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Old 07-10-2009, 08:54 AM
 
Location: Atlanta, GA
2,290 posts, read 5,036,788 times
Reputation: 785

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Quote:
Someone remind me again of what the big advantages of letting GM crash in a heap would have been?
It's a good bet that this country has enough cars, trucks and SUVs--right now--to last a few generations. There would have been plenty of time for another corporation to form and resume auto manufacturing. But we've been conditioned to believe that auto manufacturing is a jobs program, instead of a needs-based business.
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Old 07-10-2009, 08:57 AM
 
Location: SW Florida
5,121 posts, read 6,186,304 times
Reputation: 2983
Quote:
Originally Posted by Wapasha View Post
What happens when their "Go Green" government cars do not sell, and the politicians think it reflects negatively on their reelection chances? If taxpayer funded subsidizes and new automobile carbon taxes, based on MPG, all fail to force people into their new cars, then what?

I think if GM and Chrysler go south, the federal government and the unions will want sell them off, and avoid taking any responsibility for the failure. I doubt the taxpayers will go along with just continuing to throw more money at the auto companies.

Good questions, but how is it you think the taxpayers will have any choice when it comes down to throwing more $$$ down the rathole? Did we have any say in it recently?
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Old 07-10-2009, 08:59 AM
 
Location: PA
5,560 posts, read 4,963,107 times
Reputation: 1945
Quote:
Originally Posted by saganista View Post
Good thing some of you guys aren't in charge of anything more signifcant than like when to mow your lawn. Someone remind me again of what the big advantages of letting GM crash in a heap would have been? How does that compare to what the bankruptcy judge said the other day?
A business, a corporation is only worth its value it is not a social services program or a god. Failure and success depend on a few things and that comes from good business practices and being able have good people furthering it's growth. A business must fail, it is the nature of freedom and how your choices and business decisions set the balance between success and failure. If a pizza shop closes tommorrow another one opens, if a bakery closes another one takes it's place. Should will bailout your local pizza place if they spent their money unwisely, or served bad tasting pizza. Someone will take GM's place, GM and the unions will find new work and it gives a company a chance to start over with a new vision and new outlook. Some GM employees would find work at ford and toyota with a new contract and new salaries and benefits. Since when do tax payers and government decide what business will fail and what will succeed this is pure socialism in it's idealogy and a dangers new standard we are creating for balance and free enterprise.
If a government believes a business is to big to fail then I wonder what is governments job and who created that idealogy in the first place.
Failure is needed to balance and to weigh the risks and to learn from your mistakes. It appears government is king at failure and has no risks and seems to have no accountablity and they spread this idealogy like a disesase.
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Old 07-10-2009, 09:00 AM
 
Location: SW Florida
5,121 posts, read 6,186,304 times
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Originally Posted by backfist View Post
It's a good bet that this country has enough cars, trucks and SUVs--right now--to last a few generations.

Cuba is a good testament to this statement. After fifty plus years, they have managed to keep american built vehicles, with the quality standards of the 1950's running.........Why couldnt we?
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Old 07-10-2009, 09:02 AM
 
12,870 posts, read 13,109,624 times
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Quote:
Originally Posted by backfist View Post
It's a good bet that this country has enough cars, trucks and SUVs--right now--to last a few generations. There would have been plenty of time for another corporation to form and resume auto manufacturing. But we've been conditioned to believe that auto manufacturing is a jobs program, instead of a needs-based business.
that was well said! if the taxpayers were not forced into this bailout, they would not have LOST AT LEAST 40 BILLION DOLLARS SO FAR. (congressional budget office).

So far, the government has provided $55 billion in loans and investments to General Motors Corp., Chrysler LLC, its financing arms and suppliers. The ultimate cost to taxpayers of that financing will be $40 billion, the CBO said.

a lot of americans are not willing to take on more debt in the cash for clunkers program, especially given that many people who drive clunkers probably don't have money for a new car anyhow. it is not hard to imagine that the government will be providing more money to GM shortly, especially when the $1.25 billion set aside for administrative fees is spent.
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Old 07-10-2009, 09:02 AM
 
238 posts, read 668,032 times
Reputation: 131
Quote:
Originally Posted by yachtcare View Post
Cuba is a good testament to this statement. After fifty plus years, they have amnaged to keep american built vehicles, with the quality standards of the 1950's running.........Why couldnt we?

Because we can't make them like we used to...? LOL LOL
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Old 07-10-2009, 09:07 AM
 
19,183 posts, read 28,320,304 times
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Originally Posted by thefinalsay View Post
what would have been the benefit? I can think of a few billion.
It's very reassuring to know that...
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Old 07-10-2009, 09:17 AM
 
19,183 posts, read 28,320,304 times
Reputation: 4002
Quote:
Originally Posted by backfist View Post
It's a good bet that this country has enough cars, trucks and SUVs--right now--to last a few generations.
Sure...we did that in WWII. But this time the three million or so people out of a job wouldn't have tanks or planes to work instead on any war to go fight in. They'd just be on unemployment and the economy would be dealt a staggering blow.

Quote:
Originally Posted by backfist View Post
There would have been plenty of time for another corporation to form and resume auto manufacturing. But we've been conditioned to believe that auto manufacturing is a jobs program, instead of a needs-based business.
Another corporation already has formed. It will resume auto manufacturing. About 80% of the jobs that might have been lost won't be.
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Old 07-10-2009, 09:19 AM
 
Location: Hoboken
19,891 posts, read 16,272,470 times
Reputation: 3123
What is going to happen when GM cars don't sell? Will the government rig the regulatory environment to make GM cars the only alternative? What has GM done that is so radical that it is going to improve its profitability? The reality is nothing has changed at GM that will make it any better than it was before bankruptcy, except the public is now on the hook.
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Old 07-10-2009, 09:23 AM
 
19,183 posts, read 28,320,304 times
Reputation: 4002
Quote:
Originally Posted by yachtcare View Post
Good questions, but how is it you think the taxpayers will have any choice when it comes down to throwing more $$$ down the rathole? Did we have any say in it recently?
Dude, you haven't had any say since 1789. We are a representative democracy, not some farcical dictatorship of the ignorant masses. Your government is deliberately set up to be insulated from the vicissitudes of popular passion. Get used to it already...
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