Body & Soul0 min ago
US car bailout
Will the $17.4 billion bailout by G.Bush be enough to save the US giants General Motors and Chrysler from going under? Is 3 months enough to get them turned round or is it a means to hand the problem over to Obama? Would the money have been better spent investing in the smaller greener cars owned by the resident Japanese manufacturers such as Toyota?
Or should the money have gone to consumers so that they could make the purchase themselves? $17.4 billion would buy a whole load of cars!
http://seattletimes.nwsource.com/html/politics /2008541922_auto20.html
Or should the money have gone to consumers so that they could make the purchase themselves? $17.4 billion would buy a whole load of cars!
http://seattletimes.nwsource.com/html/politics /2008541922_auto20.html
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Its like pouring taxpayers money into a celestial black hole. To try to preserve patriotism by keeping these giants afloat for a few extra months is not sensible or helping the workers at these plants plan for a secure future. What could possibly be achieved in 3 months and how could they possibly pay the loan back.
The yanks never learn. When IBM continued its old practices it was quickly overtaken by Microsoft who saw the niche in the market. Now their gas guzzling cars have no place in modern motoring and should only be put on show at places like Beaulieu.
The yanks never learn. When IBM continued its old practices it was quickly overtaken by Microsoft who saw the niche in the market. Now their gas guzzling cars have no place in modern motoring and should only be put on show at places like Beaulieu.
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