Re: [Amc-list] Big 3

[Joe Fulton <piper_pa20@xxxxxxxxxxx>]

I agree and there is already a precedent for these loans.  Iacocca (not our favorite AMC guy I know) got loans for Chrysler in the late 70s and paind them back early.  Let the government "supervise" the spending of the money loaned to the BIG 3 but make the loans and keep them solvent.  All three are on the verge of producing cars with new technologies.  Yes, the played around with SUVs and trucks too long but the pieces are falling in place to produce the e-friendly cars most of America needs.  

It just made sense for Ford to keep developing the F-150 when they could make an average $9000 profit per truck rather than the average $900 per car profit for a Focus.  Now they have to shift gears.

Joe Fulton


--- On Wed, 11/19/08, Bruce Griffis <bruce.griffis@xxxxxxxxx> wrote:

> From: Bruce Griffis <bruce.griffis@xxxxxxxxx>
> Subject: Re: [Amc-list] Big 3
> To: "AMC/Rambler owners, drivers and fans." <amc-list@xxxxxxxxxxxx>
> Date: Wednesday, November 19, 2008, 8:22 AM
> I am not a free market kind of guy in any way, shape or
> form. We just
> need to look at child labor at the start of the last
> century, at coal
> mining pre-union, and at manufacturing pre-union and
> pre-regulation.
> Or look at the financial services markets now. Or look at
> lives saved
> due to better brakes, seatbelts and crumple zones.
> 
> I think a nation needs to be able to provide food for
> itself through
> farming, and provide tools through manufacturing. A mark of
> an
> industrialized nation is it's ability to create tools -
> and we all
> know what has happened to machine shops and tool and die
> shops.
> 
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