Thread: Bailing out GM
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Old 11-11-2008, 09:43 AM   #11
Joe
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Join Date: May 2001
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Quote:
Originally Posted by RIJIMMY View Post
Joe, how is this a political argument?
its the New Orleans scenario.....do you keep rebuliding something that you know will be destryoed again or do you move on and find higher ground?

When do we stop bailing? Computer companies, airlines, food manufacturers? To Saltys point, it peoples job to be planning for the business, if they fail, they planned poorly and should lose their jobs. Pumping money into a business that loses money will only mean more lost money.
If we prescribe to darwinian economics at this point in time, then no industry is going to be viable - including yours. It the auto industry collaspes, its going to hasten the avalanche.

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