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<blockquote data-quote="MrFedEx" data-source="post: 435422" data-attributes="member: 12508"><p>Even if the Big 3 cannot come up with a "plan", the Democrats have already said that they'll bail them out(Pelosi). If you take the "multiplier effect" into consideration (1 out of every 13 US jobs), they are truly "too big to fail". That said, both labor and management are going to have to make major sacrifices if any of the 3 are going to survive long-term. An SMU professor, who has accurately predicted everything that has happened already in the financial markets, has advocated that the government purchase 60% of GM stock and give it to the employees,making GM essentially employee-owned. They would sink or swim based on their own ability to extricate themselves from their problem. May not be a bad idea...</p><p> </p><p>A good start would be to make cars where the paint doesn't peel-off after about 5 years. One lousy American car, and the equally crappy response from the company who wouldn't fix it has been enough to keep me driving Japanese cars for 25 years.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 435422, member: 12508"] Even if the Big 3 cannot come up with a "plan", the Democrats have already said that they'll bail them out(Pelosi). If you take the "multiplier effect" into consideration (1 out of every 13 US jobs), they are truly "too big to fail". That said, both labor and management are going to have to make major sacrifices if any of the 3 are going to survive long-term. An SMU professor, who has accurately predicted everything that has happened already in the financial markets, has advocated that the government purchase 60% of GM stock and give it to the employees,making GM essentially employee-owned. They would sink or swim based on their own ability to extricate themselves from their problem. May not be a bad idea... A good start would be to make cars where the paint doesn't peel-off after about 5 years. One lousy American car, and the equally crappy response from the company who wouldn't fix it has been enough to keep me driving Japanese cars for 25 years. [/QUOTE]
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