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Do You Favor A Government Loan To The Detroit 3?

3958 messages,  Last post on Oct 02, 2009 at 4:52 PM

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What is this discussion about? Legislation


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#1568 of 3958
Re: government loans [dtownfb] by gagrice
Dec 13, 2008 (1:44 pm)
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Replying to: dtownfb (Dec 13, 2008 1:34 pm)

What is everyone's thought on this theory?
 
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.
#1569 of 3958
Listened to Ed today by tired_old_dave
Dec 13, 2008 (1:46 pm)
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Live in DFW so don't have to listen to his radio show on the net at his site. Shame more don't listen. I agree with him the far right southerners wanted to break the unions and the far left liberals want us all to drive plug in personal commuting vehicles (trying to be polite).
 
But he went out of his way a few times to honor the President elected in 1980, saying his soothing speeches were a comfort in a troubled time. He reading his lines like an actor, wasn't the only answer for us-he was selected for us just like the country was prepared for the current President. Please note that I am very respectful of the offices of the government which are held by citizens for the common good of all. Our founding fathers were smarter than some believe. Separation of Powers, and the right to be free from your religion.
 
 And I wished that Rick had shown his other cheek when he had the chance, maybe he will again. Ed reminded us that Rick and gm's zero interest loans after nine eleven gave all car manufacturers one heck of a great october sales month and got the country out of a major junk based on media led fear. Never fear even when you are looking down the barrel of a rifle, a knife in your back, or when a heck of a big guy has his nose against yours.
 
And on the show and his site, the other countries, without hesitation, have stepped up to save their automotive industries. Canada or is it just the Ontario Provincial government will add twenty percent of the loan/bailout to keeping Detroit going. Of course we know about the plants across the border from Detroit.
 
About ready to bust open the garage and put a big ole American truck in there, then on his show thought I heard $13k off of an h3, basic h3 for 19,999? Still thinking about that unlimited jk and the fun of seeing all those jeep employees all the time. Ed did remind us that this is inventory clearance and after this you may buy small because you can't afford anything else.
 
The radio show got a little far right about socialism and that it started with FDR and social security and the disgust about political decisions favoring one company versus another. A political decision by definition is a decision for someone at the expense of another. But he cleared up the misinformation about a political leader stating the "riots" in that Chicago building was only a sit-in. Does he remember Sol Alinsky too. F..tins, S..tins if I remember correctly from a management course in a southern red college, even had to read the playboy interview.
#1570 of 3958
Re: Ford's tough [lemko] by elroy5
Dec 13, 2008 (2:05 pm)
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Replying to: lemko (Dec 13, 2008 11:30 am)

That's nice, but that's barely out of warranty. What about at 75K, 100K, 125K miles?
  
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!!!

 
My father still has his 71 Impala. That says NOTHING about it's reliability, build quality, or it's driving dynamics (which are all less than stellar). It only means it's been sitting there for quite a while. His Impala, and your Buick and Cadillac are Dinosaurs, worth more as scrap metal than cars at this point.
#1571 of 3958
Re: Ford's tough [grbeck] by explorerx4
Dec 13, 2008 (2:10 pm)
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Replying to: grbeck (Dec 11, 2008 7:18 am)

i think most CR subscibers are not inclined to buy anything domestic.
it's just not in their genes.
all auto retailers are in trouble due to the housing meltdown and for which 4.50 gas was the match. look at the november sales percentages. it was a huge downturn across the board.
#1572 of 3958
Re: Ford's tough [elroy5] by gagrice
Dec 13, 2008 (2:12 pm)
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Replying to: elroy5 (Dec 13, 2008 2:05 pm)

worth more as scrap metal than cars at this point.
 
That may be true. However my wife's 1990 LS400 is still going strong and gets driven 3 or 4 times per week. It may be worthless as a trade-in. It is still a very reliable car for us to have. No good reason to sell it at scrap prices. We will just keep driving it until something expensive fails.
#1573 of 3958
Re: Ford's tough [elroy5] by lemko
Dec 13, 2008 (2:30 pm)
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Replying to: elroy5 (Dec 13, 2008 2:05 pm)

One man's trash is another man's treasure. As far as I'm concerned, my old Caddy and Buick are worth their weight in 24K gold and flawless diamonds.
#1574 of 3958
Re: Ford's tough [explorerx4] by elroy5
Dec 13, 2008 (2:51 pm)
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Replying to: explorerx4 (Dec 13, 2008 2:10 pm)

For a long time CR was considered the lone source of un-biased (no advertising $$) thorough testing information available. This did not bode well for the Detroit 3 in the 80's and 90's, because their cars were "sub-par", and CR said so.
#1575 of 3958
Re: Ford's tough [lemko] by dino001
Dec 13, 2008 (4:17 pm)
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Replying to: lemko (Dec 13, 2008 2:30 pm)

Then go and buy them - I'll be last to stop you. Of course as a loyal supporter, you will buy at MSRP+$2000 ADM (dealer fund) + $2500 (UAW fund), won't you? Oh, I forgot - it's not about you - it's abou making ME buy their cr.., I mean product. Of course, that's on top of my taxes going now to Gettelfinger election comittee...
#1576 of 3958
Re: government loans [dtownfb] by clancey
Dec 13, 2008 (5:08 pm)
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Replying to: dtownfb (Dec 13, 2008 1:34 pm)

I am not against unions per say - Just this union or others that do not want to accept the market forces. Each agreed to a contract - It would not matter if the union workers made $125.00 per hour and the company could make a profit selling their product ( cars, whatever ) But when you hold up the American taxpayer for money because you cannot make a profit both parties need to consider changes. If not, you fold, and another company will come along and figure out how to do so with a profit. The Dems seem to support the unions no matter what - it does not seem to matter if its cars or sub par public education. Restructuring the big three will not destroy the country.
#1577 of 3958
Re: Listened to Ed today [tired_old_dave] by iwant12
Dec 13, 2008 (5:12 pm)
Reply

Replying to: tired_old_dave (Dec 13, 2008 1:46 pm)

I presume you're talking about Ed Wallace. I have the utmost respect for that man, listen to his show when I can, and read his articles every Sunday in the Fort Worth Star Telegram. In fact, I save Wheels for last, as I consider it the most important part of the entire paper!

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