Off-Topic: GF is hopeless

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	Name:	MartiniMan -
	Subject:	GF is hopeless
	Date:	1/3/2012 10:34:00 AM

There is no talking sense to GF on the issue of government's proper role. He is truly hopeless. To point out that Ford, who did not take government cash is doing the best of the big three won't work. Explaining that had GM and Chrysler been able to restructure under bankruptcy laws they would have finally been able to address their structural problems with health care and pensions for retired union thugs and been able to move toward long-term solvency is a waste of energy. Telling him that by fiat the federal government violated federal bankruptcy law by favoring the unions over legitimate bondholders is not going to work. And explaining that losing $14B on their so-called investment in Government Motors is actually not the idea of success will be met with a blank stare. He just doesn't understand basic economics and believes so much that just isn't true.

On all fronts the intervention in GM and Chrysler has been an abject failure and I predict we will eventually be right back to square one with both companies wanting more taxpayer money in order to payoff the unions. On the positive side, I heard GM sold like 240 Volts last year so get yours soon while supplies last. I mean where else can you find a vehicle that can go 40 miles between charges?!?!?

Other messages in this thread:

View Entire Thread

Chinese Car Show - lotowner - 12/31/2011 10:57:23 AM

Chinese Car Show - GoneFishin - 1/2/2012 12:17:07 AM

Chinese Car Show - buzzbuster - 1/2/2012 1:09:58 AM

GF is hopeless - MartiniMan - 1/3/2012 10:34:00 AM

GF is hopeless but always fair and balanced - GoneFishin - 1/3/2012 2:05:06 PM

More like fairly imbalanced..... - MartiniMan - 1/3/2012 2:53:13 PM

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