Quote:
Originally Posted by MrIcky
I don't quite understand why you're throwing this around here. The people on this site are here because they want a Camaro. I drive a Dodge truck and a Ford Fusion and I'm looking forward to a Camaro. That doesn't mean I don't appreciate foreign cars- I used to own them. I said to myself many years ago that when domestic automakers could match foreign quality- I'd buy domestic. So now I buy domestic.
I don't want GM to fail. However I don't want to give GM money unless serious strings are attached to correct those things that make them unprofitable. I know, you'll say we're not giving GM money, we're making them a loan. As I've posted elsewhere, I think you're delusional if you think that. The history of government loans to companies to prevent bankruptcy is that the government can never call the loan due because the company will just file bankruptcy at that time. So if you want me to both buy a GM AND make them a donation at tax time, I want to make sure they're going to use that money wisely and not just band-aid a sinking ship.
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Let's throw out the political rhetoric. We all believe in a free market, but are you willing to accept that foreign workers and companies will take over if we don't act? Are you really so idealistic to believe in a capitalistic market that works against you? Other countries are injecting lots and lots of money into their markets. The US is holding out on GM because we're too stubborn to help the millions of Americans that will lose their jobs because a corporate mammoth is collapsing.
You want to make sure they use that money wisely. They will. They don't want to lose their jobs. Do you want to lose your job? Think about it. They're just like us. They want to put that money into their basic operations that they simply can't fund right now. If they can get through 2009, then they will have significant cost reduction in 2010. They need just a little bit of help through the next year.
We need to stop being stubborn and start supporting our country. Everyone else is supporting theirs.