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Can Detroit Survive a Bailout?

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Old Dec 3, 2008 | 08:53 AM
  #1  
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bt4
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Can Detroit Survive a Bailout?

An interesting question and an article that gives it some context...

http://www.cnn.com/2008/POLITICS/12/...uto/index.html
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Old Dec 3, 2008 | 01:25 PM
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If the feds take a share in the automakers, my answer is no. Somebody should tell Speaker Pelosi and Majority Leader Reid to look up British Leyland on Google...
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Old Dec 3, 2008 | 02:08 PM
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I'm skeptical of government involvement in business. Back in the 90's, the Government seized the Mustang Ranch brothel in Nevada for tax evasion (an IRS lien) and, as required by law, tried to run it. They failed and it closed. It worries me that we are trusting the economy of our country to a pack of nit-wits who couldn't make money running a ***** house and selling booze.
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Old Dec 3, 2008 | 02:42 PM
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We think difficult times are here now, give it a little more time. I don't think we've seen anything yet. Things are poised to get REALLY bad in '09. Let's hope Obama has some real plans.
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Old Dec 3, 2008 | 03:42 PM
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Originally Posted by bt4
I'm skeptical of government involvement in business. Back in the 90's, the Government seized the Mustang Ranch brothel in Nevada for tax evasion (an IRS lien) and, as required by law, tried to run it. They failed and it closed. It worries me that we are trusting the economy of our country to a pack of nit-wits who couldn't make money running a ***** house and selling booze.
I love you... you just made me laugh till I cried... good job
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Old Dec 3, 2008 | 05:51 PM
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Originally Posted by bt4
I'm skeptical of government involvement in business. Back in the 90's, the Government seized the Mustang Ranch brothel in Nevada for tax evasion (an IRS lien) and, as required by law, tried to run it. They failed and it closed. It worries me that we are trusting the economy of our country to a pack of nit-wits who couldn't make money running a ***** house and selling booze.

You make it sound as if the Feds actually tried to run that place correctly. They saw it as a chance to get rid of something they hate, and took it.
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Old Dec 4, 2008 | 05:19 PM
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From: Bristol, TN
Originally Posted by bt4
I'm skeptical of government involvement in business. Back in the 90's, the Government seized the Mustang Ranch brothel in Nevada for tax evasion (an IRS lien) and, as required by law, tried to run it. They failed and it closed. It worries me that we are trusting the economy of our country to a pack of nit-wits who couldn't make money running a ***** house and selling booze.
You would think as much as the government likes to screw us over they could have made that operation pure gold (I'm not really surprised it fell through in federal hands, I'm sure they weren't that interested in being known for running a brothel).
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