View Poll Results: Would General Motors Be Alive Today Without Government Help?

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  • YES (please state how)

    9 31.03%
  • NO, the assets would be liquidated.

    20 68.97%
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Thread: Would General Motors Be Alive Today Without Government Help?

  1. #31
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    Re: Would General Motors Be Alive Today Without Government Help?

    I think that GM was "too big" to allow for a failure.
    Far too many innocents would have been hurt - so who needs this ??
    I also think that President Obama did the right thing.
    And Romney would have done the same if free from the right wing tea bagging conservatives.

  2. #32
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    Re: Would General Motors Be Alive Today Without Government Help?

    Quote Originally Posted by Porchev View Post
    They would have been better off if they reorganized without government help.

    GM should look toward Honda for reorganization tips (as mentioned in this video):

    GM should have reorganized 50 -100 years ago, rather than living in the past.
    Yes they can ( with an attitude change), learn from more advanced nations (Germany, Jappan, others ?)..And companies such as Toyota, Honda, even Saab..
    But, of course, the ghost of Wilson is still around.
    "what is good for GM is good for the nation"...
    So, our government had to do the bail out...

  3. #33
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    Re: Would General Motors Be Alive Today Without Government Help?

    Quote Originally Posted by pbrauer View Post
    Since there are plenty successful car companies, what would be the reason to restructure GM be?
    Because the board and management must have thought they can continue to be competitive.

    Quote Originally Posted by pbrauer View Post
    Why not sell the assets and be done with it and close shop altogether? What's the impetus to restructure?
    Obviously, their debts did not exceed their cash, potential cash made from the sale of parts of the company, and probably a hundred or more other reasons.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  4. #34
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    Re: Would General Motors Be Alive Today Without Government Help?

    Obviously, their debts did not exceed their cash, potential cash made from the sale of parts of the company, and probably a hundred or more other reasons
    It's pretty difficult to find individuals with the capital or credit(since banks weren't really loaning!) to purchase parts of the company. Yes...in a normal economy they could probably find individuals that wanted portions of the company but we're talking about a period in time when those that had the means to purchase or loan money were shoring up their own accounts.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  5. #35
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    Re: Would General Motors Be Alive Today Without Government Help?

    Quote Originally Posted by lpast View Post
    Let me just say this...Mitt Romneys campaign last week...stated QUOTE....Obama took Mitt Romenys idea to save General Motors...meaning it was romneys idea to bail them out...
    In truth, I doubt very much if Obama used any of Romney's "ideas".
    But that is not to say that his advisers have not done this.
    And the bail-outs are an old idea anyway.
    And its very debatable that the UAW is to blame.....I think this is anti-union propaganda from wealthy conservatives.

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