Quote:
Originally Posted by Rochard
Interesting comment really.
The big three has a long history of inefficiency and even arrogance. I have a book written by Lee Iacocca that tells wild stories about how the execs at the big three used to fly in shrimp from Japan on a private jet for them to eat lunch in rooms with white gloved waiters.
I think a huge part of the problem is healthcare - specifically for their retirees. How many people get benefits from the big three after they've retired? USPS has the same problem. The US military would have it too if it wasn't for the VA.
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healthcare yeah ok but the real smelly turd in the room is the retirement packages.
actually i personally believe Obama should have left GM to go under.
i dont believe in any of the bail outs, none...
all short term fixes but since Presidents are only around for 4 - 8 years, he wont feel the effect of the bail out cost, his kids might though; as in being fiscal slaves to the Chinese.