Auto industry to receive $17.4b bailout

  1. You have chosen to ignore posts from pauloz. Show pauloz's posts

    Auto industry to receive $17.4b bailout

    and nuclear reators blowing up
     
  2. You have chosen to ignore posts from pauloz. Show pauloz's posts

    Auto industry to receive $17.4b bailout

    and gas turbines liberating combustors down the rest of the engine
     
  3. You have chosen to ignore posts from pauloz. Show pauloz's posts

    Auto industry to receive $17.4b bailout

    wow! ge appliances is going belly up! does anybody care about their washers and dryers????????????????
     
  4. You have chosen to ignore posts from Nasochkas. Show Nasochkas's posts

    Auto industry to receive $17.4b bailout

    [Quote]Dumb decison. Let the free market rule. If they go under somebody else will take them over and maybe make it better. I do not like American cars anyhow. I have not bought one in 20 years.[/Quote]

    Agreed. What all the news covereage has failed to emphasize is that these companies have very profitable operations and subsidiaries in other countries. Only their U.S. operations are doing poorly. If they pull out of the U.S. market, and sell some of their assets to other companies, they would become profitable. They could then take time to strategize a re-entry into the U.S. market with better vehicles and perhaps other brands. In the mean time, the U.S. government could spend the money in a better way ..by helping former auto workers relocate and retrain and enter profitable industies.

    $17B will only last them a few month anyway. They burn through billions a month.
     
  5. You have chosen to ignore posts from Style70. Show Style70's posts

    Auto industry to receive $17.4b bailout

    its nice that the taxpayers have to pay those huge salaries of the Ceos and admins of gm. i dont agree with it at all. if they had gone belly up somebody else would have stepped in and geez we may have even got a better product. for years Gm and chryco have made JUNK. Bush is an idiot. all he has done was stretch out the problem. in 6 mos the industry will be crying again for bailouts- they need to be re structured, not loaned money that they cant pay back. its the worst selling market in 25+ years -i sell cars i KNOW! how do you think they are going to pay it all back?? they wont! and bush (the shurb) knows it you think he cares?? hes outtie on a cushy pension in 2 weeks. so much for free enterprise. its not fair to the small business that is going under to watch a bigger one get bailed out by the govt. that is such a joke.
     
  6. You have chosen to ignore posts from voiceofsouthshore. Show voiceofsouthshore's posts

    Auto industry to receive $17.4b bailout

    Chryslers makes terrible cars owned one. Two fond memories on a Jeep Cherokee first the rust and the second a defective horn going off and on its own whim plus. After about paying $ 500 to fix the horn was told the vehicle needed several thousands in repairs for a front end that has a life of about 70,000 miles . Did own a Chevy Lumina had a head on accident in weather like this several years ago the car had air bags but they did not go off. Both make products that after you have owned them would not by them again. The bail out should be for the owners who bought them.

     
  7. You have chosen to ignore posts from mistergman123. Show mistergman123's posts

    Auto industry to receive $17.4b bailout

    Let them fail! Let them die! Not a single penny of taxpayer money should be loaned or given to these companies. The government should BUTT OUT!

    As as aside - I wouldn't trust a government employee to be able to find his own a$$ with a compass and a flashflight. And people really think that these same government stooges will ensure that taxpayer money will be accounted for and repaid?

    The only way they will become profitable again is to declare bankruptcy, fire all the union workers, and restructure the entire company. Hire all new employees (or previous ones) with a new salary and benefit structure. They must drastically lower costs to stay competetive. If they cannot do so, they should close their doors.
     
  8. You have chosen to ignore posts from JunoRN. Show JunoRN's posts

    Auto industry to receive $17.4b bailout

    So we save the big three, anyone going out tomorrow to buy one of their cars. Yeah, I thought so. What a waste of money. We're just delaying the inevitable.
     
  9. You have chosen to ignore posts from lnmonster. Show lnmonster's posts

    Auto industry to receive $17.4b bailout

    So much anger, so little thought.
     
  10. You have chosen to ignore posts from Ferial. Show Ferial's posts

    Auto industry to receive $17.4b bailout

    This "loan," which the auto companies will never be able to repay, is designed to let various traders unload their about-to-be-worthless stocks on naive buyers. The companies will still go bankrupt, the retired and current autoworkers will lose their pensions and salaries, another hundred thousand Americans will experience the bitter taste of poverty, and the real culprits (the owners) will skim everything cent they can and send their loot offshore.
     
  11. You have chosen to ignore posts from jpm29. Show jpm29's posts

    Auto industry to receive $17.4b bailout

    As a government we should have let them fail and let Honda or another company pick up the pieces. It amazes me how foriegn companies can stay competitive and in business, but American car companies are failing. We can blame the UAW, but I don't think that's the problem. I bet if we look at some supplier contracts these companies have many of the CEO's has some sort of vested interest in the car part supplier.

    No one is going to buy an American car when they barely last four years and 100k miles. The people that build these cars need to be fired and the whole industry needs to be woken up from the snide coma it has been in for thirty years. I am glad they are failing, because until they truly hit rock bottom will we ever be able to get out of this downtrodden economy. The escalation of CEO compensation is criminal and furthermore the pay that an auto worker gets is mind boggeling.

     
  12. You have chosen to ignore posts from LiberalOne. Show LiberalOne's posts

    Auto industry to receive $17.4b bailout

    The government should have given every household $10,000 toward the purchase of a new car, and told banks to use THEIR bailout to loan the balances to the buyers.
    Either people would buy enough GMs or Chryslers to get them back on their feet, or created enough demand for other makes that those companies could absorb the jobs lost.
    The money would have been rapidly placed into the general economy, people would have something to show for their money, and there would be lots of fuel efficient cars replacing the heaps people are holding onto now because they either can't afford a new one, or they are afraid of making the expenditure in these times.
     
  13. You have chosen to ignore posts from pensapositivo. Show pensapositivo's posts

    Auto industry to receive $17.4b bailout

    We never should forget what is imost important , the system or the people. Some people, most of them ideologist , believe that the most important is to let the market follows its natural path. The second is those that believe that the people is te most important, and I am in this group.

    The whole , and it is state in the constitution,main duty of the government is the welfare , security and tranquility of the people. The whole idea of modern government is to promote the welbeign of the people. Without a government that promote this main objective , neither security nor tranquility will exist.

    Leting the automotive companies goe down will affect 3 million people directly and the whole country indirectly, this will cause that at least 3 million will go down to poverty, and they will see their security threaten which will cause political turnmoil. We will in front of a very favorable environment for violence, and when this start not body knows where will end.

    I believe that the government is responsible for resolving this critical situation, I rather have socialist policies today that will be temporary than having socialism product of a revolution that will be almost forever.

     
Sections
Shortcuts

Share