I wish I had 286Mill to lose.

 

If i had 1 million to lose i'd be pretty happy

Lots of vehicles coming downt he pipe still. I still think the next model year may hold some promise.

 

i wish i found it.

 

I would like to point out the the US currently has a sitting Republican President, with a -not insignificant, but also not decisive- republican majority in BOTH halves of congress... I have a very hard time imagining our government today bailing out one of the big 2 and a half. And I agree. It's not the government's job to bail out bad businesses.

I also seem to think that, while it wouldnt exactly be an economic cakewalk, the doom and gloom "Get ready to live like Europeans" situation is a little out there as well. The economy would certainly falter, but I dont see it tanking to anything even resembling the late 70s/early 80s.

 

1 out of every 7 jobs in the US, is directly, or indirectly influenced by the Big 2.5.

Think about that.

1 in 7

I don't think that even a Republican lead government can stand idly by and watch something like that happen to the economy.

If either Ford or GM, or both were to fail (mind you, I'm not talking BK, since that is not going under), there would be a worldwide depression the likes that we have never seen.

While some may think that my thoughts are doom and gloom................ well, those who think there would be little effect to the economy live in a land of flowers and butterflies. I especially love those who say "well then, everyone would just buy Toyotas and Hondas." Excuse me............ how would anyone be able to afford to buy anything. There would be no gap to fill............. there would just be a domestic catastrophy (as in, who gets to pay for the default on all of those pensions???? You got it, those 6 out of 7 who still have a job).

Anyway, I don't think it will ever get to that point. Well, at least I hope not. I really do want to be able to buy a new Adrenalin next year.

 

as far as GM goes they have too much cash in reserve to qualify for bankruptcy anytime soon.

 

I live in Michigan, and am an engineer for a Tier 1 supplier. While we've got a healthy relationship with the transplants, much of our work is still with the Big 3. As you likely know, an automaker's health can be assessed by the performance of its suppliers. Collins & Aikman. Tower. Delphi. Visteon. Lear. Intermet. The list goes on.

I'm getting kinda sick of people pissing on my head and telling me that it's raining.

 

Yeah but what will another ten years of bad business do, put them right back in the crapper.

If GM manages to pull through this one way or another they simply have to come out better for it. That may be in the very long term, but I don't think anyone can poo-poo rapid loosses like this.

 

Im not saying that this is anything but bad news for GM, and it's suppliers.

I agree though, that someone at GM needs to sit up, take stock, and start fixing things. Patching the holes in the boat isnt going to work when the boat is sitting on the reef at low tide, yanno?