Quote Originally Posted by Lyle View Post
If GM responds too slowly adding in government bureaucrats isn't going to help.


No business is too big to fail, this might sting but it's been a long time coming and we need to take our medicine and that way we'll come back bigger, better, and stronger with new products and new ideas. But I suppose that's just too much to ask. Bakruptcy would be cheaper and have a better effect than government interference
Government assistance in the form of loan guarantees worked for Chrysler back in the day, I thought Lee Iaccoca did a great job in improving Chrysler's business model. In that case I think we can say that gov't assistance was a good thing. No reason why that sort of thing can't happen again.

You're right about beaurocracy though, that we don't need. But there should be a way of doing it right. Anyways, we shall see.