# Let gm die! **URL:** https://forums.speedlife.net/t/let-gm-die/242571 **Category:** Shift518 Automotive **Created:** [March 5, 2009, 6:04am UTC](https://forums.speedlife.net/t/let-gm-die/242571 "2009-03-05T06:04:41Z") **Posts on this page:** 1 **Showing post:** 19
### Author: ![Jimmerz](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jimmerz/32/6370_2.png) [@Jimmerz](https://forums.speedlife.net/u/Jimmerz) #### Post date: [March 6, 2009, 6:30am UTC](https://forums.speedlife.net/t/let-gm-die/242571/19 "2009-03-06T06:30:56Z")
> [@50 Most beautiful people on Capitol Hill](https://forums.speedlife.net/t/50-most-beautiful-people-on-capitol-hill/15099/4): > > I’m against the bailout’s. > > I say that with this understanding: No Bail Out’s = Downsizing = Job Losses > > Now getting laid off is not fun, I know. I was laid off back in 1996 with 18 other guys, and it took me 2 years to get my job back. > > With that disclaimer said, a corporation being allowed to crash and then reorganize is the only way an economy can maintain it’s health. > > Throwing good money after bad is just that … throwing away money. > > Whether Republican or Democrat, Conservative or Liberal, the bailout plan is a bad idea. > > A temporary fix for a long term problem. I see things getting worse … a huge +1 thats how capitalism is supposed to work, if you get yourself in a bind file chapter 11 re organize your company downsize or what have you and then take a step back and re evaluate your business model, this is something they need to do. they say that they fear people wont buy their shit once in chapter 11 but i point to owens corning while they were in chapter 11 people still purchased their insulation and their business actually picked up so gm should just swallow their pride and do what needs to be done to secure the companies future before its to late --- _[View the full topic](https://forums.speedlife.net/t/let-gm-die/242571)._