Should The Government Bailout GM?

12thMan · 11-19-2008, 04:16 PM

In less troubling econmic times, I think you let GM ride this one out like the airlines industry did post 9-11, and have continued to do since then.

I'm not sure we have that luxery to play hard ball with the auto industry. There is way too much at stake here. If GM fails consumer confidence will be in the toilet for a long, long time. The impact of losing nearly 4 million jobs can't even be fathomed.

Our choices are bad and worse when it comes to the big three. One thing's for sure, as a part of any potential bailout, the CEO's have to go. Period.

11-19-2008, 04:16 PM	#7
12thMan MVP Join Date: May 2005 Location: washington, D.C. Posts: 11,460	Re: Should The Government Bailout GM? In less troubling econmic times, I think you let GM ride this one out like the airlines industry did post 9-11, and have continued to do since then. I'm not sure we have that luxery to play hard ball with the auto industry. There is way too much at stake here. If GM fails consumer confidence will be in the toilet for a long, long time. The impact of losing nearly 4 million jobs can't even be fathomed. Our choices are bad and worse when it comes to the big three. One thing's for sure, as a part of any potential bailout, the CEO's have to go. Period.

Should The Government Bailout GM?

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