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I don’t like it either, but other countries subsidize their businesses too, or so I understand.
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The U.S. isn’t, nor SHOULD it, be like ‘other countries’. We’ve got a ‘controlling doc’ that specifically dictates otherwise (course, that was when it WAS followed).
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I’m torn anyway. I’m as mad as anyone else here about the bailouts and especially about screwing the bond holders, but I don’t want to see GM go under either.
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Why? What makes GM so “special”? I’m sure Honda, Toyota, Kia, hell, even Tesla, would enjoy buying up the tech, machinery and know-how should they go under.
They're an American company. We're down to two major auto manufacturers, three if you want to count Tesla. Given a choice, I'd rather GM survive.