US Auto bailout rejected
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- thumb_screws0
- Haha, screw the man. I'm so sick of seeing stuff like that happen on "private property."dMullins
- hiatus0
i really dont understand how they dont have the money. the company has been making so much $$$ of the sale of the cars. There not a start up Co. they made there money in millions, a large company should have to worry about rainy days or years in this case. they fucked themselves by giving the insider exes to big a bonus. betwn a few of them they got a billion or 2. they just should get checks for a couple years. live off the saving they have. there personally not worried, the top executive could not work till the economy gets better and find a place 2,3 -5-8 years.
fuck them, learn how to run your shit. game on bitch!
sorry for the typos, ranting!
- designbot0
Could you imagine if this bailout did pass, and then 5 years down the road they went bankrupt anyways? I think the chances are pretty high this would happen, unless they got EXTREMELY innovative.
- yes, I can and that is exactly what is going to happen...except it won't take 5 years.monkeyshine
- whodovoodoo0
THEY DONE NEED NO MONEY, MAKE DEM BURN THE MONEY BURN THE MONEY
- chossy0
Do American car manufacturers make small euro boxes?. Or just massive saloon estate cars etc.?..
- They make all of the above. Americans don't buy tiny boxes though. They drive trucks and whine about gas prices.Mimio
- hmmm shitting in your own nest likesey!!!.chossy
- Those aren't even available over here, teh small boxes made by ford, GM, etcharlequino
- you can crap all over trucks, but some people actually need them. careful w/generalizations.sputnik2
- DrBombay0
I think many of you people are forgetting about the millions of families that are going to be effected by this, in your fervor against the executives.
- Also consider that these companies failing will push our economy from bad to insanely badukit
- yup, but get your bloodsport on, I guess.DrBombay
- no, dobs. see my post. but this isn't going to prevent layoffs anyway. AND...its just buying a little time...and not much.monkeyshine
- people need to eat.DrBombay
- Oh sorry, I'm forgetting about the families with bloated salaries. My bad!dMullins
- gustavfive0
it's going to effect more then just the auto companies
- chossy0
Interesting points made previously about the unions, some people at an old company I worked for refused to take any pay cuts so they kept their salary and the company went down about 4 months later, interestingly enough the people that didn't take pay cuts have not done very well for them selves since. It's a shame but they shouldn't have been so selfish.
- DrBombay0
If you have 2 million people out of work collecting unemployment compensation, there is your $15 billion bucks.
- the state pays unemployment, not the fedsBonSeff
- And when the States go bankrupt?TheBlueOne
- im just sayin- if you want to talk hypotheticals, knock yerself outBonSeff
- Ca-li-forn-ia!Mimio
- ukit0
I wonder if those of you cheering that this doesn't happen will still be cheering when the economy drops off a cliff because everyone at GM has lost their jobs.
Even Bush and Paulson realize how dire the consequences could be, it's not for nothing that they are considering a "backup" bailout using TARP funds. I don't think Bush is in bed with the auto unions, they are doing it because they realize what the consequences will be.
- designbot0
Right, it really is sad. I feel for the families that will be affected. Having kids myself, I can't imagine what it must be like to be the only income for your family and lose your job.
Hopefully this will drive real innovation and spark some entrepreneurs to start their own businesses. There is also potentially an incredible future for this country in alternative fuels and other renewable energy....and of course automobiles that utilize these. And so, I think this failure has the potential to produce a surge of jobs this way in the future. But it will not happen overnight, of course.
- fyoucher10
Gonna miss the Caddy's.... :( They are awesome and well-made cars despite some of the posts about American made cars.
- brandelec0
may be renewable energy will create 2 million jobs
- CALLES0
so trnasformers are going to be toyotas and hondas? they cant pay for the movie right?
- designbot0
ukit, with all do respect, I don't see anyone in here "cheering" that this bailout didn't get passed....or that these automobile manufacturers are going to fail.
I think most people realize that either way this went, there are potentially harsh consequences. The question is, which is the better solution.
- gustavfive0
So if GM, etc. fails, what is going to happen with the law of supply and demand? from a steel and computer standpoint... won't that spike the prices for Toyota and other manufactures?
Not to mentions DrB's point about unemployment... I'm not for the bailout for the CEO's benefit, I want it for the worker
- monkeyshine0
First off, I don't see anyone cheering for the demise of these companies. However, I think it is very wishful thinking to believe that this bail out will stop layoffs. There are going to be layoffs. And, as it stands now, it seems that this bail out is just creating this illusion that everything is going to be okay. The auto industry has no plan other than more of the same. They have no viable business plan.
I'm not saying that nothing should be done; obviously something has to happen...I just don't believe the auto industry should be written a check to go be as incompetent as they have been.
- I guess what I am saying is that bailing them out seems like the better of bad options...ukit
- well there was this one http://www.qbn.com/t…ian
- BonSeff0
Do you really think this shit will be Unionized?
http://www.theautochannel.com/ne…