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To: TenthAmendmentChampion
I just heard on the radio that Ford is announcing some sort of shut down too...less severe than the one for Chrysler. (I just caught parts of the announcement)

The White House is to announce a plan for the Big-3 on Friday.

39 posted on 12/17/2008 3:05:10 PM PST by blam
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To: blam

They’re dead. It’s bad enough no one’s making loans. Add to that the specter of bankruptcy, voided warranties, and defunct parts suppliers and it’s not surprising that sales are off the cliff. But the killshot is going to come from the privately-owned, used car market. This is going to erupt in 2009 as households raise cash to pay off debts or offset job losses. Good vehicles are going to be sold dirt cheap and destroy what’s left of the new-car market.

A bailout is absolute madness. The may as well ignite all that cash on a bonfire and invite the public to toast marshmallows.


56 posted on 12/17/2008 3:20:58 PM PST by Rutles4Ever (Ubi Petrus, ibi ecclesia, et ubi ecclesia vita eterna!)
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