[Lurker]

Here's the broad outline of what we believe will essentially be an in-place nationalization of a major American industry:

That's been the plan all along...

L

[RKV]

[headstamp 2]

The government is basically getting ready to “Conrail/Amtrak” the car companies. Another boondoggle that will bleed tens of millions monthly and will be “too big to fail”.

[KoRn]

/mark

You should start an IBD ping list.

The articles are always a good read.

[headstamp 2]

“The government will name a “car czar” to rule over the industry with “veto power” over any Big Three expenditure over $25 million.”

That’s basically EVERY expenditure which in turn amounts to total government control.

GM will go from being an HMO that builds cars to a Government-run HMO that builds cars.

[trumandogz]

Thankfully, President George W. Bush will veto the 15 Billion Dollar Auto Bailout just like he Vetoed that Trillion Dollar Wall Street Bail Out.

[Traveler59]

Gee, does anybody remember Conrail? The taxpayers kept that one afloat for more than 20 years.

- Traveler

[NoControllingLegalAuthority]

One possible silver lining might be the car models that can be brought back.

How about?.....

the Edsel

the Corvair

the Pinto

the Pacer