US Auto bailout rejected
- Started
- Last post
- 128 Responses
- philipdrumman0
- Such a great set up, but image linkage fail, mach 1!ian
- in future we wont have links! sausage links at bestphilipdrumman
- I had so much hope.TheBlueOne
- roundabout0
The only decent car brand America have left are Ford. Why should they get a bail out, GM, Chrysler have been designing cars for the US market, and then thought they could use the same crap for the rest of the world without a redesign. Yeah, there shit, and yeah, you failed.
- sputnik20
and foreign car companies have been making cars on US soil for a long time now, very successfully and without unions. maybe GM should take notes.
- It's as much managements fault as it is the UAW.TheBlueOne
- truesputnik2
- I'm not necessarily anti-union in general, but the UAW is terrible.TheBlueOne
- foreign car companies don't have to pay for years of pensions from the start of car making...AMERICAN car making. Of course they don't have a problem.tedismyfav
- of course they don't have a problem, they're babies compared to the resttedismyfav
- ukit0
The original "bailout" failed too. I suspect this one will go through, once they figure out what concessions the Republicans want.
- The Republicans want to pay management and screw the workers.TheBlueOne
- chossy0
It's not got much to do with the quality of the cars made, if this was the case there would have been no car industry in America to begin with. Troubles lie where people no longer want to buy a new truck or whatever every couple of years. Which is what a huge amount of the auto economy was based on. Like your mobile phones getting the newer model every couple of years or so.
I personally would never buy a new car, and would never spend more than £3000 on a car.
- ukit0
http://www.politico.com/news/sto…
The White House, stung by its loss in the Senate and the prospect of falling markets, opened the door Friday to possibly using Treasury financial market rescue funds to prop up the auto industry until a new Congress convenes in January.
“Under normal economic conditions we would prefer that markets determine the ultimate fate of private firms,” the administration said in a statement. “However, given the current weakened state of the U.S. economy, we will consider other options if necessary – including use of the TARP program — to prevent a collapse of troubled automakers.
“A precipitous collapse of this industry would have a severe impact on our economy, and it would be irresponsible to further weaken and destabilize our economy at this time.”
- New Congress will have less Republicans...so it will probably pass thenukit
- designbot0
I was interested to see what other peeps in here thought....
Personally I am glad this was rejected. Bailing them out would be like voting president Bush in for another 4 years. In other words, the auto manufacturers would be giving us "more of the same"...and who want's to pay for that? We need true ingenuity. Is it a big surprise they are in this mess? Nobody wants the shit cars they have been producing for years and years....they could have taken notes from foreign manufactures like Honda, Toyota and all the others. Companies that are innovative and producing some superb automobiles. But they didn't......and it's not the governments place to step in and bail them out with the American peoples money. I see comments like "good thing they bailed out the banks and not these guys" where is the logic in that reasoning? Any bailout is a bad idea period....and trying to justify one bailout because another already took place doesn't make any sense.
- monkeyshine0
I'm sorry but I don't support this; where is the accountability? If these companies came in with a new plan to turn this around, maybe it would be viable but unless something radical happens I don't see how this is anything but prolonging the inevitable. If we are tossing money about then lets come up with a plan to retrain and place all the workers who will be screwed by the industry (they're gonna get screwed one way or another).
- designbot0
^exactly
We don't need a "band-aid fix" ...yes things will get worse before they get better if we take the hard route and let these companies fail....but the bailouts will do the exact opposite. It will be a quick fix that will make things much worse in the future.
- TheBlueOne0
"I see comments like 'good thing they bailed out the banks and not these guys' where is the logic in that reasoning?"
That wasn't reasoning, that was irony.
- bekannt0
cars for americans in america by americans
- lowimpakt0
aside from the shite cars... what about the millions of people employed throughout the industry?
Over 500,000 jobs lost in the US last month alone...
It's a fucking mess.
- tkmeister0
What's really funny is that UAW chief blaming senate GOP.
- kona0
we might be doing a little car shopping this weekend. low ball the fuck out of them on a new hybrid ford escape, THEN tell them we have a car to trade in.
it's gonna be fun.
- mg330
Obama is going to give is a car that runs on DREAMS!
- hopes and dreams, actually.Frosty_spl
- and change.. literally.. nickels, dimes, quarters.nicole_marie
- designbot0
What is also pretty sad is the Unions fighting against any kind of pay cut for the workers. If you had the option of no job, or getting paid less, which would you take? Sure it's sucks for them, but get a grip.....you guys are going bankrupt....and you don't want to make any sacrifices?!
- yupkona
- yup - ask american airlines what they did to tread waterBonSeff
- this is problem...no creative, flexible thinking. They're working off same script for 50 years.monkeyshine
- DrBombay0
Michigan is fucked already, wow.
- ukit0
Jack Nicholson driving a hydrogen car in the 70s...kind of gives you an idea how little progress these guys have made on alternative technologies in the last 30 years