Re: BIG THREE BAILOUT !!!!

Posted by scott#2 on November 20, 2008 at 17:58:36 from (138.88.71.178):

In Reply to: BIG THREE BAILOUT !!!! posted by bodid1998 on November 20, 2008 at 17:02:34:

It will be bad either way. All 3 will become zombie companies if they get it resulting in a waste of our tax dollars and a temporary fix at best until they mismanage what the fed gives them and ask for more. Giving Detroit a ton of money isn"t going to make people buy new cars, we are in a new world here, they don"t get it, all the rules have changed.

If they dont get the bailout, half a million jobs in that direct industry alone will fall, not to mention the ancilliary manufacturers and other suppliers farther down the line, right down to light bulb manufacturers and plastic injection companies that make that 99 cent clip on plastic cup holder.

I was watching Russia Today the other day and no one is buyng any cars there either, imagine that. They showed the poor truckers living in their trucks, cooking over a portable gas stove in the cold and snow because dealerships are turning them away, and the truckers dont get paid until the product is off their racks, a big freaking mess and they only have 1 ONE, major automobile manufacturer, 100s of truckers suffering.

I think our big three need to figure it out for themselves and in a real big fast hurry. They need to get together, quit beating thier chest and consolidate and clean up their own mess, just like the banks should have done. Who needs 100 different models of cars and trucks anyways. Problem now is, their too over structured and can"t move fast enough to adapt to a changing environent. I know when my businesses start taking hits, to back up, regroup, cut stuff quick and re examine the bottom lines on a daily basis, who"s gonna bail me out?. Thats why nothing that the fed can do will work, they were too late to begin with and now very seriously behind the crumbling curve. I dont see that bank bailout making any difference (knew it wouldn"t)and my last buck says it never will, any takers?

The day is here where swift, nimble companies will survive and if properly positioned, make a killing. Cash is now king and we all know tightly were holding on to that.

I think it"s about time this happened, things have been too "free and easy" for way too long, too bad most people don"t look at where their heading when their running off the cliff, when the masses are all running one way, you find me quietly and quickly sneaking through the bushes in the opposite direction. The days of do something, even if it"s wrong are long gone.

Anyone thinking about what they should be stocking up on? Car makers failing conjures up questions like; what about parts? Funny how people are giving away thier horses right now, kinda makes you think, doesn"t it?. History ALWAYS repeats it'self.

I kinda think this whole mess is right on time and long overdue. All the big boys, in every industry who took greedy advantage need to start back up from the first rung the way I see it, they need to go. I feel sorry for people who got caught up in it and the many more that will be sucked down in the days ahead. Quite simply put, resourcefulness and cash is all that matters now. Will come a time when all the cash in the would wont make a bit of difference either.

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