Or is it just Kumar?
Can he do that?
I mean, I already against the bailout, rescue, whatever the f**k you wanna call it... but, can he really change his mind on what he wants to do with the money?
So, what's to stop him from taking $20million to build a house for himself? Well, that's easing the credit crunch isn't it?
No, I am serious. What a f**king bunch of clowns.
Now we are talking about bailouts for the automakers.
Here's someone who shares my views (0r whose views I share).
You know, when other automakers were making hybrid cars and electric cars, you were pumping out trucks and SUVs (albeit smaller, gas saving ones, like the Escape, but they were still SUVs). While other makers were making luxury cars that consumed less gas, you were putting together Buicks (that WERE NOT luxury cars) to compete. If you are NOT keeping up with the competition, you deserve to fail.
On the part about unemployment. Instead of bailing out the automakers, use the money to re-train the employees. If they want to sit on their asses and complain about the loss of their jobs, so be it... just another Gary, IN or Roseburg, OR. If they take the opportunity to re-train themselves, they should be back to "gainfully employed" by the time they are done with their training.
For years, one does not buy an American car unless you are looking for a really cheap car (even then, for much better quality and about the same price, you can get a lower end Japanese car or Korean car) or if you are a piece of trailer trash. Why do you think that is so?
I don't know anyone of my friends and acquaintances who own a American car. Well, I do know one who owns a 10+ yr old Ford Festiva but that's because it's a 10+ yr old car and it serves its current purpose.
The American automakers just couldn't keep up with the competition and therefore, like all businesses that cannot keep up with their competition... they should FAIL.
The governer of S Carolina had this to say on CNBC this morning. S Carolina is home to the headquarters of BMW in the US.
http://www.cnbc.com/id/15840232?video=927273486
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