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GM: $12B needed to keep operating ("There isn't a Plan B," - Bail-US-Out or Pay Big-Time)
AP on Yahoo ^
| 12/2/08
| Ken Thomas - ap
Posted on 12/02/2008 5:12:22 PM PST by NormsRevenge
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To: SERKIT
Lets cut out the middleman. If we (taxpayers) are to OK the deal, it will inflate the national debt and require T-bonds to be sold bought up by.....the Chinese. Why not sell the big 3 to China and cut out the middleman?Really.
Option A: US car makers go broke and the industry is taken over by the Japanese.
Option B: US car makers get bailed out and the US itself is progressively owned by the Chinese.
Given the choice, I'd prefer to be owned by the Japs.
To: NormsRevenge
Of course there is a plan B. It's called Chapter 11.
To: NormsRevenge
There isn't a Plan B," - Bail-US-Out or Pay Big-Time)Bail-US-Out Pay Big-Time or Pay Big-Time
Fixed for accuracy.
To: john in springfield
Given the choice, I'd prefer to be owned by the Japs. Works for me - just get us out from being the middle-man. The problem is that China is holding a lot of our debt right now. With Hillary as SoS, look for even more cozy relationships with China given the Krinton's previous Chinese connections.
64
posted on
12/03/2008 5:30:17 AM PST
by
SERKIT
("Blazing Saddles" explains it all.....)
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