Originally Posted by divisionbell77
Saying it again does not make it or you correct.
Some plastics manufacturer goes under? It parts suppliers. They supply everyone. Its not one either, its numerous.
GM and Chrysler go under, numerous parts manufacturers goes under as they no longer have the orders to continue business. Those same parts manufacturers also are a supplier to Ford. Now Ford can no longer build cars, they then go under.
You have zero idea at how tied together parts manufacturers are to all of the big three.
What you seem to not understand is the government never forced this, they begged for it. That's how bad it was. No bank was offering up loans to them. None. Do you think they wanted to beg the government instead of do it via loans from banks?
You seemingly have read Romney's 'Let Detroit Go Bankrupt' and think it is factual. The vast majority of it has been proven incorrect by independent fact checking.
Stop with the regurgitated liberal nonsense already.
The federal govt has no place in private business. It is not up the federal government to pick and choose which companies it deems worthy of saving under the roose that it's for the greater good unless Uncle Sam steps in. What you and your liberal minded friends fail to understand is that bankruptcy is not the proverbial nail in the coffin for a company or their suppliers. The bail-out did nothing but salvage the union's grip on a company that is barely afloat even today thanks to the parasitic unions. It's like de-ja-vu all over again...
GM would continue to make/sell cars while in bankruptcy either with existing suppliers or new suppliers that would rise from the dust. You’re either blind or naive, or maybe it's a little of both if you think this was about "bailing" out GM to prevent them from going out of business. Get real man...