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Bailout maybe...but with strings attached

November 3, 2008

Analysis of:Chrysler makes a poor fit for GM | www.freep.com

There is no question that if both GM and Chrysler are allowed to totally fail it would add match and fuel to the downward trajectory of our economy. Thousands of unemployed workers, pension and medical payments reduced, huge enemployment and welfare expenses, etc. There is also collateral damage, i.e., tens of thousands of additional layoffs at vendors, dealers across the country. We have already become indebted to the Chinese through bond sales and sold equity pieces of our financial industry to Asian, European, and Middle Eastern controlled entities. Now we can't to allow the stalwarts of our auto and eventually airline industries to be abandoned as well. This has been the plan of those who would if not been our enemies, at least been our competitors for more than a decade. We certainly cannot be defeated militarily (at least not while we spend what is left of our debt ceiling on war plans). They defeat us by letting capitalism and market freedom gone wild collapse on itself.

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