Thadeus Thornton III

Problems That Detroit Bailout I Doesn't Address

More "expert" poppycock using faulty reasoning and ignoring the fact that Ford and GM were on their to restructuring their businesses over the last 7 years until the grossly overpaid gurus in the financial and banking sectors caused the credit crunch. Don't you realize that dealers as well as the auto makers use loans to maintain inventory just like most other businesses do? Let that dry that up, along with little or no credit for even good potential customers, and the money leaks out of the bottom of the bucket in no time.
Don't start with old Detroit auto companies and the "deep south" crap.
The REAL outrage is the financial sector ( Like AIG, etc) that continues to reward it's hot dog gurus with outrageous bonuses and salaries and no questions asked for $150- $350 - $700 - $800 BILLION. Yes, the "Big
3" could have tried to anticipate the market and get workers to work for less, and yada-yada-yada sooner. But what about the grossly overpaid financial guys at Freddie, Fannie, Lehman Bros. , etc who went bust and got HUNDREDs of BILLIONS with hardly a question and no congressional 3rd degree.
This auto thing is more of a smoke screen to confuse and draw attention away from the greed, stupidity, and irresponsibility of the financial world, and the good old boys in congress who just HAD to help out those buddies! Go back to school. Everything you learned about business and finance was bogus and designed to let run away greed happen like it just did in the financial sector. Derivatives, credit default swaps, what a bunch of rip off BS!