And I grew up there! I have watched that entire industry and culture go from a world leader to the decayed hulk it is today in less than fifty years. Throwing government (read taxpayer financed bonds sold to China) money at it is pretty much a disaster. Time to bite the bullet and bankrupt the whole damn thing. It will make a horrific mess in the short term but the potential for a rational reorganization of our domestic auto industry in the long term may well be worth it. The UAW, the supply chain and the dealership structure all need to go away as they are outdated and are all contributing factors to the current situation and a structured bankruptcy is the only way to break the back of the entrenched guardians of an outmoded way of doing business.
My grandparents are probably being thankful that they are long gone, they went through the big one in the 30's and told me stories as a kid..... Maybe my turn to get old and live on stone soup?
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