View Single Post
Old 06-02-2009, 01:46 PM   #18
MelBridgeman
Lifetime Suspension
 
Join Date: Mar 2007
Location: Calgary
Exp:
Default

Quote:
Originally Posted by HotHotHeat View Post
There's no right answer here.

Option A is do nothing and let them die. The economy would absolutely tank if that happened. The reach of GM into various sectors of the economy is widely unknown. This would also cause both Obama and Harper to hurt in the polls.

Option B is what has happened. They've rescued a company with a terribly inefficient business model, pension nightmares, and a crappy product that doesn't compete with other automakers. But, they've saved countless jobs in doing so.


Again, it's easy to say you shouldn't spend the money propping up a badly run company. Who knows.
i have no problem with saving the company as long as entire upper management is fired.
MelBridgeman is offline   Reply With Quote