It is not a matter of what I support as it is the vision I see. From a theoretical business stand point, the fate of GM should be left to the market. There is some question in my mind that Chrysler as a private company will get the same exact treatment, but the market should decide.
From a political standpoint, GM can not fail because Michigan goes down the tubes. The problems and costs of such an event are unthinkable. The dominoes of Ohio and Indiana and possibly Illinois would likely fall as well.
Katrina is trivial when compared to the catastrophe.
In medicine you learn triage. You tell the minor injured shut up and wait, and you walk over the dead, because if you don’t they will waste resources and time and others who might of lived( in this case Ford ) die.
Colonel let squad listening posts/ observation posts get run over and wiped out so that the brigade can survive.
The upper Mid West has gone through many economies, and can so again.
Having GM/Chrysler is like having a dead arm soaked in antibiotics attached to you. Yeah, you got a arm, sort of, but you aren’t going to be productive.
The GM/Chrysler clown posse circus is tying up labor, talent, money, politics and mostly, as in your case, imagination. No one will think, strive, do or make the alternative while these living dead are stinking up the place.
What you are basically advocating is a three state public housing welfare zone. Like, urban Detroit, only bigger. That, is so so pathetic.
Speaking of ‘saving’ and ‘revivals’ and government/private partnerships, how are the smaller experimental socialist petri dishes of Detroit, Gary, Flint, Saginaw, Toledo, Cleveland doing?
So, even though you have a hundred examples, over three decades of government failure, wasted TRILLIONS....you are advocating the same thing.
You got to be on the teat somewhere in this picture.
"Last week, at the official British Treasury auction, investors failed to buy the full complement of so-called “gilt-edged” 40-year bonds. Two such auctions have already failed in Germany. The U.S. Treasury, facing similar investor reluctance to snap up $34 billion of five-year notes, was forced to increase the interest it will pay on them"
If we don't, and we won't, close the water tight money doors on GM/Chrysler, the ship is going to sink. No one will buy promises from weak borrowers who do not have the guts to do what needs to be done. That's why GM couldn't not fined one, single loan in the entire world. Not one. Zero Zip. So too now the UK, Germany, and coming the US.
How many times did Germany rebuild it's industrial Ruhr? Three? And you are crying, mewing about Michigan? Pathetic. A historical. Economically ignorant and financially not going to happen, because if it does, and all the others start doing the bailout boogie, this entire worlds economy will go down, because no one will trust the paper these lying, lazy, lawyer, Harvard, Yale political pukes print dead president on. And then, no one will buy cars, no one will build cars, because the one thing that glues us together, and lubricates everything everything at the same time, is paper money, and it will be worthless. We already have had real, hard, no fooling around shots across the bow in the bond markets, gold markets, Chinese Treasury.