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As for the others, GM did what it had to do to stay afloat. I don't really understand your complaint. I would think that a capitalist would support shutting down brands that aren't selling well.
then you agree, we should have NOT bailed out that MONOPOLY
we should have let "GM" go to bankrupsy, and split the CONGLOMORATION up,, chevy, buick, pontiac, hummer, saturn, opel (the europe gm), and GMCetc...all INDIVIDUAL COMPANIES just like it was 70 years ago
do you think we should just BAILOUT failing monoploies just because someone says they are 'to big to fail'......what about the THOUSANDS of small companies that have gone bankrupt in the last 20 years?????
or are you FOR DISCRIMINATION....because that is what that was we DISCRIMINATED against some companies to support others
I want to support companies that can stay afloat...I have always been a chevy man...but I will NEVER buy another GM product
A few of my friends worked there and now retired . That sucks what the dirty scandles did to those people . Unions should be deported to Siberia ,naked. One lost 70,000 right off the bat !
If your friend lost $70,000 with the bankruptcy he probably had his PSP tied up in all GM stock instead of diversifying. What does that have to do with the union? Poor management of your friend's account and poor management of GM aren't the fault of the union.
If your friend lost $70,000 with the bankruptcy he probably had his PSP tied up in all GM stock instead of diversifying. What does that have to do with the union? Poor management of your friend's account and poor management of GM aren't the fault of the union.
it has everything to do with the unions . They sold us off to foreign countries, but thats too much to get into now .
I was taking a look at an AR15.com thread today and noticed something. Joe six pack types overwhelmingly said "no" as to whether they'd buy a GM car, nearly 90% took this stance. Me thinks if they can't appeal to beer gut JimJoeBob, they're screwed.
And Toyota sounds a big sigh of relief. Now maybe opportunist pig politicians with Big Labor in their backpocket will climb down off that fake and fastidious stump of demogoguery.
1) The union holds 17% of the stock....that's hardly "handing the company over to the union."
2) The bankruptcy judge made that appropriation because the union was a major bond hold of the company. The union would have far rather have had the money owed to them because if the stock doesn't sell for a good price then the union members' VEBA Trust is woefully under funded.
You know what...so would the rest of the shareholders in the company. Why did the union, who was a major contributor to the problems that GM was having, get a big, fat reward, while the rest of the shareholders got nothing? Cost me about $4k on the deal. My own fault though, should have bailed when the company was doing well.
Meanwhile, Toyota issues another recall, faces major fines, and prepares for class-action lawsuits.
Go USA!
I suppose you aren't aware that Toyota employs thousands of workers here in the US.
Quote:
Originally Posted by SLCPUNK
Wait a second! I thought this was all a "Socialist" gubbermint take over of the auto industry??? Next thing you'll tell us a lot of TARP has been paid back already!
GM "plans" to payback a fraction of what they have been given.
Good for GM! What ever will the neo-cons complain about when the bailout money has been repaid and the government can start selling off the GM stock as per the bankruptcy agreement and recoup the rest of the tax payer money?
Bluefly: Those workers wouldn't have been absorbed. We can't even absorb the unemployed in this country now. The bailout was necessary.
Uh, didn't Bush start the bailouts?
This was a failure starting at the level of the ridiculous unions. Until you fix that problem, there's no permanent solution.
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