Do you think government's restructuring plan for GM is a good idea?

  • Thread starter Thread starter Jerry H
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Jerry H

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The government's plan of splitting the company between winner brands and loser brands is a good idea. The loser brands will die off under brankruptcy as customers are naturally scared away. But at least it will not drag down the winner brands all under one name "GM" because it will be another company entirely that's not under bankruptcy. Only downfall is that the new company will be financed by taxpayer dollars - so you have government loaning to a private industry - taking all the risk!

My thing is why didn't GM get rid of the loser brands before? Those brands were operating under losses for years! Including Hummer, Saturn, Saab, Pontiac, Daewoo, etc.
 
nope, its scarry actually, because intervening in private enterprise is one of the main characteristics of socialism/communism
 
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