GMAC To Get 3.8 Billion More

[Dan40]

Originally Posted by Wayne Maybury

I am surprised that anyone thought that GM and/or Chrysler and/or GMAC and/or anyone else that got a government handout wouldn't be back looking for more. It isn't a question of "if" but rather "when" they will be back.

I heard the other day that in the US, the Federal Government and the various State Governments introduced 40,000 new laws that came into effect on January 1st. Now tell me that government is not too big.

Unions were a great idea when companies were really taking advantage of the workers but they seem to have forgotten that their employer cannot stay in business if the competiton is paying their non-union workers 1/10 of what they are earning. Manufacturing (and many of the good paying manufacturing jobs) have left North America for China and other Pacific rim countries. I really doubt that these jobs will ever come back here.

Wayne

Since the 1950's, local, state, and federal gov't's have enacted in excess of 30,000 new laws EACH YEAR. THAT'S MORE THAN A MILLION NEW LAWS. But they have probably repealed 4 or 5.