Brian
2010-08-09 10:21:35
Yes, the government should have let GM and Chrysler go into normal bankruptcy. If they shut their doors we’d all be buying Ford’s instead. The demand for cars would not have decreased if these companies had gone away, just like it didn’t go away when AMC et al. shut their doors over the last 100 years. The supply chains would have been disrupted in the short term, but they would have evolved to support whatever car companies took the place of GM and Chrysler (probably Ford would have grown substantially as a result). I can’t see any scenario where these companies will return to profitability. I’m a Ford guy myself, but I would never buy a car from either of these companies now that the gov’t is meddling in them.
