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Government May Nationalize the Auto Industry
- Thread starter Random8145
- Start date
Great news, so car dealers will have same spiffy uniforms as TSA?
so much for Capitalism...
It would be nice if GM took their $30 billion dollar cash hoard and guaranteed their retirees' pension funds.
It's nice to know that a company can rely on the government while it continues to sell a product that is dependent on a highly fluctuating commodity and one that nobody wants.
GM ignored its competition for years and did not adjust its business plan. Hence, they are playing catch-up.
This is who's fault?
It would be nice if GM took their $30 billion dollar cash hoard and guaranteed their retirees' pension funds.
It's nice to know that a company can rely on the government while it continues to sell a product that is dependent on a highly fluctuating commodity and one that nobody wants.
GM ignored its competition for years and did not adjust its business plan. Hence, they are playing catch-up.
This is who's fault?
And say goodbye to being able to purchase the vehicle of YOUR choice as well ... for the bureaucrats WILL mandate the type of vehicle(s) that can be built as a quid pro quo IF the auto indu$try bailout goe$ through ...
Do you REALLY think Pelosi & Co. can resist ... ???
It all makes me wonder why the airlines in bankruptcy had to re-negotiate labor contracts to include significant degradation of pay & benefits & pensions .... but some think that should not apply equally to the auto industry & its employees ... ???
Do you REALLY think Pelosi & Co. can resist ... ???
It all makes me wonder why the airlines in bankruptcy had to re-negotiate labor contracts to include significant degradation of pay & benefits & pensions .... but some think that should not apply equally to the auto industry & its employees ... ???
I read something else the other day and it cracked me up. It's kinda symptomatic of the ailments in the auto industry ...
"You cannot help but laugh when you hear that GM is the world's leading purchaser of Viagra. The Detroit News reported in 2006 that GM spent $17 million dollars on the 'little blue pill'. Admittedly, this is a relatively small portion of the more than $5.6 billion per year that GM spends on health care for their employees... but the Viagra problem is a symptom of an overall cost management illness."
"You cannot help but laugh when you hear that GM is the world's leading purchaser of Viagra. The Detroit News reported in 2006 that GM spent $17 million dollars on the 'little blue pill'. Admittedly, this is a relatively small portion of the more than $5.6 billion per year that GM spends on health care for their employees... but the Viagra problem is a symptom of an overall cost management illness."
Random8145
Registered User
Only hope I see is Krauthammer said on the news last night that come January, the Democrats will have to either abandon Detroit or practice lemon socialism (as he calls it) with them, but the problem with that is that it might hurt the party seriously for years to come, so they might not; time will tell.
I don't know what I will do without Cadillac, Ford F-150s, Dodge Rams, Chevy Tahoes, etc...
I don't know what I will do without Cadillac, Ford F-150s, Dodge Rams, Chevy Tahoes, etc...
Raptor2216
Registered User
I don't know what I will do without Cadillac, Ford F-150s, Dodge Rams, Chevy Tahoes, etc...
I don't know...how about spending your money on a better vehicle than all the above? There is a lot of room for improvement for GM/ford but you can only polish a turd so much before you just have to start from the ground up. Maybe ford and GM should use all those profits from their European sales and all that money they made selling POS gas guzzling vehicles over the past 20 years to improve their product instead of crying bankruptcy. I say let them fail...it may be the best option available.
Meh, we bailed out Savings and Loan, we bailed out the airlines, we bailed out the banks, insurers, and investors, what else is new?
http://www.propublica.org/special/government-bailouts
http://www.propublica.org/special/government-bailouts
Good point, this likely would happen. The problem is that, currently, consumers mandate what cars can be built...and they're not exactly screaming for more trucks/SUVs. Looks like those of us who aren't into driving 2-door rat traps are screwed either way.
Worked in my favor though. Just bought a new 08 Toyota 4Runner Limited V8. over 14K under sticker price.
Ya, there's still a surplus out there. It takes the factories a little while to catch up with demand. Longer term, the surplus, and the good deals that come with it, will go away.
I don't know what I will do without Cadillac, Ford F-150s, Dodge Rams, Chevy Tahoes, etc...
Buy, or better yet, lease, European?