tag:blogger.com,1999:blog-875001767678246171.post6823076710239092931..comments2024-01-07T22:02:50.324-08:00Comments on Double Journey: What Should We Do With GM?Unknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-875001767678246171.post-57056213475966450902008-11-15T06:10:17.000-08:002008-11-15T06:10:17.000-08:00I am torn about bailing out GM. On one hand, our ...I am torn about bailing out GM. On one hand, our government has spent too much money on bail outs in general (I am sure more money will be needed too). On the other, I feel sorry for the thousands of people who would lose their jobs when GM goes down.Myranoreply@blogger.comtag:blogger.com,1999:blog-875001767678246171.post-62988559289701573732008-11-11T09:23:37.000-08:002008-11-11T09:23:37.000-08:00I agree with you... no matter what happens now - b...I agree with you... no matter what happens now - bankruptcy or bailout - customer sentiment toward GM's vehicles will not be very positive (if it is not sour already). <br><br>I also agree that business cycles are good and necessary things that clean markets of inefficiencies and GM, like you said, has horrible inefficiencies. However, I would want to look at the reaches the company has in the commercial paper and financing markets before I would argue they are or are not too big to fail.Andyhttp://www.purpandmoney.comnoreply@blogger.comtag:blogger.com,1999:blog-875001767678246171.post-55388728120613733102008-11-11T10:16:32.000-08:002008-11-11T10:16:32.000-08:00I still can't believe GM has the nerve to ask ...I still can't believe GM has the nerve to ask for a handout. This company has been in a lot of trouble for a while now, long before the mortgage fiasco. Like you said, if no one's buying GM car, pouring more money into this company will not amount to anything. Let's say they get the bailout, what will they do now that will suddenly turn this company around?Paulnoreply@blogger.comtag:blogger.com,1999:blog-875001767678246171.post-24394143585631288652008-11-11T13:08:02.000-08:002008-11-11T13:08:02.000-08:00[...] of course this plan has its problems as well...[...] of course this plan has its problems as well. And, like the GM situation it comes down to one fundamental problem. You can not, over the long haul, create demand for a [...]US Unveils Idiotic Mortgage Plan | Double Journeyhttp://www.doublejourney.com/2008/11/11/us-unveils-idiotic-mortgage-plan/noreply@blogger.comtag:blogger.com,1999:blog-875001767678246171.post-89384103009890879662008-11-18T06:24:41.000-08:002008-11-18T06:24:41.000-08:00You cannot stop the inevitable. If few people are...You cannot stop the inevitable. If few people are buying GM cars, there's no sense in throwing more money into a company that will produce more cars that no one will buy.Kirahnoreply@blogger.comtag:blogger.com,1999:blog-875001767678246171.post-76251206310414364152009-03-29T14:51:40.000-07:002009-03-29T14:51:40.000-07:00[...] While I am certain something could probably ...[...] While I am certain something could probably still be worked out, I am a little surprised with the administration taking a hard tone here. I was honestly expecting the administration to bend over backwards and say any proposal, no matter how lame, was acceptable. No way I thought they might actually asks them to answer the tough questions or that they might actually consider a scenario that would let GM declare bankruptcy. [...]Did Washington Just Grow a Pair? | Double Journeyhttp://www.doublejourney.com/2009/03/29/did-washington-just-grow-a-pair/noreply@blogger.com