Auto Industry Bailout - what do you think?
Original post made by Carl, Del Prado, on Nov 12, 2008
Let GM restructure as market forces demand. To bailout this firm only delays the inevitable.
As President-Elect Obama has said...
"There's new energy to harness, new jobs to be created, ...
"The road ahead will be long. Our climb will be steep. ...
"And we know the government can't solve every problem. ...
"And, above all, I will ask you to join in the work of remaking this nation, the only way it's been done in America for 221 years - block by block, brick by brick, calloused hand by calloused hand.
The unleashing of intellectual capital held by GM into other industries, the reconfiguration of the assets into more fuel efficient car manufacturing, so much potential is being held back by the forces who don't want *real* change.
Let GM and others fail. This the real change we need.
What do you think?
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