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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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were those really tattoos all over Dennis Rodman? Those that agree that they are, how can you be so sure? I'm right with ya on those thoughts of yours. These people financing their McMansions on little more than a hope and a prayer and the lenders that loaned them the money, then sold their loans down the river, hey I've got some ocean front property over here in Arizona I'd love to show you.  Was that really George Strait's voice recorded on that song?  Did NASA and the U.S. really land on the moon?
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Replying to: pf_flyer (May 08, 2009 5:31 pm)  Thing is, while there usually (not always but usually) is a "right" and a "wrong," the trick is getting to the root of the issue to figure out what they actually are. And since they tend to never be as simple as people on each side want to convince you that they are, it's usually easier digging a tunnel to China. With a teaspoon. Example: GM/Chrysler evil! No, UAW evil! No, bondholders evil! Right answer: GM/Chrysler = stupid, UAW = sneaky weasels, bondholders = scam artists. Simple...once you dig through a million miles of mud, generated by all the flinging of it.
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It doesn't matter if anyone is in favor of loans. The D3 will get cash to stay alive. Has this column become a place to complain that my tax money goes to a manufacturer who I once bought a car from and did not have a good experience, and therefore I want to turn the tide of everyone against the D3? What we need is a thread titled "I had a bad experience with a GM or C vehicle and now I buy ____________s". The people who will post there wouldn't even test drive a GM or C so they could all agree with each other when the D3 get trashed.
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Replying to: dave8697 (May 08, 2009 6:31 pm) I think it is just what the heading says. Some people believe the government is capable of fixing the domestic auto industry and others myself included think government should stay the H*** out of private business. I think that a large percentage of Americans do not believe the bailouts are a good thing. GM and Chrysler will lose potential customers that do not want to support Government Motors. If nothing else it is unfair for the legitimate car makers that are not taking tax dollars. These are not simple loans like Chrysler in 1980. This is life support. Both GM and Chrysler would have been done last year if Bush had not pulled a sneaky play to get money allocated for the banks handed over to the automakers. |
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Replying to: gagrice (May 08, 2009 7:02 pm) And how does this group size stack up with the group size of the owners of the more than 88 million GM vehicles out on the road today? None of those folks will ever need replacemant parts in the future? I believe more would be driven away if BK came fast than will be driven away because a company got a lift. Toyota and Honda didn't lose that many customers when it was discovered that their gov. pays their employees health ins. and subsidizes R&D for their industry.
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Replying to: dave8697 (May 09, 2009 4:49 am) Toyota and Honda didn't lose that many customers when it was discovered that their gov. pays their employees health ins. and subsidizes R&D for their industry. The US government has spent billions on R&D that has directly benefited the Domestic auto makers. HonToy does not get health care coverage for their US employees. And in Japan the people are taxed very heavily for that coverage. You and Rocky are always looking for a free lunch. There is no such thing as FREE Health Care for the working man and woman. YOU WILL PAY FOR IT.
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Replying to: dave8697 (May 09, 2009 4:49 am) That's because the media presented it with the same bias indicating it was a good thing rather than a bad thing for competition with US brand cars from US companies. If the media had treated that as the unfair trade item it is -- or it the media were to have treated it like they treated the C & GM companies needing some cash after the gov crashed the credit market making it even harder to sell the cars and crashed the consumer confidence market making it even harder to get people to buy cars, people would have perceived the government subsidized foreign companies as the factor it is.
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Replying to: gagrice (May 09, 2009 5:35 am) That's a good thing. At least we've not been subsidizing the foreign companies even more than through past two decades. |
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..."After running up the biggest loss in its history, Toyota Motor will focus on finding ways to make more money selling small cars to cope with a devastating shift in consumer demand." Toyota executives outlined their back-to-basics approach Friday as the company disclosed a stunning $7.7 billion loss for the January-March quarter, a bigger loss than General Motors suffered in the same period. "... link title While this might come across as an exercise in watching paint dry, for my .02 cents, this (along with the big 4 bru ha ha) signals that prices even the small car segment will rise (almost exponentially) in the 5-10 year/s time frame/s. |
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