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Truth Teller Donating Member (479 posts) Send PM | Profile | Ignore Fri Dec-05-08 07:17 AM
Original message
DEAR MEMBERS OF CONGRESS:
Invest in America

DEAR MEMBERS OF CONGRESS:

You don't want an economic disaster on your hands. Not when you could have prevented it. And not in times that are already the worst in a generation.

But that's exactly what you'll have and more if one of the three Detroit automakers goes belly-up for lack of a government-backed loan. There will be economic hell to pay not just in Detroit, but all across America, including in your state, in your district.

The loss of jobs, the devastated retirements, the massive loss of health care coverage, the sharp drop in local tax revenues, the closings of supplier and ancillary businesses all would be calamitous in the best of times. And these are not that. Just ask the people you represent.

...

http://www.freep.com/article/20081204/OPINION01/8120503...

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DonCoquixote Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 07:21 AM
Response to Original message
1. Dear Truth Teller
Edited on Fri Dec-05-08 07:24 AM by DonCoquixote
And how will this loan save them when they have a clear goal and interest in going bankrupt, so that they can finally lay siege to the Unions under cover of bankrputcy? This is their plan all along, the CEOS have learned to profit from failure, which is why we are in this mess!

Lest you think I am some right wing rube, ask Michael Moore, who should know a thing or two about GM, what his plan was, long stroy short, instead of the loan, buy out their stock, which is cheap now. That would actually give them money at it would raise the price of their stock (simple supply and demand) It would also put us in control of the operation. We could put a trustee in charge, and make it clear to them that "we own your ass." That way, they cannot sell it to the Chionese, who have already sent feelers out.
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