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[bob ford <bobford79 AT yahoo.com>]

That last sentence is what the Chairman at GM said Friday, on CNBC, when they 
were begging for money.  'You aren't doing this for us , you are doing it for 
yourselves, for the economy'.. It's all garbage.  Let Toyota, VW, and Honda 
continue to build U.S. plants with american workers making cars that 
customers desires.  

The auto industry has had terrible management & worse Unions for years, both 
have always been politically corrupt.  No money should go to another single 
industry.  The bank bail-out should not have happenwed, but, it's purpose was 
supposed to be to free up credit and allow all worthile business to remain 
solvent.  Once again, the gov't wants to reward failures and losers at the 
expense of hard working productive people.

Let the workers move away from cesspools like Detrioit, and go find work at a 
Toyota plant, if they want to build cars.  The management of the companies 
and the unions can go to h*ll  .  Next , they will be bailing out the 
cardboard box business, and the doughnut shop business .  It is all garbage.  
If Obama wants to be a real leader he will tell the Dems to back down and sit 
quietly.  It's all up to them, now................bobford


-----------------------------------------------------------------------


--- On Mon, 11/10/08, Don Bowen <don.bowen AT earthlink.net> wrote:

> From: Don Bowen <don.bowen AT earthlink.net>
> Subject: [Homestead] General Motors is worth nothing
> To: homestead AT lists.ibiblio.org
> Date: Monday, November 10, 2008, 12:27 PM
> http://blogs.wsj.com/marketbeat/2008/11/10/deutsche-bank-gm-is-worth-nothing
> /
> 
>  
> 
> "They believe the company does not have the cash to
> fund its operations past
> December, though Mr. Lache believes the government will be
> "compelled to
> participate" in some kind of loan package for the
> company, for without it,
> "it would precipitate systemic risk that would be
> difficult to overcome for
> automakers, suppliers, retailers and sectors of the U.S.
> economy.""
> 
>  
> 
> Don Bowen  KI6DIU
> 
> http://www.braingarage.com/Dons/Travels/journal/Journal.html
> 
>  
> 
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