Who is going to buy a vehicle from a bankrupt manufacturer when the bankruptcy court will allow the manufacturer out of their warranty contracts with the vehicle purchaser? It is too late for Chapter 11 reorganization. There is nothing left after these brilliant executives and their unions bled their companies to death. Any Taxpayer funds given to the US Auto Industry will only encourage the continuation of the arrogant, stupid, and selfish bad business policies of both the US Auto Industry executives and the UAW members. Do not let these same highly paid incompetent executives and the overpaid union workers continue their featherbed deals, job banks, perks, private jet airplanes, stupid business decisions, and etc. with taxpayer money. These same people took so much money from the US Auto Industry that they bled the US Auto Industry to death. Let them go bankrupt so other parties can buy their assembly plants and re-start these plants as non-union automobile manufacturing operations.

Why can’t we continue to just crank up the presses and print more dollars, T-Bills, Government Bonds, etc. to pay foreigners in other countries with our money to manufacture or supply the auto parts and other things that we imported and consumed, rather than working to make these products ourselves in this country?

Since the US government stopped redeeming US dollars for gold, foreign governments and foreign individuals continue to take our dollars (and other US securities that they earned for the things that they made for us to consume) and are purchasing the real estate, industries, breweries, hotels, factories, casinos, financial institutions, and everything else of value that is located in the USA. There is probably a limit to the amount of paper dollars that the foreign manufacturing people and the foreign country raw material supplying people will continue to accept in payment. That limit will become apparent as soon as foreigners own everything of value in the USA and nothing is left to sell.

It is not the foreigner’s fault that this condition exists. We created this condition ourselves. We intentionally destroyed most of our industries that were located in the US and fired all of the employees because they created pollution. Why should we make the things that we consume as long we can get people in other countries to work to make these things for our consumption? We can pay them with freshly printed-paper currencies and other types of freshly printed-paper securities. They can redeem these freshly printed-paper currencies by exchanging them for title to our real estate, hotels, casinos, and our remaining businesses (instead of Gold). Our Stupid Legislators, EPA, Ignorant Government Employees, Bad Corporate Managers, Greedy Unions, Wall Street Financial Geniuses, Enron type Master Criminals, NAFTA, and OSHA, just to name a few, have created this situation.