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Jul 22nd, 2008
intensive driving said:

The trouble with aid like this is that the money tends to end up in the pockets of the CEO and the board rather than the workers or R&D… whilst cynical I’ll be very happy to be wrong.

Jul 23rd, 2008
Matt said:

A few years ago GM was looking to put GMAC as a separate company. If they were to do so, the auto manufacturing arm of GM would be bankrupt. Bankrupt primarily due to the high wages and benefit packages costs to the UAW labor. I’m not about to say what the solution is, as I don’t know, but I don’t think any government aid is going to help when you have health care costs rising by double digits and employee wages above the industry average at non UAW shops.

Aug 7th, 2008
Matt Keegan said:

I’m skeptical of this type of plan because it is money that will not be returned to the American taxpayer. Instead, I’m fine with a plan where loan money is extended, with the requirement that they be repaid and at a fair interest rate.

Aug 7th, 2008
Vlad said:

True, but unfortunately, due to the large workforce involved, I think these plans are necessary.

Jan 8th, 2009
Uncle B said:

It depends . . . do they continue building the same old crap, or will they wise up and move on! Americas days gone by have done just that . . . gone by! and Post (GRD) great republican depression folk won’t want relics from the 1980’s on the car lots. American car builders will have to smarten up or die on their own swords!

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