HeathenBrewing

its_ikon

at least the bailout was shot down.

Big_Bird

old news

HeathenBrewing

Was it?

http://money.cnn.com/2008/12/12/news...ion=2008121215

VIP_CAMO

i was thinking this same thing ..i was like dam i dont even have american car but i still got to pay ish ish ish

Jlowe

Ehh, its better they did the bailout.
Otherwise millions would be out of a job, and that would impact our economy even worse than us paying.

teamben158

Millions wouldn't be out of jobs.

At this point, the bailout will be like putting a bandaid on a severed artery.

They need to let them declare bankruptcy, then they get a supervised restructuring and most importantly, get out from the selfish UAW.

its_ikon

i guess the news story i heard was not very forward. here is the story they ran this morning

White House Action On Bailout Not Imminent

they than contradict the title of the news article with a sub title that reads
Administration Says It's Ready To Step In To Avoid Collapse

Metro273

I think only GM should be saved!...

xdorkx

/\/\/\ I agree, I want to see the new camaro on the streets! :drool:

theoneandonly

MY OPINION~ Let them file bankruptcy, be taken over by the government to oversee restructuring, warranties would end up backed by the federal government and they would be able to do some "house cleaning".

Metro273

^^^Exactly! To start with, get rid of those high-paid CEOs...

its_ikon

if anything, they should save toyota when they need it. they are more american than american cars these days. in reality, no one deserves a bail out

xdorkx

I agree.

Hey Sam, Yvette and I will be in Vegas for 5 days for CES (Jan 7th--11th or so).
Just FYI if you and Karen wanna do anything.

jeff

its_ikon

will be in tahoe that weekend.

nauticac

I thought 14 Billion was already approved?

teamben158

It got approved, but then had to get approved by the Senate.

They shot it down because the UAW would not budge on the wages they pay people. Greedy jerks ruined it.

nauticac

Ahh okay thanks for explaining!

HeathenBrewing

Interesting fact: Since the stock markets inception (around 1880), guess how many of todays companies are still listed?


The answer: One. GE is the name of the company.

Capitalism is cutthroat and tough. Let companies sink or swim on their own merit. Bailouts are Socialist thinking, not the thinking of free markets. Let the ‘Big 3’ fall and lets learn our lessons on why they failed and start a new and improved American automobile.

I think nostalgia is a big part of why this bailout scheme is still around. Let go of the past and move into the future – embrace and welcome change. Stagnation leads to death.

CarbonXe

iTrader: (1)

Yup. Instead of a taking a slight pay cut, they decided it would be better to collect unemployment.


The only company that should be saved, is GM, if they commit to killing off Cadillac, Hummer, Buick, and Pontiac. None of those 4 companies have even tried to make an effort at making a more efficient vehicle and none of them have even made profit in years. Ford has been holding its own, and doesn't need much of a saving. Mullaly is already in the process of saving Ford. They just need to get rid of Lincoln and Mercury, they're just dead weight at this point. Then there is Chrysler. Chrysler should have burned down to the ground a long time ago. They haven't even made a quality car since the...lol nevermind.