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Old 12-30-2008, 07:32 PM
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RLSH700
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Default RE: Read Chrysler's proposed bailout plan

It might help slightly in the short term, but history shows that this will probably not work in the long run. The danger of what is being done is it could cause a repeat of the hyperinflation that plagued Germany pre-WWII. If you put too much money into the economy, it becomes worthless if people do not perceive an agreed value in the currency. I think it is way too early to say we are out of the red. Although some factors that were hurting the economy have been temporarily resolved, other factors have not been resolved yet. The Big Three have got to cut down on their costs. Some of these labor practices are just ridiculous. The executives also need to understand the difference between a necessity and a luxury. Some of the suppliers need to look more diligently at becoming more efficient to lower expenses. Chrysler needs to get out of these deals that Daimler put them into as they are getting inferior products and paying a premium for. You cannot survive if you have to pay a higher price than your competition for an inferior product. It just doesn't work, nor does it make sense. These banking laws need to be changed and some of these practices from the Government need to be adjusted or disposed of. On top of this, some of these regulations that the Government puts on the industry need to be disposed of so then building a car isn't so darn expensive. The steps to fixing things is going to be long and difficult, but it needs to be done instead of patching a leaking ship with Duct Tape which is essentially what we are doing.
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