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Automotive News & Views Do You Favor A Government Loan To The Detroit 3?
3958 messages, Last post on Oct 02, 2009 at 4:52 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: fintail (Dec 12, 2008 8:32 pm) Isn't this just tit-for tat? The same sort of thinking that had/has various groups seeking payback in various areas of the world for centuries? Only you're suggesting it in the economic environment. Maybe it's time to say we can't change the past; we can only do what's right from here on out. No bailouts for anyone that fails, or cheats. In fact I suggest we toughen laws to go after employees that have profited greatly, stripping them of all income above the national average, in years which led up to their demise. For example if you run a stock firm, and invested the last 5 years in risky mortgages, and your firm fails because of that, anything you made in the last 5 years is seized - whether they grab estates, stocks, or accounts in Switzerland.
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Replying to: kernick (Dec 13, 2008 7:17 am) Now that's a great idea. Maybe on top of that, all companies should pay into a fund....like 1% of profits, kind of an insurance plan, to keep them in line. If anything illegal was happening, all investors get paid back money that was lost through illegal or reckless transactions. If there are no problems, companies are rebated half the funds every 5 years...bit of an incentive to act responsibly. |
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Replying to: hpmctorque (Dec 12, 2008 3:35 pm) I think you could pick one up at a really low price. Lack of side cladding or having it doesn't really help when a car is that butt ugly. Which brings up another point. The new Chevy Traverse SAV seems to be a pretty descent vehicle, folding seats, new design, but does GM really need another SAV? |
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Do what the government did during World War II. They got all the scientists and brains of the day into one group and kept them in seclusion until they came up with the Atomic Bomb to end the War! This is a war to invent something so new that the American car market would dominate the world. (Maybe the scientists will learn how to bend gravity and make cars think they are going downhill. No need for gas or even lithium batteries there.) The point I'm making is... behaving in war terms. Use the money to the advantage of the best minds in a war situation, and they WILL come up with the answer. Forget the bailout per se.
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Replying to: bpraxis (Dec 10, 2008 3:09 pm) Isn't the ultimate piano - the Steinway - still manufactured in New York? My family once had a Herman Winterer piano which was made in Philadelphia in 1935. You can still see the Winterer factory from I-95 though it is graffiti-scarred and in somewhat disrepair. |
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Replying to: tlong (Dec 10, 2008 8:35 pm) Ask the man who owns both a 1988 Buick Park Avenue and a 1989 Cadillac Brougham in excess of the mileages you posted - they do extremely well!!! You take care of a Cadillac or Buick and they'll reward you with decades of loyal service!!! 
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do what other firms have done when money is needed. Discount the merchandise by 50% enabling the taxpayer to contribute via purchasing and get something in return immediately. The big three can immediately credit all of their dealers 50% of their inventory cost and cut the MSRP in half. True, it would drive down the used car inventory value, but at least the dealer would still be in business, the factories would get their needed income, & the taxpayer would win with a new car. No way should the taxpayer donate to the vehicle industry until that industry cuts inventory by slashing prices at least in half. As for Middlefinger & his union minions, they don't deserve the retirement benefits at the expense of the rest of us. They had their chance to accumulate savings and investments on their own, just like the rest of us. |
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Replying to: lemko (Dec 13, 2008 11:25 am) |
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Replying to: lemko (Dec 13, 2008 11:25 am) Here's some good whine for Detroit.
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Replying to: steve_ (Dec 13, 2008 11:48 am) Ponzi Scheme Celebration Regards, OW |
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