It's For The Ecooooooooooonomy!

[unixronin]

Our thanks for bailing GM out? They’re going to roughly double the number of jobs exported to China, Mexico and Korea.

Yeah, that’s really going to help the economy.

Let the bastards fail. They got themselves into this mess. We can't keep throwing good money after bad forever.

Oh, wait, I forgot. It's not really what you could call "good money", is it? It's probably still wet from the presses...

Comments

[unixronin.livejournal.com]

Honestly, I believe that every dollar we throw into the black hole of GM and Chrysler is lost, because in all ways that matter they are incapable of changing. The things that are wrong with Detroit are inseparably bound into Ford, GM and Chrysler at every level, from the shop floor to the boardroom. Any attempt to prop them up is just going to burn money while putting off the inevitable, while letting them become progressively more and more uncompetitive.

It's time to quit flogging the dead horse and move on. Tesla is probably a great place to start.

[ithildae.livejournal.com]

The horrid irony is that it is primarily government regulations that prevent them from making fundamental changes. Remember that many laws support the unions and prevent the manufacturers from making meaningful changes in labor costs. (Disclaimer: I am in favor of unions existing. I know people whose parents worked the coal mines of West Virginia. I really do favor unions.)