Chevy and Chrysler what can be done

[OvenMaster]

Originally Posted by kretinus

...the end result being a nation where the wealth is now held by 1% and the other 99% slaves to those who hold the wealth.

Seriously, I get the impression that this is the eventual goal. Conspiracies abound about world governments. Bilderberg Society or CFR, anyone?

Intelligent people acknowledge the blunt fact that we as a nation and most likely a planet are bankrupt. The kitty is empty. The vault is bare. Our debts far outweigh our abilities to ever pay it back. It's not a matter of liquidity, but solvency. And so on.

Now, back to the OP's question. Chevy and Chrysler, what can be done.

Dozens of US carmakers vanished in the Depression. Chevy (GM) and Chrysler need to be drastically downsized to match their respective share of the auto market. Yes, it will hurt. But this isn't the 1960's anymore. They have capacity far in excess of what the market will support. But they need to realize that as taxpayers and forced shareholders, we will not give them a blank check to get them on their feet. The problem is that IMHO we've already given them far too much money.

Poorly run businesses simply do not deserve to continue. Ford saw this coming and started closing plants years ago. GM and Chrysler stuck their heads in the sand and denied reality and kept dreaming of the past, aided and abetted by stockholders who agreed with their unrealistic views. Time to pay the piper.