[cjwolverine]

LOANS are great when people pay them back. Unpaid LOANS is what got us in this mess. What I gather many are saying is that Bankrupcy now without a loan saves a bad loan from happening. The fear is that the loan is given and bankruptcy happens anyway and the loan isn't paid back which is obviously worse than the loan never happening at all. I think we all know its a LOAN, the question is the ability to pay it back. Those who have posted against the bailout have fears that without major changes, GM can't pay it back. Yes they have made strides, but bandaids don't work on cancer.

Do you trust that the people running the show can turn it around? If so great. I for one live right down the road from Bob Lutz. I get to see him fly his fighter jet on joyrides over my house, over the golf course and all over Ann Arbor nearly every weekend in the summer. It probably costs $10k in jet fuel just to get it off the ground. Don't blame the fat cats on Wall Street. There are some pretty fat cats in Michigan on Jefferson Ave. who have run this company into the ground while they pad their wallets.

If they are burning 2.5 billion per month now, what indication do you have that they will stop burning it when it's in the form of a loan? Don't fill lots full of cars people are not buying and then tug on our heart strings to do the right thing and buy American. Whether or not the quality is there (we can debate that forever), they are making too many. Supply and Demand is the easiest equation around and yet the largest company in the world can't get a handle on it. We either don't want to buy your cars, can't afford to buy your cars, or want to buy your cars at a lower cost. Any way you slice it, you have made too many cars for us to absorb. Too many people are working at a wage far exceding the value they are adding to the car, and too many executives are flying in jets the company can't afford.

I agree the consequences would be terrible, but the excess finally caught up with them. If the union was dissolved and people rehired at a reasonable wage and were accountable for their actions they may have a chance. So can they pay the loan back? That's the real question.

Sorry for the long post. I'm still hear to learn about the V. I hope things look better next year. I'm a little afraid to buy one till some of these questions are answered.

No disrespect intended Tony, I'm just adding to the debate. I don't have enough info to guess what may happen. I can only watch and see how it plays out. I hope they are around. I hope it works out. And I hope to have V in my driveway when the snow melts in Michigan next spring.

cj