slickvguy

Cramer's Stop Trading! (12/12/08) Absence of Panic

I wish peopel would stop looking at all 3 of the so-called "big 3" as one and the same. Ford is in much better shape than the other two. The chances of Ford surviving and becoming a profitable company are much better than for the other two. Aside from the UAW, let's face it...how many car and truck offerings do we really need? There's just way too much supply and not enough demand. It's unfortunate that so many companies are levered to the auto industry - but this MUST change. The free market has spoken. Since when did it become ok to prop up failing businesses with taxpayer money? Why invest in losers - it makes no sense! I would never favour govt getting involved, but if they must, they should be investing in *WINNERS* - not losers. Encourage investment in new and improving markets - not old unprofitable ones.