Wonder if they’d prop little old Red Evo up if we fell on hard times. Would they hell!

d

In normal times there would be a chance for the autos to reemerge from bankruptcy, but these are not normal times, now there is no chance.

With the economy teetering on the brink of a serious depression, there is no way even George Bush could allow our largest manufacturing base to fail putting the final nail in our economy’s coffin. While the US and world still most likely will fall into a depression, this move at least buys us some time and gives us a fighting chance.

What amazes me is all the squawking over a $18 billion loan, when we printed and handed the financial sector about $800 billion with very little strings attached.

Yes there was a lack of vision among the big 3, but a big part of the auto’s trouble is the tightening credit markets making it very difficult to get an auto loan combined with the skyrocketing of gas prices during the past few years.

The US autos are not the only ones suffering as they all have seen large declines in sales which will only get worse during an economic depression which will result in even the foreign plants cutting production and laying off workers. http://www.autonews.com/article/20081202/ANA05/812029986