Atlast General Motors files for bankruptcy protection
- Pfft... Whatever makes you feel all grown up The 24 year olds I work with are still kids. If you're as childish as a kid, you're a kid06-01-09 08:49 AMLike 0
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- US manufacturers for years refused to make cars that can compete with Toyota or Honda and Nissan. And because of greed and old thinking this has destroyed this industry. I for one don't want to keep putting money into a bottomless pit.
Posted from my CrackBerry at wapforums.crackberry.com
If gas hadn't skyrocketed out of sync with inflation over the last five years the pains being experienced by all automakers would not be happening, or certainly would be less than they are. Gas went from an average of less than $1.50 gallon to over $3.00 a gallon 21 months later, and has averaged between $2.50 and $3.00 ever since.
As for bailouts, bankruptcies, etc., here's something to think about:
The US used to make everything and sell it to the world steel, electronics, appliances, cars, textiles, etc. In the last 40 years, we have let corporate philosophy focus on cost and cheap labor at the expense of jobs and actually being able to make things. If we had just let GM and Chrysler go under, we would be come the worlds biggest leach. We make nothing, but buy everything from other countries.06-03-09 06:30 AMLike 0
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Atlast General Motors files for bankruptcy protection
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