Auto Bailout Hearings

djv

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Ray that is a true number today. But as I found out yesterday stating in 09 it drops to 67. And in 2010 down to 62 do to consession made. And others that are at 48 know like Honda will be upto 53. Advantage Honda, BMW, Tyoto have is in there country there health insurance and penson are by Government. Infact they have government help at all times. So were not ever going to be on a fair play ground.
 

THE KOD

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Who stands to profit most (besides the big three management)from America?s love affair with cars?? Why it?s the oil companies of course! Why don?t the three muskateers take their whining to the oil companies? Those folks have seen record profits for years, and it?s in their best interest to keep the gas-guzzlers rolling off the production lines forever. This bailout should be funded by big oil, not Joe Sixpack.

Comment by Joey from NY - November 19, 2008 at 11:56 am
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this guy has a good point
 

smurphy

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Who stands to profit most (besides the big three management)from America?s love affair with cars?? Why it?s the oil companies of course! Why don?t the three muskateers take their whining to the oil companies? Those folks have seen record profits for years, and it?s in their best interest to keep the gas-guzzlers rolling off the production lines forever. This bailout should be funded by big oil, not Joe Sixpack.

Comment by Joey from NY - November 19, 2008 at 11:56 am
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this guy has a good point

Great idea. The oil companies should be bailing out the auto companies. Perfect solution.
 

THE KOD

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Great idea. The oil companies should be bailing out the auto companies. Perfect solution.
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are you serious or not ?

I thought it sounded like the right thing to do.

what a way to get back into Americas good graces.

Just come up with 100 billion to bail out GM ford and Chrysler.
 

djv

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Tyotoa one of the auto makers asking and getting 30 billion from German Government. To help sagging sales now.
Ad that bring backs memory Tyotoa in the 80's asking and getting money from you an me here in good old USA to build cars here. I don't remember number but it was in the billions.
 

hedgehog

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They won't be buying Superbowl ads though :shrug:

:mj07:

Is there anybody here that would buy a car from these guys at this point? The warranty could be useless.

Let them go BK, IMO.

TIA

I hope to get a hell of a deal on a Tahoe early next year, the warranty will still be there, they may go into bankruptcy, but it will be fine
 

hedgehog

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Ack, that is part of the problem. The Big 3 companies have been in bed with the oil companies the last 25 years, squashing fuel efficient car technology left and right. They HAD technology, refused to use it, and the Japanese picked it up and ran with it.

I know you love your SUV's and that's ok, we can still have big cars, but the efficient car clearly needs more emphasis in American cars. If we are going to put government money into this industry we need to force them to change their business model.

I need a big vehicle for my family and I hate mini-vans
 

Chadman

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It strikes me that the real irony in all of this - especially with the Auto bailouts - is that these same industry leaders are the first to cry out in support of free market economics, and the hardships they face with paying such high taxes to do business in their states and in this country.

Immediately when the free market works, and people don't buy their cars, they jet in and ask for tax money to help them continue to run their business and complain about showing how their plans to better compete in the free market are worthy of receiving our tax dollars.

Nothing is mentioned about the recent real winners - the oil companies - who for years have spent millions lobbying both the government and the automakers to avoid any mileage standards, and most likely safety standard, which helps who? Nobody but the oil companies and their investors.

I would agree that in many instances, the union situation these companies face is a big problem in staying competitive. But conservatives scream about the unions busting these companies, and see no problem in a CEO making $10,000 an hour from the company, nor managing these companies in a manner that would produce a product that can compete in a free market. The union workers don't tell the companies what to produce. They don't have much say in making the product viable and competitive to consumers.

There's plenty of blame to go around, but the irony is pretty, well, ironic.
 

StevieD

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It strikes me that the real irony in all of this - especially with the Auto bailouts - is that these same industry leaders are the first to cry out in support of free market economics, and the hardships they face with paying such high taxes to do business in their states and in this country.

Immediately when the free market works, and people don't buy their cars, they jet in and ask for tax money to help them continue to run their business and complain about showing how their plans to better compete in the free market are worthy of receiving our tax dollars.

Nothing is mentioned about the recent real winners - the oil companies - who for years have spent millions lobbying both the government and the automakers to avoid any mileage standards, and most likely safety standard, which helps who? Nobody but the oil companies and their investors.

I would agree that in many instances, the union situation these companies face is a big problem in staying competitive. But conservatives scream about the unions busting these companies, and see no problem in a CEO making $10,000 an hour from the company, nor managing these companies in a manner that would produce a product that can compete in a free market. The union workers don't tell the companies what to produce. They don't have much say in making the product viable and competitive to consumers.

There's plenty of blame to go around, but the irony is pretty, well, ironic.

Great points Chad. Aren't these execs the same execs that bargained with the Unions in the first place? Just another reason why they are not worth anything near the money they make.
 
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