Originally posted by bigMoneyRacing: One of the things that was brought up on Autoline Detroit a few weeks back was GM filing bankruptcy to get out from it's retiree costs. Let the Fed pick up the burden. They hypothesized that if GM did it then FoMoCo would have no choice but to follow suit. That'd be one way of pumping billions into the system.
If I was an american tax payer that would piss me off to no end. A company's failures should not be the burden of the taxpayer no matter what.
Maybe it's time for a degree of univ. health care, or at least the gov't covers you and you have to pay it back sort of deal. It might be time to discuss the issue again in the states, and saying its closer to communism isn't an excuse.
Besides, with all the incentives, 0% financing, rebates and offers they give, are they really being hampered by pension payments ?
It just seems like a substandard product being pushed and nobody's buying anymore.
