LIVE: “Auto” Asphyxia – GM & Chrysler’s Fight for Survival

February 19th, 2009 at 1:44pm


John McElroy and guests debate whether GM and Chrysler can escape bankruptcy. Tune in to see the first-ever LIVE Autoline Detroit being webcast as it’s taped. Then stay tuned as the discussion gets interactive and we invite your questions and comments.

Downloadable versions of the viability plans are available here (video will continue to play).

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2 Comments to “LIVE: “Auto” Asphyxia – GM & Chrysler’s Fight for Survival”

  1. John Says:

    John McElroy,

    Great Show.

    The weak link in the chain of U.S. economic recovery is JOBS. I would of Liked to see more discussion on JOBS as the root cause of the entire economic disaster.

    There are too many people on the planet fighting for the jobs that traditionally created the U.S. standard of living that we grew up with.

    Then add global (exponential population growth) times (rapid technical productivity gains) and todays Jobs problem will look like nothing ten years from now.

    If the overextended no money down homeowners upside down with their home equity today had good jobs for the last decade, the bank crisis would not be as big as it is.

    How many homeowners would have extracted 125% to 150% of their home equity in 2006 or 2007 if they could have maintained their normal standard of living with just their regular Job?

    Blaming this entire economic crisis on the banks and the housing crisis will be looked at historically as the biggest con job propaganda scare tactic ever pulled off in the history of the world.

    Every single person that refuses to see this problem as a result of “too many people and too few jobs” is simply an ignorant moron.

    And propagating the false cause daily as a matter of fact is the second biggest problem behind jobs.

    Read this:

  2. John Says:

    Detroit and everyone else should watch this.

    The video segment is titled :

    “Can China Fund U.S.? 23 Feb 2009

    Kirby Daley, senior strategist at the Newedge Group, tells CNBC whether China will help America recover. ”