Comments on: Failed Auto Bailout – A Brief History Of Leyland Motor Corporation

By: Weakonomics Links: Personal Finance - Canadian Style | Weakonomi�s

Weakonomics Links: Personal Finance - Canadian Style | Weakonomi�s — Fri, 12 Jun 2009 14:04:16 +0000

[...] either.� They went bankrupt in 2005 after a long and drawn out process of government bailouts.� Read the story, and see if it sounds familiar.� Ahh history, you’re like a spinning wheel, or [...]

By: A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com

A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com — Fri, 12 Jun 2009 01:18:58 +0000

[...] Four Pillars chronicles the great auto bailout that occured in the UK – and did NOT work. [...]

By: Mr. Cheap

Mr. Cheap — Wed, 10 Jun 2009 15:44:17 +0000

Very interesting post. The more things change, the more they stay the same.

By: Four Pillars

Four Pillars — Wed, 10 Jun 2009 14:02:42 +0000

BB – I agree that spreading out the losses is a good thing, but at what cost? At some point it might be cheaper to let the company fail and pay extra unemployment insurance to help out those workers. Maybe pay for retraining etc.

By: Blogging Banks

Blogging Banks — Wed, 10 Jun 2009 13:48:59 +0000

FP,

Here’s why the bailout is important “In the end most of the original jobs were lost and the only saving grace was that the job losses were spread over 10 years instead of occuring all at once. ”

Industries come and go. Think about Bethlehem Steel, which was once the second largest steel company in the US only to go bankrupt in the very few months of the 21st century. What governments try to do is soften the blow to the economy. I would much rather have one million unemployed workers in 10 years and 100,000 jobless today, than 1 million unemployed workers today. In 4 years someone else could be rulling the country, so that’s their problem

By: Four Pillars

Four Pillars — Wed, 10 Jun 2009 13:02:25 +0000

Nurse - Last year Mark Cuban wrote an interesting post on Chryler who took out a full page Wall Street Journal ad thanking the public. I guess GM didn't learn from that fiasco.

By: Nurseb911

Nurseb911 — Wed, 10 Jun 2009 11:14:20 +0000

But just look at all those pretty heart-felt commercials GM has on TV stating that, “We’re not going out of business, we’re getting down to business.” Doesn’t that make you feel all warm inside?

Oh…wait…they’re paying for those commercials with OUR TAX DOLLARS!!!