Why GM Is a Lousy Model for Economic Revival

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BTW, TARP did not bail ANYONE out. It only made rich facts in the banking industries richer.

John Habernathy of NE 6:41PM February 03, 2012

Obama should have let GM and Chrysler fail. Ford Motor Company managed to stay alive and is doing very well. The reason GM and Chrysler went under is because they got involved in other interests besides the auto making industry. Bailing out these losers just another way to screw the average citizen and keep the unions afloat. Unions have destroyed the incentive for new workers. Why can auto workers at Toyota get by and make a decent living without unions(and lower costs) and those UAW people at GM and Chrysler need close to $80 to survive (benefits included)?.

John Habernathy of NE 6:39PM February 03, 2012

GM is a problem and saving them will not change the Company. The Company has old officers and old ideas. In five years we will be looking at the same problems that GM had before. Gm had the best of customers in the past and chose to implement new vehicles that the majority did not want. Of course, this was true of all the other manufacturers. When are vehicle manufacturers going to get down to only promoting 3 or 4 models and making the best vehicles that is possible? We all know that they could make vehicles with better gas mileage. We also know that a curtailment of the number of models would allow more money to be spent on improvement of existing models. The auto industry has constantly created things for cars that while nice, have nothing to do with the usage of the vehicle, and thus used by the better off. Why not, spend more time in improving on existing models? Maybe this would stop some of those expensive recalls

John of IL 4:35PM January 29, 2012

so much for the bailing out

harold fricke of WI 9:37PM January 28, 2012

Rick, you failed to factor in the taxes being paid by the now-employed workers(including additional hirees) PLUS the billions saved through not having to pay out unemployment benefits to those workers for God knows how long.
Knee-jerk responses on Obama just because you don't like the man(or because you don't like Democrats) just don't cut it in honest journalism.

George of NY 12:29PM January 28, 2012