7 Worst Automaker Bailout Ideas

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US News and World Report   |  Rick Newman   |   December 2, 2008 12:12 PM


Commence Kabuki.

With the Detroit automakers in the late stages of supplication, a predictable ritual will now take place. The CEOs of GM, Ford, and Chrysler will do as instructed: travel like common men from Detroit to Washington and present the government with new-and-improved restructuring plans showing that this time, they really are serious about slaughtering sacred cows and right-sizing their businesses. Members of Congress will deliver a few lashings about overpaid CEOs and overentitled union workers. Then, in the end, the feds will pony up at least $25 billion--and maybe $50 billion or more, eventually--to help stave off automotive Armageddon.

There are many routes to a Detroit bailout, however, and some go straight through Follyville. Here's how the feds could mishandle the automaker rescue package:

Treat the Detroit 3 all the same.

Read the whole story here.

Commence Kabuki. With the Detroit automakers in the late stages of supplication, a predictable ritual will now take place. The CEOs of GM, Ford, and Chrysler will do as instructed: travel like comm...
Commence Kabuki. With the Detroit automakers in the late stages of supplication, a predictable ritual will now take place. The CEOs of GM, Ford, and Chrysler will do as instructed: travel like comm...
 
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china and other countries that make stuff for the car companies should kick in for the bailout

    Favorite    Flag as abusive Posted 01:04 PM on 12/02/2008
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Take the $25 billion to Vegas and put in on Red...

    Favorite    Flag as abusive Posted 12:55 PM on 12/02/2008

I would be rolling on the floor if it wasn't so sad...

    Favorite    Flag as abusive Posted 12:45 PM on 12/02/2008

Or if you had the reading comprehension skills to understand it....

    Favorite    Flag as abusive Posted 12:57 PM on 12/02/2008
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