Originally Posted by Greger
That's funny Issodhos. I can't quite put that puzzle together but it looks a little shady.
Kap, if it was my own personal checkbook I wouldn't bail none of em out. Nobody's making any effort to bail my ass out.
I think what everybody is trying to do is just freakin stay alive for a few more months in the hopes that the economic logjam will break loose a little bit. I recognize that the automakers are huge employers though and they need to be kept functioning to prevent many many thousands more from filing for unemployment compensation which will in turn depress more markets and cause even more unemployment. Once a snowball effect gets going nothing will stop it til it gets to the bottom.

Greger, the demand for US made cars is around 40% of the today's production. Layoffs will happen with and without the bailout. The diference is which people get laid off.

Even with the layoff GM is going to close 10 plants next year. Ford will most likely match that number and Chrysler will declare bankruptcy if it doesn't get bought out by GM (Ford is smart enough not to get involved with that).

Don't think that if this bailout passes jobs would be saved. They won't. In the end about the same number of jobs would be lost.

A gem cannot be polished without friction, nor a man perfected without trials. ~Chinese Proverb

The early bird gets the worm, but the second mouse gets the cheese. ~Jon Hammond