US Auto bailout rejected
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- 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.
- mightcould0
- Was a great movie, and a sad demise to the electric car. Just like medicine, there's no cash in the cure.dMullins
- TheBlueOne0
Unfucking real...
http://bloomberg.com/apps/news?p…
"The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral."
he American public is just a bunch of fucking patsies for these clowns...
- Thank you, someone who agrees with my limited scope and point of view for my arguments.dMullins
- ETM0
I am constantly in awe how many non-Americans think that only America will be drastically affected by the loss. Just like what is going on now only is affecting the States, right? Lets not forget the Depression, was a world wide event. I am not American, but I can see the ramifications it will have world wide to have such large world-wide employers disappear in one shot. It will takes years for the other manufacturers to fill the gaps. And then watch quality drop as they scramble to fill such demand. All vehicle prices will also skyrocket as demand soars.
Metal works, plastics, mould and die companies, parts makers etc etc will all fold. Yes, there will be new demand in time, but most companies can't weather the transition. It's gonna be bad.Steel, iron and aluminum prices will drop further, mining will be hurt
That's just a tiny bit of it all. It's all connected. Its a world economy.- If Ford went, they own near half of Mazda and might take that as well unless someone bought it out.ETM
- http://www.independe…TheBlueOne
- keiTai0
random thoughts:
- what about the finance of a car? How does average joe do that, via a loan or savings??
- why does the auto industry needs the $14 billion for? paying their employees for doing what??? producing more cars where there's no demand for anymore?
- Obama gets a plate full of sh#t
- i do feel for all those people who might lose their jobs
- bekannt0
cars for americans in america by americans
- BonSeff0
http://www.cnn.com/2008/US/12/12…
Fewer than half of the parts on some Big Three vehicles are made in the U.S.
Looking at a Ford Fusion? It is assembled in Mexico. The Chrysler 300C is assembled in Canada, but its transmission is from Indiana; the brand's V-8 engine is made in Mexico. Engines in the Chevrolet Equinox sport utility vehicle are from China.
On the other hand, Toyota's Camry is comprised 80 percent of parts made in the United States, and 56 percent of Toyota's vehicles sold in the U.S. also are made here, according to Toyota spokeswoman Sona Iliffe-Moon.
The Toyota Sienna and Tundra also have 80 percent of their parts manufactured in the U.S.
- TheBlueOne0
I completely forget the big three are also tied up with billions in financing and credit...which is probably another reason why they are fucked...
- 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.
- ETM0
GM is Opel and Holden in Europe and Australia. More jobs gone.
- ETM0
Maybe the whole 2012 enlightenment thing IS gonna happen as we all become homeless and penniless looking for some sort of purpose.
- Lets all hold hands and sing Kumbaya.ETM
- do you have a lyric sheet?TheBlueOne
- i can play the triangle.SteveJobs
- Why, here are the lyrics:
http://en.wikipedia.…ETM - ...and I can play the spoons. Hoedown anyone?ETM
- I so into that actually happening. Then instead of fighting each other, we can worry about problem #1 -- our planet's survivability.dMullins
- ...planet's survivability.dMullins
- 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
- JSK0
UAW workers make $70 per hour
Foreign car worker in US make $45 pre hourAlso, there is legacy of retired workers who still get paid.
Thats where the money goes. And they refuse to cut any.- They don't make $70 an hour. Stop with the rightwing propaganda.TheBlueOne
- http://www.huffingto…TheBlueOne
- DrBombay0
Michigan is fucked already, wow.
- ETM0
They make $70 per hour because so much goes back to the union coffers. That's why I said earlier they need to find a legal way to shed the union. It's an outdated concept for today. And yes, the union needs to pony up and help as well or wither and die with the Big 3.