Bankruptcy does not mean they tear down the factories and lobotomize the workers. It does not mean no more Chevys or Chryslers. It means the incompetent and unwise owners and bond holders forfeit assets, which will be bought up by people who believe they can make a go of it. Chapter 11 bankruptcy is the only way to save the Detroit auto companies. I think it will happen sooner or later. The only question is how much of YOUR money will be squandered before it happens.
I identify with the democratic socialist party, and all of this bailout nonsense pisses me off as a socialist because socialism is about bailing out the little guy, not giving money to the wealthy so they can continue to amass wealth through the capitalist system. This is the worst of both worlds: Out of control government spending interfering in the operations of the market PLUS capitalist gluttony at the expense of the working poor. Woe upon we who unwittingly sign this devil's pact...
Bankruptcy does not mean they tear down the factories and lobotomize the workers. It does not mean no more Chevys or Chryslers. It means the incompetent and unwise owners and bond holders forfeit assets, which will be bought up by people who believe they can make a go of it. Chapter 11 bankruptcy is the only way to save the Detroit auto companies. I think it will happen sooner or later. The only question is how much of YOUR money will be squandered before it happens.
JiveDadson 3 years ago
"thou shall not make noise for Detroit"...thanks for turning me onto them I really like em
spiveyb 3 years ago
The Amarican auto workers should have seen all this coming , well so much for labor unions.
Buy Japanese , better looking , safer , cheaper to run , cheaper to maintain.
No bail out for the big 3.
hanky2112 3 years ago
I am hooked..I'm gonna' watch more of your stuff. You're going places kid! See you on the big screen someday.
jagsouthern 3 years ago
i made real actual (sort of subdued) noise when you asked me to. i am *such* a good subscriber.
:D
chelseyjane 3 years ago
what happened to having three different pertinent news stories?
MaverickToro 3 years ago
bush has always sucked like a hoover, now even cheney knows
CitizenWorm 3 years ago
fuck Detroit
wogsland 3 years ago
I actually did make noise after the part where Kotecki pleaded us to do it. My noise was "boo" because Detroit stinks, lol.
TeslasRadio 3 years ago
I identify with the democratic socialist party, and all of this bailout nonsense pisses me off as a socialist because socialism is about bailing out the little guy, not giving money to the wealthy so they can continue to amass wealth through the capitalist system. This is the worst of both worlds: Out of control government spending interfering in the operations of the market PLUS capitalist gluttony at the expense of the working poor. Woe upon we who unwittingly sign this devil's pact...
DamNationDiplomat 3 years ago