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

[LarryT (l02turner]

you wrote:<<GM would be DEAD, Chrysler DEAD, end-of-storyize >>

Wow!  Those are pretty specific  predictions - can you give me the
numbers for the next lottery?

IMHO, some dealers would fail, others would downsize and others would 
prosper.  IOW, business as usual.  The current administration is using the 
present crisis to push it's own agenda.

As it is now, 1100 (or what ever the # was) would become used car dealers or 
close completely - which is more likely given their that financial pants are 
around their ankles, what with inventory loans, overhead and long term 
expenses that would put the nail in the coffin.

As it is, the govt - has *absolutely* no business being involved in the 
ownership of private enterprise.  Don't believe me? read the Constitution. 
Don't get me started on the govt owning so much real estate -

LarryT


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----- Original Message ----- 
From: "Jim Conforti" <lndshrk [at] xmission.com>
To: "Larry Turner" <l02turner [at] comcast.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Tuesday, May 26, 2009 1:10 PM
Subject: Re: [Ferrari] Interesting article on a previous topic


> 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
>
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