Auto Bailout.......

[spatcher]

Quote:
Brenda I didnt mean to sound callous and I am sure many have been laid off already. I feel for them I really do. They are the ones who will pay the piper for those at the top. They will just go their merry way and get hired somewhere else in an executive position. They caused the problem and will be the only winners when it all falls apart. It just galls me that they are the ones standing there with there hand out; they are the ones in front of congress pleading their cases, doing it with a straight face!

 

[PurpleChicken]

Quote:
Without even looking at the sources, this comment is an oxymoron. You ask BYCers to listen 24/7 and then in the same breath tell them not to take anybody's word for anything. Just saying...

Don't feed the trolls Bluey. The person who wrote that is one, whether
she knows it or not.

This was supposed to be a focused discussion on the auto bailout. Some people
just don't get that.

 

[HennysMom]

so the question remains - if we bail out the "big 3" (again in some instances) - what makes this time any different from the last time? What makes the hand stop coming back for more the next time saying "oh sorry.. didnt work"?

What happens when the other auto makers (not top 3) decide they too are failing and must have a bail out?

what then?? Where does it end?

Paulsen just stated he "reorganized the bailout pkg" without congressional consent on his own accord - (i.e, housing mkt) because that "suddenly turned around for the better" - so what makes us think that the same thing wont happen with the Big 3 hand out? You can lay off workers and close plants down (sorry its not what people want to hear but places are closing all over the country, not just the auto industry, people ARE losing their jobs everywhere) and save $ that way. Problem is - Big 3 (esp GM) doesnt want to do that because it will "cost the company too much $$ upfront" - WTH? Cost the company too much $$? I thought GM didnt HAVE any to begin with hence the 25B handout??

Hmmm

 

[spatcher]

Quote:
Sorry I'm not worthy LadyHawke, I was busy in the military for 22 years while you were doin' yer homework!

 

[HennysMom]

 

[Buster]

Quote:
Sorry I'm not worthy LadyHawke, I was busy in the military for 22 years while you were doin' yer homework!

 

[clifonti]

Quote:
Brenda, I pray for you and your family and all Americans because our economy is going to seriously affect every American citizen. A politician whose name I won't reveal told me he has grave concerns about America's future sovereignty. That we may lose all industry and might well become a nation of service industries (fast food, etc). Other countries will prop us up financially but own and control us in the process. The dollar will be worthless and it would be a wise thing to invest in some gold bullion because that can always be used as currency.

This is not the country I remember growing up. We have become a nation of greed and instant gratification.

Brenda, I hope it makes you feel better to know that DH and I had to declare bankruptcy after 9-11. We both lost our income and were in our fifties; a little late to be starting over. But we moved on and four years later we're doing fine now. Own a small home, have a little land and our critters and some dollars in the bank. I wish you the best. Chin up.

 

[derby]

I confess I haven't read this entire thread, but I wanted to add my 2 cents, because that is all it is really worth. I live about 50 miles outside of Wash. DC and Baltimore. Most people here won't buy American cars. It isn't based on any fact. It's not because they aren't well made. It's because of the IMAGE. Cars around here, and probably most metropolitan areas is IMAGE. American cars don;t have a chance until they find a way to market themselves as being "what your neighbor wants". There are a few cars that have been succesfull image-wise (like the retro Mustang), but by and large, no one will even consider buying American. I would love to see American manufacturing be saved, but how can a bail-out change the IMAGE of American cars?

Derby
Happy owner of multiple GM cars for 30 years

 

[birdnutz]

Go NAFTA!! Thats one law that needs to be broken. How many jobs did the AIG bailout save? Or was that just for people that wanted to save their portfolio? The States can't afford losing more of it's industry and middle income tax payers. In for an ounce in for a pound. 1.6 million jobs lost is a little steep for the economy to survive.
It seems that most people are focusing on the Union more than on the effects. I personally know a man that choose not to go to college. His brother is the D.A. in Casper,Wy. He decided that he could make more income going straight to work on a coal mine in the grass lands and make more money and no student loan bills. So does that make him less deserving of the wages he makes? It's not the worker,it's the greed of the higher people in the corporations that have made the prices beyond the abilities of average Americans.

 

[wendy]

I saw Mitt Romney on the Today show this morning. He made some sense. He said we should encourge the government to get the Big 3 Automakers to take bankruptcy. And then they can restructure and have the a chance to be more competitive. He said he feels that if the goverenment gives them a bailout that it will be a matter of time till they find there demise with that option.
The numbers they gave on TV this morning would be 2.5 MILLION that would be out of work if all three automakers shut down!

Another thing that has been on my mind a long time is the CEO's make way to much money. Why dont they cut there own salary to help the company? I know, I know pure greed, you don't have to tell me.

Just makes me so sick!