Keith talks to Michael Moore about the proposed bailout of the auto industry and how it should be handled.
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Keith talks to Michael Moore about the proposed bailout of the auto industry and how it should be handled.
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Banks are already paying the government back with interest. For GM to be a positive investment for the tax payer, the market valuation of the equity has to exceed 160% of its peak valuation from back in 2000 when SUVs (the most profitable vehicles for auto makers) were booming. It's fun and popular to hate the bankers but that union boy pulling down $85k annually to work 38 hours a week making lemons is reaping what he's sowed. Now he's gonna pick our pockets as well.
We should have told them to build electric or solar cars if they want the money. Until they are ready to roll those out the companies could make parts for the cars on the road already, like the PT Cruisers which sold well but have been discontinued. Where will parts come from for those and others that were discontinued?
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