So the real reason they're facing bankruptcy


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Posted by chewie on Tuesday, December 16, 2008 at 00:27:01 :

In Reply to: How is providing them with a bailout going posted by 48PW on Monday, December 15, 2008 at 21:48:55 :

is that people are not buying cars, period. Foreign or domestic. It's not so much that there is something wrong with what they are building, it's that people quit buying. WHY?
As a member of the UAW for 12 years (with John Deere) now, I hate to give Rush any credence, but I think he hit it on the head when he suggested that Uncle Sam just buy $25B worth of vehicles to bail them out. (At $35K, that's 714,000) That would solve at least three problems!



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