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Mitt Romney's NY Times Op-Ed On the Automakers: Dead On

pearl2k is right about the Unions. Why the hell should the tax payer fund the lavish pay and pension structure that the auto companies executives agreed with when operations in other countries are doing well with alternate pay and compensation structures? How rediculous are the executives for living lavish lives and holding onto luxury assets (such as private planes) and beg for money? Are they really that stupid?

Reasons to Bail Out GM

Stockpikr - I didn't say that no one wants a GM car, I said VW is experiencing record sales (worldwide) and the way their company is structured allows for the funding of a new manufacturing facility in our own back yard. GM sells more units than VW. Irrelevant! GM seems to be operated by people who are stuck in the 80's. Over the last 20 years, why have a progressively greater number of car buyers chosen to buy Toyota's, VW's and other makes versus GM or Ford? The big three are stuck in the old days of doing business.

Reasons to Bail Out GM

Make sense... The automakers did help the US in WW2. It was their ethical obligation to support their country (as they had the immense infrastructure already in place) however supporting the American way of life was also in their best interest, as it preserved the environment which allowed them to profit for so many years after the war.

Reasons to Bail Out GM

How is it that Volkswagen has enjoyed record sales (even in the U.S.) which has prompted for the construction of a new manufacturing facility in Chattanooga, TN? (Their SUV's are even selling well) This will inject well over $1 billion in the American economy. The big three need to design and build vehicles that are desireable. How can anyone's business do well when people don't want to buy their product? I don't mind giving the big three $$ assistance, but what assurance will the tax payer get that they'll produce something that people will want to buy?