Now I know that this is neccessary if the auto industry needs to survived but thought it was pretty 'interesting' when the GM and Crystler asked for another 14 billion from the Federal Govt today.
As I have said before, if you can't survive as a comapny you better shit or get off the pot. If that means go into bankcrupcy than do that but just throwing money at one of these places so they can spend it again doesn't make any sense.
One of the funny things was that GM said that if they got the money they would cut their workforce by 40,000 people
just kind of ironic to think that we have to give them 14 billion dollars to cut the jobs of 40,000 people. These 40,000 people will not be added to the unemployment rolls and thus have to be taken care of through various social programs including unemployment, medicaid, welfare whatrever. So we are paying $14 billion and for this trouble we will have the honor of taking care of another 40,000 people.
By the way I am 100% aware and in complete aggreement that GM has to become a lot more lean and this is the right thing to do just found it funny as this article was posted right next ton another one which stated the job-losses in January 09.
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