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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: lemko (Dec 13, 2008 12:00 pm) |
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Washington should reach in my pocket to reward a failing company whose products I have owned and deeply regretted the purchase. The endless reliability problems and when the dealership did manage to acutally fix the problem of course there would be ample greese in the interior and new scrathes in my paint, door nics, etc. Where has the moral compass in this country dissappeared to? What happened to not stealing other peoples savings? The answer to the question is NO NO and NO. |
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Replying to: nardk (Dec 13, 2008 11:24 am) You are right to point out that there should be urgency just like in a war. But that urgency should be internal to the people and organizations, that created the problem over the years, and who could fix it. There is no great urgency, as the auto industry feels they just need to make a good show in DC, and continue as usual, and the government is forced to help. There is no issue that the automakers can not solve THEMSELVES. They can rewrite their contracts amongst themselves and shrink their organizations and employees, to get their supply and costs = to the demand and revenue. They have not even started, as they feel it is not necessary, as someone in the government will come to rescue their lazy, arrogant a__es. |
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Replying to: lemko (Dec 13, 2008 11:25 am) While the Steinway is a very top tier piano, the Austrian Bosendorfer, is probably the best. It also predates Steinway. Steinway has had factories in NY and Hamburg Germany for well over 100 years. A decent Steinway for your home is about twice the price of a new Buick. $50k will get you a very nice used Steinway.
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Replying to: euphonium (Dec 13, 2008 11:32 am) We would instantly have one million dollars in scrap metal sitting on our used car lot, no one with a pay off on there trade would be able to trade because they would be buried. Any one who ever wrecked a car would be screwed come claim time, and the list goes on and on as to why that would not work.
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| The government loans are not bail outs of the big three - The loans are a bail out of the UAW. If our government does it, sad to say, but I will never again buy a UAW made product. I have bought GM and Ford for the last 30 years. I hope at least Ford does not take the money. | |
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Replying to: cooterbfd (Dec 12, 2008 1:56 pm) That is true but Subaru sales are dong relatively well this year. And they did not go before Congress begging for money. |
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Replying to: clancey (Dec 13, 2008 12:56 pm) You make an interesting point. I was flipping the channels last night and stopped at MSNBC. They had a gentleman talking about the bailouts and the political parties. Basically he said since the Reagan era, the GOP has been trying ot break the unions because they support the Democrats. His theory is that this is why the GOP will not support any bailout. They see this as an opportunity to break the UAW for supporting Obama and the Democrats. The recent Senate talks broke down because the UAW would not make additional concessions. So there may be some truth to this. It looks like Bush will have to come to the rescue. The Republicans in Congress are not happy. They know the bailout is not popular. And if Bush pulls the trigger, it lies squarely on the Republicans. What is everyone's thought on this theory?
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Replying to: clancey (Dec 13, 2008 12:56 pm) I think many Americans feel as you do. Bailing out the B3 is tantamount to encouraging poor business practices. It will only help them continue in the same direction. GM needs to file C11 and start shedding all the dead weight they have accumulated over the last 40 years of substandard automaking. Let Cerebrus do with Chrysler whatever they like. Who really cares? Though I would consider a Wrangler with small diesel engine for a desert rig.
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Replying to: dtownfb (Dec 13, 2008 1:34 pm) The Unions as a whole have never supported GOP candidates. Many Republicans in the House voted for the bailout. I think it is more of a regional thing. There were several Democrats that voiced strong opposition to the bailouts. I think the country as a whole is against the tax payers subsidizing shoddy manufacturing practices, as demonstrated by GM especially. GM is down around 20% of the market this year. A large portion of those are fleet that make GM next to nothing. I would be surprised if you could find 10% of the population that would only buy GM. Maybe even less. Time for GM to cut loose from the entanglements they have gotten themselves into or just liquidate. |
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Automotive News & Views Do You Favor A Government Loan To The Detroit 3?
