The auto bailout (loan) issue is bigger here in Michigan the start of WWII. The newspapers here have huge headlines trying to influence anyone and everyone; after all, they will die when the auto companies die because no one will be reading or paying to read, them. That is the problem; everything here in Michigan is somehow tied to the auto industry.
The hospitals have started laying off personnel expecting much fewer patients since most patients had health insurance from the Big 3; people without health insurance just don’t go to the doctor. Restaurants are already closing and so are all sorts of retail stores; everyone is scared to spend a penny IF they don’t have to.
Yes, I do understand the dire consequences of the auto companies going bankrupt BUT every one else here does not understand that the quicker they do, the sooner we all get better. Some Senators were even suggesting that they will be willing to fund the bankruptcy. If you don’t know much about that it has to do with loans that are made to the company to keep it going while they restructure. No bank will give the auto companies a loan no matter what the circumstances so the FED will have to give the money allowing the auto companies to restructure. This makes perfect sense; why is no one listening.
American people will NOT give the auto companies a loan no matter what they promise to do; they just don’t trust them or the unions. They will give them money to restructure under bankruptcy protection – just listen and go along with the plan that is realistically available and not keep trying for something that is NOT AVAILABLE.
I read that GM has a bankruptcy plan in the works and will have to use it by the end of the month. Maybe once GM makes a move, the rest will follow.
My receptionist’s husband who works for Ford taking care of their airline fleet is OBVIOUSLY now out of a job. Another employee told me her husband’s salary has been cut in half; he too does something connected with the auto companies. I understand the pain and therefore I urge action; sensible action that is realistic and that can work, just stop hoping to be bailed out of your “UNVIABLE” business model; you need to die to be resurrected.
The hospitals have started laying off personnel expecting much fewer patients since most patients had health insurance from the Big 3; people without health insurance just don’t go to the doctor. Restaurants are already closing and so are all sorts of retail stores; everyone is scared to spend a penny IF they don’t have to.
Yes, I do understand the dire consequences of the auto companies going bankrupt BUT every one else here does not understand that the quicker they do, the sooner we all get better. Some Senators were even suggesting that they will be willing to fund the bankruptcy. If you don’t know much about that it has to do with loans that are made to the company to keep it going while they restructure. No bank will give the auto companies a loan no matter what the circumstances so the FED will have to give the money allowing the auto companies to restructure. This makes perfect sense; why is no one listening.
American people will NOT give the auto companies a loan no matter what they promise to do; they just don’t trust them or the unions. They will give them money to restructure under bankruptcy protection – just listen and go along with the plan that is realistically available and not keep trying for something that is NOT AVAILABLE.
I read that GM has a bankruptcy plan in the works and will have to use it by the end of the month. Maybe once GM makes a move, the rest will follow.
My receptionist’s husband who works for Ford taking care of their airline fleet is OBVIOUSLY now out of a job. Another employee told me her husband’s salary has been cut in half; he too does something connected with the auto companies. I understand the pain and therefore I urge action; sensible action that is realistic and that can work, just stop hoping to be bailed out of your “UNVIABLE” business model; you need to die to be resurrected.
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