Should the US govt bail out the American Auto Giants?
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MisterCMK;246276 wrote:
We'd be foolish not to bail out the auto giants. Do you guys have any idea how many jobs are tied to the Big 3? Just think how many people would be out of work and how much further that would push us into a recession. All the auto giants need is a little help through the rough times.HEY!!! I'm the one that's supposed to be making the liberal comments around here this year...2009 is your year to throw out the leftist bait to start political arguments.
In all seriousness, you bring up a pretty good point that it will have a big impact on the economy. IF a bailout is given to them, I'd prefer it be more like the one given to Chrysler back in 1979 (or was it 78) when the Gov't backed (co-signed) their loans from financial institutions. By 1983 Chrysler was back in the black and the US Gov't had added 305 million to its treasury due to this deal. I'm still against the idea of bailing them out, but if it happens, something similar to what happened in the past is a much better solution than just handing them money.
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SmitEvo;246283 wrote:
Yes..I forgot. Get RID of the UNIONS./prepares to REALLY see the liberal side of CMK come out now...
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It's rather interesting to see these large corporations fail when they all have one very large common denominator...Union interference.
Airlines and Autos...hmm...conicidence?
While companies like Toyota and Honda aren't exactly doing great right now either, they're far from being as bad off as unionized companies like Ford, GM and Chrysler.
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instead of bailing them out they should let walmart buy them, source the production to foreign countries, lable them fard and chevrolette, and market them like disposable paper plates... because thats what they are, garbage.
i tell ya what ted, i could slap a warranty on a pile of poo but really all you have is a garunteed piece of shit (or something to that affect) -tommy boy
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MisterCMK;246276 wrote:
We'd be foolish not to bail out the auto giants. Do you guys have any idea how many jobs are tied to the Big 3? Just think how many people would be out of work and how much further that would push us into a recession. All the auto giants need is a little help through the rough times.Wether or not they get bailed out or the employees go on unemployment either way tax payers are going to pay for it so why waste the $$ bailing out a dead end. GM already got $50 million not to long ago look how long that lasted......
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MisterCMK;246276 wrote:
We'd be foolish not to bail out the auto giants. Do you guys have any idea how many jobs are tied to the Big 3? Just think how many people would be out of work and how much further that would push us into a recession. All the auto giants need is a little help through the rough times.I disagree. The government shouldn't bailout these bloated and mismanaged companies.
Fuck the unions. There's no reason why they should get paid 3-4 times the amount the work is worth.
Obviously American car companies can't make money... so send that shit off and get cheap labor and make it profitable.
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SmitEvo;246278 wrote:
Its not like those people couldnt find new jobs. If companies make bad business decisions and are not profitable they shouldnt get a redo. Other companies would come in and buy out these companies pennies on the dollar. Then run them correctly. Maybe the Big 3 should copy what foreign companies are doing and follow their business strategy. Dont build shit...So you are willing to put thousands of families out of work simply to punish them for working for a company that is struggling? Meanwhile, we are giving money to all of the banks and other financial institutions that simply push money around on paper and are part of the problem we are in to begin with?
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PSI2HI;246295 wrote:
Wether or not they get bailed out or the employees go on unemployment either way tax payers are going to pay for it so why waste the $$ bailing out a dead end. GM already got $50 million not to long ago look how long that lasted......Unemployment does not provide enough for these families to live off of. Why not spend the money and help out some struggling companies get back on their feet rather than simply throwing it at unemployment.
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tjamz;246282 wrote:
HEY!!! I'm the one that's supposed to be making the liberal comments around here this year...2009 is your year to throw out the leftist bait to start political arguments.In all seriousness, you bring up a pretty good point that it will have a big impact on the economy. IF a bailout is given to them, I'd prefer it be more like the one given to Chrysler back in 1979 (or was it 78) when the Gov't backed (co-signed) their loans from financial institutions. By 1983 Chrysler was back in the black and the US Gov't had added 305 million to its treasury due to this deal. I'm still against the idea of bailing them out, but if it happens, something similar to what happened in the past is a much better solution than just handing them money.
Exactly. All these companies need is a little help in some tough and trying times. I don't think anybody here can say that they did not need a little help from friends/family in their lives.
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I say no, if they'd build decent cars that ppl actually want then they wouldnt have that problem... OMG GM makes a couple cars that get over 30mpg... wow most import cars have been getting that for years... And wow new technologies that euro and jap cars have had forever too...
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MisterCMK;246303 wrote:
So you are willing to put thousands of families out of work simply to punish them for working for a company that is struggling? Meanwhile, we are giving money to all of the banks and other financial institutions that simply push money around on paper and are part of the problem we are in to begin with?I do not agree with that bail out either...and yes, I have no sympathy for those families as they will collect unemployment or get a new job.
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MisterCMK;246304 wrote:
I see you have never been involved in a union and have yet to understand the benefits and protections that it provides to the member as well as the company that employs union workers.Actually I am quite educated and understand how unions work...back in he good ol days, they did a great thing for employees and employee's rights. These days they create too high of costs and are effecting profitability of most companies.
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MisterCMK;246308 wrote:
Exactly. All these companies need is a little help in some tough and trying times. I don't think anybody here can say that they did not need a little help from friends/family in their lives.There is a big difference here...helping out a family/friend or helping out a company that the main goal is to create profits and build stock value. Apples to oranges...at least Ford has enough cash flows right now to last the longest of the big 3.
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MisterCMK;246306 wrote:
Unemployment does not provide enough for these families to live off of. Why not spend the money and help out some struggling companies get back on their feet rather than simply throwing it at unemployment.Why because they already got $50 million grant so they could GIVE AWAY 0% financing and that wasn't even good enough to turn things around. Why give more when they show no light @ the end of the tunnel?
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MisterCMK;246306 wrote:
Unemployment does not provide enough for these families to live off of. Why not spend the money and help out some struggling companies get back on their feet rather than simply throwing it at unemployment.Because this is the thing ruining our country by spending money that we dont have, creating higher inflation. Governments should not get involved in these type of things. To the people that don't have jobs need to remember one thing " It is not what your country can do for you, it is what you can do for your country". :icon_rr:
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SmitEvo;246312 wrote:
I do not agree with that bail out either...and yes, I have no sympathy for those families as they will collect unemployment or get a new job.Meanwhile they will end up defaulting on loans, credit cards, etc and exacerbating the downward plunge of the financial markets when we could have helped.
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SmitEvo;246313 wrote:
Actually I am quite educated and understand how unions work...back in he good ol days, they did a great thing for employees and employee's rights. These days they create too high of costs and are effecting profitability of most companies.Brian, you and I both know that book learning is completely different than real world experience. Reading about a union in a book or in the news does not give you any real life insight into the benefits of them.
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