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Posted By STONERS 7 months, 2 weeks ago in Business & Finance

GM and Chrysler have staked their future — and some $20 billion of taxpayer-backed loans — on the idea that they can reinvent themselves as lean, green and mean manufacturers of small and fuel-efficient cars and electric-drive vehicles.

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    myfairlady7 months, 2 weeks ago

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    Egg-crate grill.

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      mmrhe7 months, 2 weeks ago

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      As the Pay-Gap widens between the 'Haves' and the 'Have Nots', should we really be surprised that those at the top have become completely detached from reality?
      In fact, isn't this detachment at the very core of our current meltdown?
      The Auto Industry is no different from the banks or the Wall Street Traders.
      Long term sustainability is secondary to their own short term gains.
      Everyone else be damned!

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        Endoscopy7 months, 2 weeks ago

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        There is the ignorance of the liberals. That old hackneyed phrase is not in reality. But you libs just keep repeating it like it is true. The actual fact is that many of the poorer have moved up into Middle clas and many middle class have moved up into the rich. Just keep the lies coming.

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          mmrhe7 months, 2 weeks ago

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          Then please explain why we have THE BIGGEST PAY DISPARITY IN THE INDUSTRIALIZED WORLD Endo.
          It's gone from 30:1 to over 300:1 since the 1960's.
          How do you explain that Endo?
          Or is that just anothe 'liberal lie' you just don't want to face?

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        quackpot7 months, 2 weeks ago

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        The first warning came about 30 years ago when the gas crisis was far worse than a $4.00 a gallon price.

        The second warning came when Detroit achieved a reputation for shoddy products that, even after a decade of quality lingers on in the consumer's mind.

        For 30 years, the U.S. auto executives have been paid HUGE salaries to oversee the demise of their companies. perhaps this latest crisis will wake the dinosaurs up?

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          szala1237 months, 2 weeks ago

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          This is good one
          full time part time jobs

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            Justice4All7 months, 2 weeks ago

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            When Airbus took governmant loans the US cried fowl. Even though all the loans were repaid the US and Boeing claimed unfair competition. Even when Boeing received huge tax breaks...
            So now we make loans to auto manufacturers so they can compete with the foreign auto industry.

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              pokydoke7 months, 2 weeks ago

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              GM has been making junk for years. Looking at Consumer Reports list of cars that have the most mechanical and electrical problems, GM tops the list. My Wife used to buy Saabs and after GM took them over the cars became expensive pieces of junk. Her last one had 60k miles on and it was undriveable. Dig a ditch and push them in.

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