How many people will actually run out to buy/lease a car in the next month if W decides to pull the trigger on this "loan?" I would suspect not many since most are worried about their jobs and their mortgage.
The plants are idle due to the Holidays, and GM has suggested a shutdown through January. I suppose this is a step in the right direction, but what do they and the other two do after the shutdowns? Spend more money and build more cars that no one is buying? They have unfortunately more product on hand then they can move, they should have seen this when they have had to place so many incentives on their vehicles just to move them off their dealership lots to make more room for the vehicles rolling off the lines or to move them off their off-site storage facilities. Stop the madness, what happened to matching your supply a little closer to your demand?
Guess what, if you have a product that someone truly wants, they will wait. Ask MicroSoft with their XBOX, or Sony with their PS3 or Nintendo with their Wii. Not happy with that analogy because it is not a car, try Honda or Toyota, people wait for their product? Don't like that because they are Japanese brands, which oh by the way employee Americans here on American soil, then what about BMW and their Mini Cooper, they had waits of over 4 months this summer.
The bailout needs to force a change in operations, but sadly it means to loss of jobs of many. A bailout and status quo only delays the inevitable.
~the pulse beats on
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