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Auto Makers and Bankruptcy

By: dhad50 send a private message
Spring Hill : FL : USA | 7 months ago  
Views: 111

They say bankruptcy is inevitable for GM and Chrysler, and I say so be it. From the ashes will come a new beginning. A fresh start with a new and improved outlook on the way automobiles are designed and built.
Why should these companies be any different than any other large company in America. If bad decisions are made, and problems arise because of this. The Government doesn't bail them out with ridiculous some of money. So why then should the American people bail GM and Chrysler out. I mean they have already received 13.4 billion to GM and 4 billion to Chrysler. And yet the possibility is extremely high that they are going to declare bankruptcy in the next couple of months. But the companies are still asking for more money, to prolong what everybody already knows is going to happen. At this point in the game there is no way they are going to be able settle with their creditors. The creditors know this, and are trying to recoup every dime they can vie the American tax payer.
Let the bankruptcy happen!. First the fire then the ashes and then the rebirth of a stronger auto nation. The companies can be broken up and sold off into smaller entities, so that only the strong will survive. Believe me the strong will survive they always do.
Now as to the autoworkers they too will survive. There will be an adjustment period, and it will probably last for awhile. But we as Americans always find ways to adapt to our current situations.
Therefore the U.S. Government should hold all remaining funds, and let the American taxpayers off the hook. Haven't we given enough, when and where will this end. The time has come to make a stand and let the chips fall where they may.
Comments and Frustrations Welcomed!

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Posted By nbsubramanian17 nbsubramanian17 | 7 months ago
Let the bankruptcy happen for their inefficiency. The umiversal principle is that the inefficients will pave the way for the more efficient. This is a visual cycle. Let us wait and watch.
Reported by dhad50
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