http://www.contrarianprofits.com/articles/detroit-deserves-to-go-broke/9505 Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Tue, 24 Nov 2009 15:08:08 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.contrarianprofits.com/articles/detroit-deserves-to-go-broke/9505/comment-page-1#comment-8667 RUFUS Mon, 15 Dec 2008 07:52:05 +0000 http://www.contrarianprofits.com/?p=9505#comment-8667 __The demise of an industry is not an "I told you so, you idiot" event. And many who are forever damaged did not create nor participate in the decisions made over long times that eventually caught up with an impossible equasion....cheaper and better goods on the market, and a consumer population caught by an economic down spiral unable to buy even if they wanted to. The high use of credit means that the cars on the road will have to be driven longer and harder by the owners, as they have no trade in values, and their is no credit available for cheap purchases of replacements. US investor and purchaser loyalties were strong and sincere in the support of GMC and Ford. But the management and unions destroyed the goose with the golden egg. They are the ones that should "go down." __The demise of an industry is not an "I told you so, you idiot" event. And many who are forever damaged did not create nor participate in the decisions made over long times that eventually caught up with an impossible equasion….cheaper and better goods on the market, and a consumer population caught by an economic down spiral unable to buy even if they wanted to. The high use of credit means that the cars on the road will have to be driven longer and harder by the owners, as they have no trade in values, and their is no credit available for cheap purchases of replacements. US investor and purchaser loyalties were strong and sincere in the support of GMC and Ford. But the management and unions destroyed the goose with the golden egg. They are the ones that should "go down."

]]> http://www.contrarianprofits.com/articles/detroit-deserves-to-go-broke/9505/comment-page-1#comment-8664 rufus Mon, 15 Dec 2008 07:47:18 +0000 http://www.contrarianprofits.com/?p=9505#comment-8664 Bonner makes a pat case for letting the fools pay the penalty, but in fact, the fools are management, who will bail with millions and keep on keepin on. The shareholders and the defense industry should they be called upon for intense manufacturing of war machines, are the big losers. Even the workers, whould have left the business long ago for more advancement...yet the Unions, just life government welfare checks, kept the workers living in the rust belt by fighting robotics and economically superior manufacturing process and getting more money and benefits for workers that, no matter how hard they might work or try, can never put more efficiency into their hand production assembly line processes than a human can do...and that has a decreasing value in a world competitive marketplace where foreign manufactures embrace and invest in ever more productive processes and techniques. All the US Big 3 could come up with is to cut the costs per unit by using cheaper and less quality goods, and to pump up the prices on desirable accessories and services.____ Bonner makes a pat case for letting the fools pay the penalty, but in fact, the fools are management, who will bail with millions and keep on keepin on. The shareholders and the defense industry should they be called upon for intense manufacturing of war machines, are the big losers. Even the workers, whould have left the business long ago for more advancement…yet the Unions, just life government welfare checks, kept the workers living in the rust belt by fighting robotics and economically superior manufacturing process and getting more money and benefits for workers that, no matter how hard they might work or try, can never put more efficiency into their hand production assembly line processes than a human can do…and that has a decreasing value in a world competitive marketplace where foreign manufactures embrace and invest in ever more productive processes and techniques. All the US Big 3 could come up with is to cut the costs per unit by using cheaper and less quality goods, and to pump up the prices on desirable accessories and services.____

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