right. :o
1). Eliminating corporate jets and reducing/eliminating salaries of executive management is a pimple on an elephant's ass. Those measures won't amount to a hill of beans.
2). No company the size of GM can be restructured, redirected and witness a significant turnaround within 90 days. It's taken 50 years to create this mess. Detroit has been nothing short of being dumb, fat and sloppy for many of those 50 years.
This is a joke. A debacle. $17.4B flushed down the toilet. Nice farewell Christmas present for the American citizens, Mr. President.
I totally agree. But the $17.4B was already flushed down the toilet as far as I'm concerned...they just diverted it to another pipe.
Ever have a bad toothache, and you keep taking aspirin, eating on the other side of your mouth, avoid cold beverages and sweets in an effort to make the problem fix itself? People will live with the pain of a tooth for months--and sometimes longer--to avoid that hour if discomfort in the dentist's chair.
On a national level, we're going to great lengths to avoid the inevitable conclusion... We all need that bad hour in the chair to eventually feel better down the road. Aspirin and other knee-jerk reactions and temporary fixes ain't gonna do it.
I just see government intervention in 'vital' industries as un-natural in a free market system
I work on my GM cars to make money , but we have been getting pounded on really low flat rate pay under warranty -taking the pay cuts the assembly line workers refuse to take
this is going to get worse [for me]
but since the car companys let the congress urinate on them 40 years ago , it has been going downhill
Read (not the interweb) educate yourselves, invest wisely , make a business plan for yourselves going forward on how to get to place where you will need to be at age ( xx) constantly adjust , plan ,make wise investments
If you have a ok job , hang on to it until you can replace it with a better one--Dedicate a large portion of your funds for your future..
BUY PROPERTY .. My grandpa told me many years ago, .... they don't make land anymore
(2 cents)
ps
we will be ok .. Just make smart /wise decisions ...
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