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Originally posted by Tunnel Rat And a big sign of changes to come is the hesitancy to bailout the Big 3. The sentiment seems to be anti unions/failing companies, and I could see America becoming a leader in new energies (our vast natural potential as a source of that is where Canada fits in nicely). The Big 3 might shrink to 2, but they can streamline and do more research rather than mass production with unions running that show.

As much i'd like the auto industry to be helped, there is simply too much that needs to change for it to be successful.

The big 3 went to the govt begging for money and had no plans. There's no way they will be handed a blank check. Even the 25 bln they are asking sooner to make more efficient cars will be used....not to build more efficient cars, but to save their asses....somewhat

The big 3 have shot themselves in the foot in soooo many ways, retarded benefit plans, retirement benefits, salaries that just don't make sense for assembly line work. Also, upper mgmt failed to see trends and kept building gas guzzlers while others started building fuel efficient vehicles and gas prices kept going up.

I mean gas prices have been on the rise for the last 3.5 years....and they slept on it...

At least one of the 3 is doomed for failure, and unless they change their management and get a fresh start...they are fucked...
That's why many are saying let them file chapter 11.....but there is so much at stake...!

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Originally posted by devnull At least one of the 3 is doomed for failure, and unless they change their management and get a fresh start...they are fucked... That's why many are saying let them file chapter 11.....but there is so much at stake...!

It has to happen though.

Without the restructuring that they desperately need, they'll be back in the exact same spot in a few years (if that).

They need to file for bankruptcy and get some new management in there ASAP to turn things around. The government has helped them out way too much in the US already in the past few decades and its time for them to suffer. They also need fix up those Unions.
There is just too much that needs to be done in the American Auto industry right now for just a bailout. More needs to be done.

There is a lot at stake, but just because a corporation files for bankruptcy doesn't mean that everyone is going to get laid off.

it's not just the auto industry.

it affects the parts makers, which affects natural resources, dealers, etc...

lots of people are going to be on welfare

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Originally posted by chinamon not true. i say "ugh" but i am a tranny.

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Originally posted by kotsy lol colour me retarded

Collapse of the big 3 would lead to probably 200,000 Americans out of work. The US govt isn't going to let that happen.

another 800 billion dollars bailout!

weeeee!

Volcker is back on the scene, he'll set things straight, lol.

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UAW is a monopoly, it should be illegal.

Thankfully, it's a US holiday so I don't have to see stupid Paulson's weaksauce attempt at giving a press conference, like he seems to do every.single.day.

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Originally posted by slingshot Volcker is back on the scene, he'll set things straight, lol.

no seriously, he is gonna tell them like how it is and no one is gonna listen to him.

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Originally posted by Skipper Collapse of the big 3 would lead to probably 200,000 Americans out of work. The US govt isn't going to let that happen.

Governments can't save any jobs, they can only create or destroy jobs.

COMEX will get raided before Christmas and gold will then skyrocket....