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The Water Cooler
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Start Saving Now...You'll Need It To Pay For the Next GM Bailout
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<blockquote data-quote="Werewolf" data-source="post: 1873369" data-attributes="member: 239"><p>Excellent read and I believe the author's prediction of GM going bankrupt yet again is right on.</p><p></p><p>He hit the nail on the head and summarizes the gist of why he believes GM is heading into bankruptcy with this comment:</p><p></p><p></p><p></p><p>That said: GM is not an insignificant piece of the US economy. The short term repercussions of it going belly up would be too severe for any politician, be they dem, rep or libertarian to allow. In the long run the repercussions might become strategic as the loss of GM would severly impact our heavy manufacturing capacity and our ability to respond to scenarios where the ability to rapidly manufacture heavy equipment could be critical to the survival of the USA as a nation.</p><p></p><p>Tough problem: but then isn't that why the Prez gets the big bucks?</p></blockquote><p></p>
[QUOTE="Werewolf, post: 1873369, member: 239"] Excellent read and I believe the author's prediction of GM going bankrupt yet again is right on. He hit the nail on the head and summarizes the gist of why he believes GM is heading into bankruptcy with this comment: That said: GM is not an insignificant piece of the US economy. The short term repercussions of it going belly up would be too severe for any politician, be they dem, rep or libertarian to allow. In the long run the repercussions might become strategic as the loss of GM would severly impact our heavy manufacturing capacity and our ability to respond to scenarios where the ability to rapidly manufacture heavy equipment could be critical to the survival of the USA as a nation. Tough problem: but then isn't that why the Prez gets the big bucks? [/QUOTE]
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