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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: kernick (Jan 15, 2009 6:16 am) Big 3 failure with loss of jobs there and cascading effect on suppliers, dealers and others would be devasting for already low consumer confidence. Bail out BIg 3, but demand extensive restructuring, especially GM and Chrysler. A tough and knowledgable business/car guy such as Penske perhaps would be a good czar to oversee overall bailout and restructuring. Will Obama do this?
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Replying to: xrunner2 (Jan 15, 2009 7:42 am) He flew coach btw.  Corker flies coach to brave Michigan critics at Detroit auto show (Detroit News)
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Replying to: xrunner2 (Jan 15, 2009 7:42 am) Organized restructuring is the only way...the rest is smoke and mirrors. Why not put Bernie Madoff as the Car Czar? Give me a break. Insanity. Regards, OW |
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It seems that Larry Flint of Hustler magazine fame is asking that the government give financial aid to the American porn industry. He claims that it has been around longer than the car industry and has become a part of the culture. I hear that the guy who does those "Girls Gone Wild" videos is on board with this too. Can it be true that without government bailouts our cars and dirty pictures will all be coming from China? 
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Replying to: oldfarmer50 (Jan 15, 2009 8:56 am) I have no problem with that, especially the latter. 
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Replying to: steve_ (Jan 15, 2009 7:48 am)
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Replying to: xrunner2 (Jan 15, 2009 10:56 am) Regards, OW |
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Replying to: oldfarmer50 (Jan 15, 2009 8:56 am) Heh....heh Most car magazines have these to attract men to the cars. If they go down, so will the car magazines 
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GM just changed it's sales forecast projections to 10.5 MM!! OK, PUNK! I'll give you under 10 MM SAAR in Q1 AT BEST! Here is a little forecast regarding energy for you to chew on while we wait for the NEXT GM forecast. $25/bbl Oil Make My DAY! Go AHEAD! Regards, OW
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Replying to: xrunner2 (Jan 15, 2009 7:42 am) Forget about the banks and what is wrong with that. The loans to the Big 3 or any other industry is a separate issue. Before I think giving a loan is okay, explain to me why the auto industry can not adjust its size and costs to the proper level. Why can't the B3 adjust their costs to meet their revenues and profits? Aren't all the reasons they're spending more than they bring in within the parties (pensioners, workers, dealers, and execs) power to change? Why should we the taxpayer give them money instead of these parties rewriting their contracts? Let me say again "Why should we the taxpayer give them money instead of these parties rewriting their contracts?" If the B3 are losing money then they can't afford the number of workers they have, the number of plants, their advertising budgets, and to continue to pay their pensioners benefits. They need to REWRITE their contracts. It is THEIR REFUSAL to rewrite their contracts, and CUT their size that is causing their loss of money. It is illogical and immoral to ask the taxpayer who is making $35K - $40K / year with no pension and maybe no health care to subsidize people who make more and have better benefits! 
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