[QUOTE=Darth Vader;2797136]they should be allowed to fail. but BTW, GM isn't too big to fail. not even close.
govt should commit to retrain the employees. let entrepreneurs develop a new paradigm. [B]it may take time, and some pain.[/B]
but it should be a new dawn when the weeds are mowed.[/QUOTE]
That should really be our new motto. It's going to take time and it's going to be painful, but we're going to fix this son of a *****. Because that's going to be what it takes to fix the economy on all levels, but no one wants to hear it.
People are so afraid of restructuring in this country to the point of detriment. We're grossly inefficient because we aren't fluid and adaptable.
[QUOTE=frostlich;2797125]Makes you wonder about GM. [B]Are they one of those that are "too big to let fail?"[/B]
What lies in store? Break up the divisions? Cease to exist(as in dead parrot)?
Out of the big 3, they are by far the biggest. Crazy times.[/QUOTE]
No. Not in my opinion and not in these times. If you back 20 or 30 years ago you might have seen the government step in because of all the jobs that would be lost and the military risk (remember, during times of war some companies were transitioned to manufacturing for the war effort). But now, in these times, with what's happening I think GM would be allowed to fail or assisted simply in a sale of itself to anothe automaker or broken up. The banks are being assisted because they pose systemic risk to the economy. The failure of banks unwinds everything but the failure of GM would just mean fewer cars and one less automaker. It doesn't cause people to lose their deposits or not find a place to get a college loan for their kids.