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> <channel><title>Comments on: We Should Just Let GM and Ford Go Bankrupt and Close</title> <atom:link href="http://ownthedollar.com/2008/11/we-should-just-let-gm-and-ford-go-bankrupt-and-close/feed/" rel="self" type="application/rss+xml" /><link>http://ownthedollar.com/2008/11/we-should-just-let-gm-and-ford-go-bankrupt-and-close/</link> <description>Own the dollar....don&#039;t let the dollar own you.</description> <lastBuildDate>Tue, 01 May 2012 14:22:12 +0000</lastBuildDate> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.3.2</generator> <xhtml:meta xmlns:xhtml="http://www.w3.org/1999/xhtml" name="robots" content="noindex" /> <item><title>By: James</title><link>http://ownthedollar.com/2008/11/we-should-just-let-gm-and-ford-go-bankrupt-and-close/#comment-136</link> <dc:creator>James</dc:creator> <pubDate>Wed, 12 Nov 2008 15:54:13 +0000</pubDate> <guid
isPermaLink="false">http://ownthedollar.com/?p=413#comment-136</guid> <description>Hank,
Firstly I appreciate your honest opinion.  Honestly, however I have to disagree with you.  I don&#039;t believe that GM or Ford should fail.  They are very much wound into the fabric of this nation&#039;s economy.  You may see Ford and GM as a solely domestic company, however they make almost half of their sales overseas.  The foreign direct investments of these companies are very important.  I very much disagree with a substantial bailout saving the company (that I do agree with you).  I believe that the problems lie in the Unions dragging down the Auto industry.  Their pension plans and benefits outweigh what the company can afford.  Another problem is the development of new products to keep pace with the adapting technology that foreign companies are bringing to the market.
My second point to make is that small businesses make up over 90% of business in the US.  I agree that government should help them keep grow.  What is so different about small as opposed to larger corporations are their ability to adapt to changing markets much easier.  Large businesses are much slower to adapt because they have millions invested in long term investments.
Sorry about my rant, but I just feel that it is important for GM and Ford, which aren&#039;t just National, but global icons stay afloat.</description> <content:encoded><![CDATA[<p>Hank,</p><p>Firstly I appreciate your honest opinion.  Honestly, however I have to disagree with you.  I don&#8217;t believe that GM or Ford should fail.  They are very much wound into the fabric of this nation&#8217;s economy.  You may see Ford and GM as a solely domestic company, however they make almost half of their sales overseas.  The foreign direct investments of these companies are very important.  I very much disagree with a substantial bailout saving the company (that I do agree with you).  I believe that the problems lie in the Unions dragging down the Auto industry.  Their pension plans and benefits outweigh what the company can afford.  Another problem is the development of new products to keep pace with the adapting technology that foreign companies are bringing to the market.</p><p>My second point to make is that small businesses make up over 90% of business in the US.  I agree that government should help them keep grow.  What is so different about small as opposed to larger corporations are their ability to adapt to changing markets much easier.  Large businesses are much slower to adapt because they have millions invested in long term investments.</p><p>Sorry about my rant, but I just feel that it is important for GM and Ford, which aren&#8217;t just National, but global icons stay afloat.</p> ]]></content:encoded> </item> <item><title>By: Mike @ Oblivious Investor</title><link>http://ownthedollar.com/2008/11/we-should-just-let-gm-and-ford-go-bankrupt-and-close/#comment-133</link> <dc:creator>Mike @ Oblivious Investor</dc:creator> <pubDate>Tue, 11 Nov 2008 20:56:05 +0000</pubDate> <guid
isPermaLink="false">http://ownthedollar.com/?p=413#comment-133</guid> <description>Hi Hank.
I couldn&#039;t possibly agree more. Creative destruction (aka survival of the fittest) is a &lt;i&gt;huge&lt;/i&gt; part of what makes our capitalist economy so efficient.
Businesses exist to make money. When they don&#039;t, they&#039;re failing at their primary purpose. They&#039;re counter-productive.
A failing business isn&#039;t a charity.</description> <content:encoded><![CDATA[<p>Hi Hank.</p><p>I couldn&#8217;t possibly agree more. Creative destruction (aka survival of the fittest) is a <i>huge</i> part of what makes our capitalist economy so efficient.</p><p>Businesses exist to make money. When they don&#8217;t, they&#8217;re failing at their primary purpose. They&#8217;re counter-productive.</p><p>A failing business isn&#8217;t a charity.</p> ]]></content:encoded> </item> <item><title>By: Bruce McIntire</title><link>http://ownthedollar.com/2008/11/we-should-just-let-gm-and-ford-go-bankrupt-and-close/#comment-131</link> <dc:creator>Bruce McIntire</dc:creator> <pubDate>Tue, 11 Nov 2008 13:02:38 +0000</pubDate> <guid
isPermaLink="false">http://ownthedollar.com/?p=413#comment-131</guid> <description>Nice writing style. I look forward to reading more in the future.</description> <content:encoded><![CDATA[<p>Nice writing style. I look forward to reading more in the future.</p> ]]></content:encoded> </item> <item><title>By: Stacey Derbinshire</title><link>http://ownthedollar.com/2008/11/we-should-just-let-gm-and-ford-go-bankrupt-and-close/#comment-130</link> <dc:creator>Stacey Derbinshire</dc:creator> <pubDate>Tue, 11 Nov 2008 13:00:53 +0000</pubDate> <guid
isPermaLink="false">http://ownthedollar.com/?p=413#comment-130</guid> <description>A friend of mine just emailed me one of your articles from a while back.  I read that one a few more.  Really enjoy your blog.  Thanks</description> <content:encoded><![CDATA[<p>A friend of mine just emailed me one of your articles from a while back.  I read that one a few more.  Really enjoy your blog.  Thanks</p> ]]></content:encoded> </item> </channel> </rss>
