Comments on: GM needs bankruptcy, not a bailout

By: twells89

twells89 — Wed, 28 Oct 2009 16:28:29 +0000

What I think is we should not focus on a market that seems to be failing. We have this sense that if the car industry fails, that our country will fail. Well if you look back in history, during the depression we bailed out the farmers. Well did we need 40 percent of the United States as farmers? NO!! We should of put money to new and upcoming markets, such as IBM which had fairly cheap stocks. Farming became too profecient and we could afford to not have 30 percent of the 40 percent not in the field. We are a little ignorant to the fact that we cannot give up past times. Lets devote money and resources to new energy, new industry's that have a plan for a new type of efficent vehicle. Just my opinion.

By: burtf51

burtf51 — Fri, 07 Nov 2008 19:09:57 +0000

As far as GM producing what consumers demanded.....hogwash. This is akin to giving a spoiled brat everything they want. I wonder how many millions GM spent on the development of their new muscle car (Camero)? Their living in the past ideology has produced a grim future.

By: Election Day Round Up « MANSIZEDTARGET.COM

Election Day Round Up « MANSIZEDTARGET.COM — Tue, 04 Nov 2008 15:21:49 +0000

[...] made up on whether a GM bankruptcy would be a disaster or a salutary measure of austerity, but this author makes a good point about how banks and big companies are quite different. While bankruptcy is [...]

By: M&A by ARS CORPORATE - fusiones y adquisiciones » Blog Archive » Evening Reading: Barclays and the Price of Freedom

Tue, 04 Nov 2008 09:52:35 +0000

[...] Fox over at the Curious Capitalist thinks GM needs bankruptcy, not a [...]

By: Auto Sales Drop, WTF | B Frank

Auto Sales Drop, WTF | B Frank — Tue, 04 Nov 2008 03:19:56 +0000

[...] points to Justin Fox at Time, who a few days ago argued why big American automakers should file for Chapter 11 [...]

By: Automakers still can’t get their act together. | The Unspun Zone

Automakers still can’t get their act together. | The Unspun Zone — Tue, 04 Nov 2008 02:57:57 +0000

[...] lay in it. In a blog post titled “GM needs bankruptcy, not a bailout” over at TIME, Justin Fox said: We have a well-developed process for helping companies in distress fend off creditors and [...]

By: What Guru’s are Saying : Write-Offs: 11.03.08

What Guru’s are Saying : Write-Offs: 11.03.08 — Tue, 04 Nov 2008 02:28:03 +0000

[...] GM needs bankruptcy, not a bailout [Time via Deal [...]

By: Evening Reading: Barclays and the Price of Freedom | Wall Street

Evening Reading: Barclays and the Price of Freedom | Wall Street — Tue, 04 Nov 2008 00:05:38 +0000

[...] Fox over at the Curious Capitalist thinks GM needs bankruptcy, not a [...]

By: Terry Thompson

Terry Thompson — Mon, 03 Nov 2008 22:28:07 +0000

We are to blame also. The big three sold us exaxtly what we wanted to buy, so no whining about the lack of fuel efficient cars by the American big three. They have always been there, mainly forced from goverment quota's (CAFE standards) not because they thought they could make money selling cars to the buyers clamoring for small cars (not).
It's what is called a free market, goods get produced for what people want to buy, so if there is a product(big SUV's)that people really want to buy and will pay a premium for, that is whats gets made and those are the factories that get invested in because that is where money can be made, the only reason any capitol intensive industry gets money to build factories. All the good small cars are made for foreign markets because that is what is in demand there. A number of them are being brought over here, unfortunately, I think they will fail in the market place since the brief gas price spike that brought on a lot of this mess is over and stupid Americans won't buy them.

By: Deal Journal - WSJ.com : Evening Reading: Barclays and the Price of Freedom

Deal Journal - WSJ.com : Evening Reading: Barclays and the Price of Freedom — Mon, 03 Nov 2008 22:19:39 +0000

[...] Fox over at the Curious Capitalist thinks GM needs bankruptcy, not a [...]