LowRyter wrote:
You know this political rant just pisses me off
Then don't read it.
LowRyter wrote:
2. Chrysler took a bail out like GM. Ford got govt loans. The entire industry was helped. If GM had gone through a lengthy reorg, the suppliers would be at risk from going out of business. This would have effected the entire industry (the Big 3 and all the imports).
Chrysler took a bailout, but it was significantly less unpaid money then GM. By my last count, Chrysler failed to settle $1.3 billion. GM is still on the hook for $21 billion.
Ford took loans, which is not a bailout that left taxpayers out on their butts. The loans were favorable to Ford, but also favorable to taxpayers, in that it is being paid back with interest.
Your theory that the entire industry would have been affected is just that... a THEORY. The people that believe that theory fail to believe that the other manufacturers would have picked up GM's market share, thus employing the same parts suppliers...
