U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-19-2008, 05:38 PM
 
Location: Denver
386 posts, read 601,334 times
Reputation: 103

Advertisements

Look, I'm a Democrat and Obama supporter, but I'll be the first to oppose yet another bailout of Detroit.

Banks aren't like car companies -- car companies don't just "fail". Chapter 7 bankruptcy is what most people think of, but Detroit would use Chapter 11, which lets them continue to exist with a restructured debt. American car companies are uncompetitive because they have too many liabilities. Chapter 11 lets them restructure those liabilities, so that they can once again become healthy, competitive companies.

Chapter 11 was created for the exact situation we have unfolding here. Let it work.
Reply With Quote Quick reply to this message

 
Old 11-19-2008, 08:12 PM
 
12,504 posts, read 16,584,283 times
Reputation: 24117
Quote:
Originally Posted by jtur88 View Post
Turn GM over to people who will build one.
Not smart. Americans are like people in a church pew. Not two of them want or see things the same way. I certainly would not buy a car designed and engineered by the mediocrity of public opinion. Mediocrity is what landed the automakers where they are. Bailing out the Big Three is like dragging beached whales back to the water. Tomorrow they will again be on the beach but the next time they will be stinking to high heaven. They deserve only an honorable death, not a bailout.
Reply With Quote Quick reply to this message
 
Old 11-19-2008, 08:19 PM
 
47,576 posts, read 60,469,168 times
Reputation: 22275
Quote:
Originally Posted by jtur88 View Post
Beautiful. In the congrsssional hearings, the begging automakers CEOs were asked by Rep Rick Wagoner to raise their hands if they flew to Washington on a commrcial flight. They were then askd to raise their hands if they were willing to sell their private jet in place, and fly back home on a commercial flight. "Let the record show that no hands were raised"
Yes, that was UNBELIEVABLE. Those CEO's showed up in private jets. Disgusting.
Reply With Quote Quick reply to this message
 
Old 11-19-2008, 11:39 PM
 
4,065 posts, read 7,737,698 times
Reputation: 5648
Quote:
Originally Posted by malamute View Post
Yes, that was UNBELIEVABLE. Those CEO's showed up in private jets. Disgusting.
Yes, but this is even more unbelievable. It's not your tax money, so shut up and bend over. Hold that laugh if you think this is funny. This is how politicians really think.


YouTube - Fox: Cavuto Cong Joe Knollenberg its not your money
Reply With Quote Quick reply to this message
 
Old 11-20-2008, 12:35 AM
 
1,604 posts, read 3,494,821 times
Reputation: 1526
I voted for Obama and I'd let Detroit (car industries) fail too, seeing how they've been with their lack of quality in their cars (esp. compared to European and Japanese cars) and to how they've been moving jobs to Mexico and overseas anyway!

And honestly, the city of Detroit itself is personally not worth saving, for many reasons!
Reply With Quote Quick reply to this message
 
Old 11-20-2008, 06:16 PM
 
8,743 posts, read 10,245,808 times
Reputation: 3385
Agreed. The GOP is very arrogant and ignorant.

"Let Detroit die" is a way of saying "We don't care about you, Michigan. We don't care about middle class."

I used to laugh out loud back when I saw people who wore "Michigan for McCain/Palin" pins on their shirts AFTER McCain pulled his campaign out of Michigan. Michigan for McCain/Palin? Really? I think what they should be thinking before making fools out of themselves is "Michigan for McCain/Palin but are McCain/Palin for Michigan?" Because judging by the ignorance and "let Detroit die", McCain/Palin and Republicans did not and do not give a crap about Michigan.

I wish I could say "Let GOP die" back to them but I don't have too seeing it as GOP is dying anyways.
Reply With Quote Quick reply to this message
 
Old 11-20-2008, 06:32 PM
 
31,385 posts, read 32,002,442 times
Reputation: 14896
Quote:
Originally Posted by davidt1 View Post
I was against the bank bailout. I am against the auto bailout too. You can't run your companies to the ground and ask for bailouts.
There was a line I read during the S&L collapse that I will always remember,

"When you owe the bank $1,000 the bank owns you. When you owe the bank $10,000,000 you own the bank."

As distasteful as bailouts may be, one has to realize that the size and breath of many of these companies are so vast and critical to the economy that there is little choice. For example the Big 3 represent not the mear 500,000 workers that they employee but a total of 2.9 million workers who work in auto dependent industries. Take the time to think about the impact of a sudden increase in unemployment of 2.9 million workers and their families on local, and state governments not to mention the loss of their buying power in an economy that is drive by consumer spending.

It is easy to think is simplistic economic slogans, it is another to really understand the economic impact of easy on the tongue slogans. But if that's too difficult, wrap your mind around this one:

Cut off your nose to spite your face.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top