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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

You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires

What is this discussion about? Legislation


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#759 of 3958
Re: Some might say this is a moral issue? [nippononly] by gagrice
Nov 24, 2008 (2:07 pm)
Reply

Replying to: nippononly (Nov 24, 2008 12:57 pm)

You are right about the Jets. They cost about a million a year to have and use. According to a friend with a Cessna Citation. That includes pilot and copilot expense. Not much of that loss can be attributed to the corporate jets.
#760 of 3958
Re: Car Pool to Washington [circlew] by gagrice
Nov 24, 2008 (2:09 pm)
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Replying to: circlew (Nov 24, 2008 2:03 pm)

I will lead a march on Washington the likes Obama has not even thought could be possible!
 
I might join you. I would like to see the Smithsonian before I die. Never been to DC or had any real desire except the museums.
#761 of 3958
Re: Car Pool to Washington [gagrice] by imidazol97
Nov 24, 2008 (2:12 pm)
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Replying to: gagrice (Nov 24, 2008 2:09 pm)

>except the museums.
 
May I respectfully recommend the Tomb of the Unknown Soldiers and the changing of the guard. I also recommend Lincoln Memorial. Union Terminal is interesting for people watching.
#762 of 3958
Re: Volt and Fusion hybrids... [iluvmysephia1] by steve_ HOST
Nov 24, 2008 (2:27 pm)
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Replying to: iluvmysephia1 (Nov 24, 2008 10:15 am)

Ok, fess up - you have some money invested in this Pininfarina-Bollore project, right?
 
DC is a hoot; better to take the Metro than try to drive though.
#763 of 3958
Re: Car Pool to Washington [gagrice] by circlew
Nov 24, 2008 (2:31 pm)
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Replying to: gagrice (Nov 24, 2008 2:09 pm)

I was there 4 years ago to attend the belated funeral of my Uncle, who's remains were identified from 49 years ago (where he served in the USAF) in the Philippines in dense jungle. It took 2 years for the Gov't to set up the return of him and the other members of his plane and another discovered in the same area.
 
Arlington is quite a humbling experience especially in a full burial ceremony. I will never forget it and the sacrifice that is beckoning to you even today. I salute all of these souls and their families.
 
I really appreciated the Lincoln Memorial and the WWII Memorial.
 
Hopefully, the Big 3 CEO's will take a swing past Arlington National to give them a clearer baseline from which to lead the necessary change and forget their huge compensation and EGO.
 
Regards,
OW
#764 of 3958
Re: Car Pool to Washington [circlew] by imidazol97
Nov 24, 2008 (3:14 pm)
Reply

Replying to: circlew (Nov 24, 2008 2:31 pm)

We saw funerals in progress when we were there. Also stop at Kennedy's gravesite while you're in Arlington.
#765 of 3958
Re: big 3 reputation [dieselone] by dave8697
Nov 24, 2008 (3:15 pm)
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Replying to: dieselone (Nov 24, 2008 8:48 am)

I live 100 miles to the SE and find the same perspective applies here.
The short list of my dislikes of Bush has grown over the bailouts. Another $350 Billion for citigroup? but nothing for GM? I think Japan owns a good chunk of Citi.
#766 of 3958
No Bailout for the Detroit 3 by xnewman1
Nov 24, 2008 (3:21 pm)
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Sorry, these guys did it to themselves. If we individual taxpayers were in need of a bailout because we couldn't pay our bills, you think the feds would bail each of US out? Don't think so . . . Originally I was for a bailout because I thought it would save jobs, but let's face facts, the Detroit 3 were going to cut a good portion of those jobs anyways! Let them get themselves out of trouble . . . if they can.
#767 of 3958
Re: Car Pool to Washington [circlew] by iwant12
Nov 24, 2008 (3:26 pm)
Reply

Replying to: circlew (Nov 24, 2008 2:31 pm)

Hopefully, the Big 3 CEO's will take a swing past Arlington National to give them a clearer baseline from which to lead the necessary change and forget their huge compensation and EGO.
 
We can only HOPE they take a cut. Or maybe they should just commit hari-kari!
 
BTW, I wonder if the B3 CEOs watched the SNL skit (surely they did). That had to sting . . . or perhaps not.
#768 of 3958
Re: Sales not going UP anytime soon [kernick] by dave8697
Nov 24, 2008 (5:03 pm)
Reply

Replying to: kernick (Nov 24, 2008 10:34 am)

But on the other end the high MSRP can be a turnoff for the reasons you mentioned, or the number just looks daunting. Who wants to buy an Impala with a $23K+ options sticker, when a 2 year old one is listed for $10K.
 
2 yr old for $10k is BS. With 100k miles on it....maybe.
Even the Accord loses over $4k in depreciation in year 1.
I could have had an Impala for a price that would have virtually made depreciation a non-factor.
Nobody pays MSRP, that's just the number that would give GM a viable business plan

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