Thursday, November 20, 2008

Which American car would you buy?

A friend sent me the following article from the Huffington Post....awesome...gotta love American cars.

"I guess I've rented American cars..."

Last night on Charlie Rose, the talking boobs (i mean heads) were having a heated debate. The guy from the NT Times was arguing for Chapter 11. The Auto Industry Rep was arguing the biggest doom and gloom if we don't give em money. But then he admitted that 25 billion wasn't really enough. And he didn't know what number would be enough. The NY Times guy was explaining that US car manufacturers BY LAW can't afford to stop producing a particular brand IF THEY WANTED TO. There are state laws that make it prohibitively expensive to close dealerships...over a million dollars a dealership. So, if they went into Chapter 11 they could re-organize for less. Hey, if it worked for uh United Airlines, Delta, Northwest, and can work for the auto industry. The airlines got to shirk their debts, screw the labor unions, as well as their their employees, reorganize, and come out of Chapter 11....making lawyers rich in the process. yup, it's a lose/lose situation.

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