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Old 12-04-2008, 04:15 PM
 
5,270 posts, read 11,166,993 times
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Big Three back on Capitol Hill asking for help - Dec. 4, 2008

The executives for the Big 3 continue to come back to congress for aid. I feel their pain, but the fact of the matter is that poor management has led to a collapse of their businesses. I also fail to understand why they donít have some fall-back plan. For example, Fordís biggest losses are in their SUV line, then trucks, then cars. Why not cut out the SUVís, minimize the trucks and work on the cars mainly. I know the unions have already made concessions, but maybe they could make some more in order to keep the company afloat. Tough times call for tough decisions- not a handout (ie, ďloanĒ) from the government.
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Old 12-04-2008, 08:28 PM
 
Location: Chicago
5,951 posts, read 12,595,807 times
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I think it's SO cute they drove over in little hybrid cars this time.

too little too late it seems like
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Old 12-04-2008, 09:14 PM
 
16,301 posts, read 22,894,002 times
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Also admitted that $38 Billion is only a down payment, and the total will be $125 - 150 BILLION.

Big 3, know a good bankruptcy lawyer?
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Old 12-04-2008, 10:15 PM
 
Location: down south
514 posts, read 1,355,694 times
Reputation: 636
Quote:
Originally Posted by BLAZER PROPHET View Post
Big Three back on Capitol Hill asking for help - Dec. 4, 2008

The executives for the Big 3 continue to come back to congress for aid. I feel their pain, but the fact of the matter is that poor management has led to a collapse of their businesses. I also fail to understand why they donít have some fall-back plan. For example, Fordís biggest losses are in their SUV line, then trucks, then cars. Why not cut out the SUVís, minimize the trucks and work on the cars mainly. I know the unions have already made concessions, but maybe they could make some more in order to keep the company afloat. Tough times call for tough decisions- not a handout (ie, ďloanĒ) from the government.
ever since the 80s, big three have essentially conceded the car market to Japanese automakers. They can't cut out the SUV because that's all they have.
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Old 12-04-2008, 10:53 PM
 
Location: Obama playing field
716 posts, read 1,800,006 times
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They (ceo's) cant do anything right, period!!

Too little too late.
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Old 12-05-2008, 12:11 AM
 
2,506 posts, read 7,367,655 times
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Quote:
Originally Posted by BLAZER PROPHET View Post
Big Three back on Capitol Hill asking for help - Dec. 4, 2008

The executives for the Big 3 continue to come back to congress for aid. I feel their pain, but the fact of the matter is that poor management has led to a collapse of their businesses. I also fail to understand why they donít have some fall-back plan. For example, Fordís biggest losses are in their SUV line, then trucks, then cars. Why not cut out the SUVís, minimize the trucks and work on the cars mainly. I know the unions have already made concessions, but maybe they could make some more in order to keep the company afloat. Tough times call for tough decisions- not a handout (ie, ďloanĒ) from the government.
Problem is...without at least a bridge loan for the next few months, there won't be time to make any substantive changes to their business model. People throw around the word bankruptcy alot, but we shouldn't kid ourselves. A bankrupt GM, or a bankrupt Ford, will not come back. I don't much care for the decisions that have been made by Detroit, and they should be penalized for them. The penalties can only go up to a certain point, though, because the weight of these companies are of more importance than the companies themselves. Not bailing them out is well past that certain point.
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Old 12-05-2008, 12:59 AM
 
Location: Arkansas
2,383 posts, read 5,204,027 times
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Problem is without their bailout millions may go unemployed which will then lead into more people without health insurance coverage, which could then lead into a health care insurance system bailout because the system is an employer based system.
Thanks to all those at the top that have put the rest of us in a bind!!!
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Old 12-05-2008, 01:02 AM
 
Location: southern california
53,432 posts, read 68,432,778 times
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begging and groveling is a skill. would i do it for 23 billion, ubetcha.
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Old 12-05-2008, 05:47 AM
 
Location: Nebraska
4,179 posts, read 8,596,707 times
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I guess what bugs me in all this is that we are told that it is 'unpatriotic' to buy a vehicle not made by "The Big Three" - even when their vehicles are prime examples of 'built-in obsolescence', have poor performance records, miserable safety records, are costly to maintain as well as to purchase, are fuel guzzlers; and, like the large fat cat, "Built for comfort, not for speed'. I admit it, I was a Chrysler and Ford Girl for YEARS - until the POS's I was buying and maintaining became not only prohibitive in price but fell apart more quickly. I scouted for six months before my next purchase - and found that Toyota not only met all of my requirements in a vehicle, had many components that were standard rather than upcharged, but was reasonable in price as well as maintenance and fuel consumption. Because The Big Three would not - not could not - compete, they went down the path to bankruptcy. Toyota is at least put together here, so I was putting some money into American pockets. (Many of the Big Three's same components are shipped in. I once waited six weeks for a "Chrysler" engine to be shipped in from Japan, for my new car when it threw a rod, but that's another looong story.)

Now it seems that I will STILL have to pay for their incompetence, outrageous pricing, poor equipage, and overall poor quality vehicles, whether I actually BUY one or not. That, to me, is the most unAmerican act of all - selling cheap tawdry goods at high prices and demanding that other people pay for their poor business practices and profiteering. They to me are as bad as the woman driving the Cadillac, with multiple fatherless children, wearing her fur coat and standing in the Welfare line, demanding what is 'due' her. I don't 'owe' her a living, and I don't 'owe' them one. Too bad my elected officials seem to think otherwise.
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Old 12-05-2008, 07:06 AM
 
Location: Atlanta, GA
2,289 posts, read 4,775,575 times
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And after we bail out Big Auto, then we can look forward to bailing out Big Agriculture; then Big Insurance; then Big Technology. Where does the bailing out end?

If we taxpayers have the privilege to start a business and fail, then Big Auto should have that privilege as well. No special favors.

If Big Auto is "too big to be allowed to fail" then it must mean that I'm "too small to be succeed."
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