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  • Wall Street Breakfast: Must-Know News [View article]
    Auto bailouts/loans:
    It's difficult to justifying putting money at risk when the recipients are adamantly & defiantly oppossed to making the "obvious" changes required to the business model.
    Managements have a history of wrong decisions and weakness when negotiating with labor unions.
    UAW has a history of strong arming & threatening, to gain "unreal" concessions, which are economically non-competitive.
    They together have built a monster than cannot be tamed, so the only alternative to their irrational and insane behavior is regrettably to
    ALLOW IT TO DESTROY ITSELF...............

    The Phoenix rose from the ashes...........so can US auto industry.........
    but only with a different paradigm & players............

    Einstein defined INSANITY as "doing the same things over and over, then expecting a different result!
    Nov 20 08:28 am |Rating: +2 0 |Link to Comment
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