Yes, but they are cutting production not

Posted by 48PW on Monday, December 15, 2008 at 21:12:04 :

In Reply to: Problem IS industry wide posted by hemimech on Monday, December 15, 2008 at 21:00:51 :

Yes, but they are cutting production not asking for a bailout.

That's what happens in an economic downturn.

To surive GM, Chrysler and Ford need to cut excess capacity not create "Job Banks" for idled workers or provide "cradle to grave" benefits packages.

We live in a new economic reality, time to adapt or die.

Follow Ups:

• You need to get up to speed... - MoparNorm 21:18:44 12/15/2008
  • How is providing them with a bailout going - 48PW 21:48:55 12/15/2008
    • So the real reason they're facing bankruptcy - chewie 00:27:01 12/16/2008
      • The most sense I have heard yet - Clint Dixon 12:34:07 12/16/2008

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