For all those suggesting bankruptcy as an option.
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By the time chapter 11 proceedings are complete... these brands would be utterly destroyed in domestic and global terms. Any corporate marketing analysts will tell you... once a brand has been destroyed... it TAKES MORE THAN A DECADE TO REGAIN CONSUMER CONFIDENCE AND TRUST.
The American automakers are doing well overseas... why?... because they have been forced to build and supply ENERGY EFFICIENT VEHICLES.
BY FORCE INJECTING OBAMA'S GREEN VISION ON THESE WAYWARD BEHEMOTHS... WE CAN SAVE THE COMPANIES AND THE GLOBAL ECONOMIC MARKETS FROM WHAT MOST ECONOMISTS PREDICT WOULD LEAD TO TRIGGERING A GLOBAL DEPRESSION. Even if this assessment is only 50% likely to be correct... that is not a chance worth taking.
MILLIONS of American jobs are intimately connected to the auto industry.
Additionally, no one will buy a car from a bankrupt company.
Case closed.
700 billion for white collar Wall Street and not even 14 billion to save millions of blue collar jobs here at home? Stop smoking crack and get better informed before spouting off your union-busting, depression instigating swill here.
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