Ferrari Mailing List: Re: Interesting article on a previous topic

[Jim Conforti (lndshrk]

At 10:50 AM 5/26/2009, Michael James wrote:
> I was referring to the initial situation prior to the bailout fund 
> offerings - whereas, the Govt. does absolutely nothing, and 'the 
> marketplace' decides whether you live or die.  In such an 
> environment, GM would be DEAD, Chrysler DEAD, end-of-story.

  Actually they wouldn't be.

  They would have filed Chapter 11, gotten RID of the unions
  weighing them down, and reorganized.  Some brands would have
  gone, some stayed - in the end - the exact same thing that is
  going to happen NOW - MINUS:

  1) Government "control"

  2) Taxpayer dollars en masse.

  Something ALL the big government socialist liberals fail to comprehend:

  Capitalism, like the human spirit it's wrought of, and like the
  science of Physics - JUST IS.

  Current Government "intervention" has in fact simply been a massive
  wealth transfer from the stock/bondholders of those corporations
  and the taxpayers-at-large to the UAW.

  Nothing more, nothing less.

  Jim Conforti