Comments on: The First Draft: Friday, Nov. 5 http://blogs.reuters.com/talesfromthetrail/2008/12/05/the-first-draft-friday-nov-5/ Tracking U.S. politics Wed, 16 Nov 2016 03:39:51 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: nick http://blogs.reuters.com/talesfromthetrail/2008/12/05/the-first-draft-friday-nov-5/comment-page-1/#comment-386398 Mon, 08 Dec 2008 12:58:46 +0000 http://blogs.reuters.com/frontrow/?p=14155#comment-386398 Robert, no they shouldn’t. This would just give a green light to them to carry on producing vehicles in the same way and using the same business business model irrespective of reality i.e. the very thing that got them into this situation in the first place.

]]>
By: ginsengjohn http://blogs.reuters.com/talesfromthetrail/2008/12/05/the-first-draft-friday-nov-5/comment-page-1/#comment-386394 Sun, 07 Dec 2008 21:12:57 +0000 http://blogs.reuters.com/frontrow/?p=14155#comment-386394 Look Detroit has been messing up for years so why reward them for failure. If the Senate and the House wants to give them money then take it out of their pay. Dont use my money to reward failure. Dont take this bailout from my paycheck!! John

]]>
By: ROBERT COHN http://blogs.reuters.com/talesfromthetrail/2008/12/05/the-first-draft-friday-nov-5/comment-page-1/#comment-386391 Sun, 07 Dec 2008 18:57:21 +0000 http://blogs.reuters.com/frontrow/?p=14155#comment-386391 Regarding the GM problem.

Could the government just buy unsold cars and other production, such as school buses, ambulances, fire trucks, and just give or sell them at a steep
discount to States and municipalities. At least the government would get something for its money and the country would benefit.

Also, since GM manufactures a great deal of military
equipment, the Defense Department could release contracts
early to give the company a financial boost.

]]>
By: Andrew Franks http://blogs.reuters.com/talesfromthetrail/2008/12/05/the-first-draft-friday-nov-5/comment-page-1/#comment-386389 Sun, 07 Dec 2008 18:29:28 +0000 http://blogs.reuters.com/frontrow/?p=14155#comment-386389 The industry should NOT be bailed out. The companies should be sold to the employees with repayment over time to the Feds, who will finance the deal. Upper layer and top management should be fired. While this deal is taking place, the homes of the employees that are in foreclosure should be halted. When the deal is complete home financials should be rewritten to current apparaisals with the Lenders taking the differential as a writeoff. If the Lenders won’t cooperate pull their Business Permits. Further, wwhen the deal is complete, shareholders have the option of straight trading their stock for new shares in the employee held operation. Dealer population should be reduced to one half its current size over time. Current inventory held by dealers should be sold at half price with some of the remaining merchandise donated to people without transportation to get to work. Any losses, again, written off. The Government needs to take a hit for lousy leadership. So they get it on the tax side. In two years or less the industry will prosper. What’s required here is common sense and strong leadership, not lobbyists, lawyers and rudderless chief executives.

]]>