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Originally Posted by Drive_Fast
i agree that this is asham and a front to nationalize the economy. They have a vailid point. the finicial sector was the first, now they have pay controls and other issues to deal with, now its autos and pay control. next its health care.... then its..... let have the free market economy do its job. gm will live on in some form just like how amc lives on thru chrysler... granted gm did not need 8 or more brands when 1 or two will do... i say chevy and buick since buick is truly international and outsells caddy internationally as well....
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Maybe you should really understand the bigger problem. So many people in this country have been convinced that completely unfettered markets are the only way to have capitalism. From the end of the 1990's until now, that's pretty much what we had. Did you pay attention to what happened?? Humans, by nature are greedy. IF you leave no rules, then folks will take advantage. Wall Street killed the financial business by always trying to push off every riskier deals to the next guy. Guess what....it collapsed.
Now, if you advocate letting capitialistic darwinism do it's thing, then be prepared for 30% unemployment. That's what occurred in 1929...
GM was a victim of the economy and it's own previous success. The Government did the right thing, in my opinion. It saved our economic base and didn't let the finance markets melt down.
The people who consistently make money off the backs of others are the ones who consistently advocate a bunch of deregulation and convince people who are intellectually lazy that it's in their interest to let super rich steal from them, all in the interest of 'freedom'. I see people work against their own interests all because someone convinced them that limits are Un-American.
The US Government will get out of GM as soon as the BK is done and they can pull off an IPO. They don't want to run private businesses. They don't want to put their noses in you healthcare either. They are involved because they have to be. Our wonderful industrialists have forced them to bail 'em out.