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Thread: Car's and shit...
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12-07-13, 08:15 AM #782
Re: Car's and shit...
Current status is unknown. Its been sitting for about 10 years but ran good with a new clutch when it got parked. I figure with the hispanic population around here i can make my 600 back by selling the rotary engine to one of them. They seem to love those damn things. I see all kinds of imports running around here that have been modded by putting one in.
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12-09-13, 08:00 PM #784Re: Car's and shit...
Boy am I glad that worked out.
US sells final GM stake loses $10.5 billion from automaker bailout - MSN Autos
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12-10-13, 09:38 AM #786Re: Car's and shit...
I was of the opinion that it was wrong to bail them out regardless of the possibility of a profit. That was a moment in history when we were forced to ask ourselves if we believe in capitalism or not. We chose to not believe. A poorly run company, no matter how big, must be allowed to fail. If there's a demand for the product someone will meet that demand and need the labor to do it.
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12-10-13, 09:45 AM #787
Re: Car's and shit...
Except the poorly run company was forced to part with a shitty and ineffective management in order to get a a secured loan from the government.
In the end, it proved that like the S&L crisis, bailouts can work if done properly. The problem wasn't the product but how the company was ran.
The proof is in the pudding and unfettered capitalism aint all that.
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