http://finance.yahoo.com/expert/article/yourlife/127875;_ylt=AmdIlsMuWjDRzRLURs8l_3a7YWsA
He is right, except that tax payers won't pay a penny for the bailouts.
He is right, except that tax payers won't pay a penny for the bailouts.
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Ben Stein Says to Bailout Autos
- Thread starter stock_trad3r
- Start date
I have long been critical of the de-industrialization of America as self destruction that reflects multiple errors in our political and economic system. However any solution that includes 90% of GM's senior managers and the UAW should be a nonstarter. My best guess is that the start of a healthy American auto industry would be half the employment, few of the old managers, in the hands of some entrepreneur that paid real, personal cash for his substantial share.
Or alternatively a bankruptcy liquidation, that made room for a new, more technology oriented car company. Bailing out ineffective GM managers and the UAW is ultimately bad for the country and its currency, probably sooner now than later.
Or alternatively a bankruptcy liquidation, that made room for a new, more technology oriented car company. Bailing out ineffective GM managers and the UAW is ultimately bad for the country and its currency, probably sooner now than later.