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its not about what people deserve or what the government owes who. its about whats best for the country. and the government loaning 30 odd billion dollars that will be repaid with interest inorder to save millions of jobs is in the best interest of the country. a 34 billion dollars LOAN isnt going to make the govt go down the drain. the what is it now, 1.5 trillion? they're GIVING to banks might though.
Whatever. I don't care about Detroit. It's about time the city became a ghost town.
avo how exactly do you say bailing them out is best for our country? You know what a lot of companies would do with 34B? A lot of companies would generate jobs just like the auto companies. Plus,
they wouldnt generate nearly as many jobs as the amount we would loose if the auto-companies didnt receive it, plus, the government isn't loosing the money, they're loaning it! they'll make money off the deal.
If the auto companies couldn't pay off much of the debt it already owed, what makes U.S taxpayers think it will be able to repay yet another loan with interest.
Want to try to save as many of those jobs as possible? Loan the money to Toyota, Honda, Mitsubishi or the Chinese Chery for the express purpose of taking over these poorly managed companies and reforming them into productive entities.
Firing your experienced workers and replacing them with bums worked wonders for Circuit City.
avo
avo the big three have been laying off people for ages, and they will continue to do so... even with the bailout
like i said, they're just stalling the problem
if not now, it will be in 6 months...if not then..in a year
and there you've just lost the same amount of jobs and 34 million of tax payer money
and if they loose jobs..fine.. GOOD
obama will have lots of workers free to hire to follow up on his alternative energy plans 
the more the merrier 
Esa who said, replace them with bums?
don't replace them.fire them..and re-hire them
not they work for $30 less than they used to
and i'm sorry but i'm not aware of how unions work there but isn't it that you can only fire from bottom up?
> The Yell wrote:
> avo if you think its just one bite and for the rest of hte year they won't be back for more every two months, I got a bridge to sell you
this whole bailout is a waste, we will not get this money back and we will not cure the recession with deficit spending
oh, so you're intimately familiar with the finances of the big three? stop pretending like you know more then you do. the big three have given lots of financial information to congress and it appears that congress beleives that they wont need anymore. but ofcoarse you must know more about their finances then those people, right?
> tavius wrote:
> If the auto companies couldn't pay off much of the debt it already owed, what makes U.S taxpayers think it will be able to repay yet another loan with interest.
Want to try to save as many of those jobs as possible? Loan the money to Toyota, Honda, Mitsubishi or the Chinese Chery for the express purpose of taking over these poorly managed companies and reforming them into productive entities.
all auto-makers, including Toyata are loosing money in the US right now. the auto-companies cant pay off the debt because the economy is trash. the lack of a bail out is only going to make it worst, and best case scenario will only cost the US 3 million jobs.
what makes you so knowledgeable that you know more about the Automakers then anyone else? please enlighten me. Keeping the big three up, even if it costs, God forbid another 30 billion is the only way to stay off a full blown depression.
Avo...
Considering the fact they are in front of the Federal Government asking, no begging them to save their company's.. i'd say any bum on the street knows more of the big 3's finances then they themselves do.
> Gladiator wrote:
> avo
avo the big three have been laying off people for ages, and they will continue to do so... even with the bailout
like i said, they're just stalling the problem
if not now, it will be in 6 months...if not then..in a year
and there you've just lost the same amount of jobs and 34 million of tax payer money
and if they loose jobs..fine.. GOOD
obama will have lots of workers free to hire to follow up on his alternative energy plans
the more the merrier
whats the problem they are stalling? they arent just laying people off, they're hiring people at significantly less then the people they fired were making.
> lmperial wrote:
> Avo...
Considering the fact they are in front of the Federal Government asking, no begging them to save their company's.. i'd say any bum on the street knows more of the big 3's finances then they themselves do.
well, thats pretty illogical. how do you reach that conclusion given the information you gave?
> avogadro wrote:
> > lmperial wrote:
> Avo...
Considering the fact they are in front of the Federal Government asking, no begging them to save their company's.. i'd say any bum on the street knows more of the big 3's finances then they themselves do.
well, thats pretty illogical. how do you reach that conclusion given the information you gave?
1. It's called sarcasm.
2. They are CEO's, and pretty ignorant ones at that, i read several articles about the big 3 CEO's that just made me gasp in amusement, in how stupid they are in fact, they are figure heads and nothing more, they are simply relaying figures, and understands relied to them from their CFO's and heads of several different accountant firms, i wouldn't honestly put ANY stock in their knowledge of their own companies, typical it's handled by boards of executives.. the CEOS are just Political morons - Hence why they are in need the money to begin with.
@ [] Neuch
You sir, are Ignored, and have been.
> lmperial wrote:
1. It's called sarcasm.
2. They are CEO's, and pretty ignorant ones at that, i read several articles about the big 3 CEO's that just made me gasp in amusement, in how stupid they are in fact, they are figure heads and nothing more, they are simply relaying figures, and understands relied to them from their CFO's and heads of several different accountant firms, i wouldn't honestly put ANY stock in their knowledge of their own companies, typical it's handled by boards of executives.. the CEOS are just Political morons - Hence why they are in need the money to begin with.
[flame]
You sir, are Ignored, and have been.
/facepalm. dont try sarcasm, its too complicated for you. if what was said was sarcastic, you would mean that the ceo's are extremely knowledgeable about their companies. i think what you meant was you were using hyperbole. that would make more sense.
well, i dont know what article you meant, so i'll just have to smile in amusment about what the ex-marine that was kicked out because he was physiologically unstable thinks about the integrity of the big 3's CEO's.
well, they had no problem gettings loans until this economic crisis, maybe, just maybe, the bank's being extremely tight with their money, to the point where they're destroying every government's economy in the world, could also explain why the big three arent getting loans. just maybe.
well, Buffett would have to liquidate half his stocks. he would have alot to loose, too. foriegn governments would sooner support their own auto-industries and their country's economies in this economic climates. The Arabs hate the US and would rather see several million more of us unemployed. money isnt floating around right now.
34 billion is alot, people dont have it just lieing around...
and the worst economy since 1932 doesnt recover in a year, we're talking 10 years minimum if the big three go bankrupt.
If the US bails out their car manufactures other countries will protect their own companies as well.
They won
you know, i gotta say
the only one of those three, i wouldn't mind getting some money would be Ford
just because they're the only ones who actually did make some fairly nice cars--> offcourse the honda accord beats everything but still..ford comes the closest GM SUCKS!!
and avo, isn't it against the union contracts to fire older workers? and that they have to do it bottom-up...
is it different in america? i don't know too well, how unions work there..
well, i doubt theres laws about it. there might be parts of their contracts that ask them to do that, but right now the unions arent really in place to demand shit, infact, the UAW is voluntarily giving up more benefits, such as suspending the job pool.
"If the US bails out their car manufactures other countries will protect their own companies as well.
They won
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