i do not want anyone to get me wrong. i am not necessarily for the bailout especially without some changes, but i am trying to say, it is not an easy question to answer. 


--- On Wed, 11/19/08, Kendall D. Corbett <[log in to unmask]> wrote:

> From: Kendall D. Corbett <[log in to unmask]>
> Subject: Re: Auto bailout
> To: [log in to unmask]
> Date: Wednesday, November 19, 2008, 6:27 PM
> The auto industry (specifically GM and Chrysler) is looking
> for at least 25
> billion in aid from the government because their stock has
> lost most of its
> value, and with the credit crunch, companies can't get
> money to retool, and
> people are having difficulty financing new cars.  A lot of
> it is Detroit's
> fault for having invested so heavily in large SUV's
> over the years.  When
> gas prices hit around $4.00 a gallon, sales of SUV's
> plumeted.  There are
> several large auto plants that are closing.  I heard of one
> in Ohio
> yesterday that will close on December 22nd that made the
> Chevy Tahoe and
> Suburban.  Here are a couple of websites:
> 
> http://www.washingtonpost.com/wp-dyn/content/article/2008/11/18/AR2008111802260.html?hpid=sec-business
> 
> http://www.nytimes.com/2008/11/20/business/20auto.html?hp
> 
> 
> http://www.bloomberg.com/apps/news?pid=20601087&sid=a1JNoT8ilnKk&refer=home
> 
> 
> 
> On Wed, Nov 19, 2008 at 3:56 PM, Anthony Arnold
> <[log in to unmask]>wrote:
> 
> > Friends,
> >
> > This morning I went over to work out, and one of the
> physical therapists
> > (who I call a friend) was asking me my feelings about
> the auto bailout, and
> > I was embarrassed to tell her that I haven't
> studied the issue to form a
> > opinion. Can I have somebody here educate me on this,
> and why did it get to
> > this point?
> >
> > Thanks,
> > Anthony Arnold
> > Prentke Romich Company
> > 1-800-262-1984 ext. 494
> > www.anthonyarnold.net
> > Proud Member of Speak Share
> >
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> 
> 
> 
> -- 
> 
> 
> Kendall
> 
> An unreasonable man (but my wife says that's
> redundant!)
> 
> The reasonable man adapts himself to the world; the
> unreasonable one
> persists in trying to adapt the world to himself.
> Therefore, all progress
> depends on the unreasonable man.
> 
> -George Bernard Shaw 1856-1950
> 
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> 
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