Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [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)
 
Old 08-22-2008, 05:36 PM
 
Location: Michigan
29,391 posts, read 55,421,387 times
Reputation: 22042

Advertisements

WASHINGTON (AP) -- Automakers plan to urge Congress to support funding up to $50 billion in low-interest loans over three years to help them modernize their assembly plants and develop next-generation fuel-efficient vehicles.

Auto industry seeking $50B in loans from Congress: Financial News - Yahoo! Finance (http://biz.yahoo.com/ap/080822/automakers_congress.html?.v=1 - broken link)
Reply With Quote Quick reply to this message

 
Old 08-22-2008, 07:17 PM
 
Location: Great State of Texas
86,052 posts, read 84,169,407 times
Reputation: 27718
Bail out one, bail out them all.

Socialize debt and privatize profits..that's what's going on today.

I'll wager the airlines are right in line after the auto industry.
Reply With Quote Quick reply to this message
 
Old 08-23-2008, 12:18 PM
 
Location: Fort Myers, FL
1,286 posts, read 2,908,597 times
Reputation: 249
the big 3 just need to liquidate everything toss out severance and dividends and call it a day.
Reply With Quote Quick reply to this message
 
Old 08-23-2008, 01:35 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,675,435 times
Reputation: 3587
Quote:
Originally Posted by John1960 View Post
WASHINGTON (AP) -- Automakers plan to urge Congress to support funding up to $50 billion in low-interest loans over three years to help them modernize their assembly plants and develop next-generation fuel-efficient vehicles.

Auto industry seeking $50B in loans from Congress: Financial News - Yahoo! Finance (http://biz.yahoo.com/ap/080822/automakers_congress.html?.v=1 - broken link)
I would loan the money to them ONLY on the condition that they also accept much higher CAFE standards for all vehicles including monster SUVs
Reply With Quote Quick reply to this message
 
Old 08-23-2008, 01:36 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,675,435 times
Reputation: 3587
Quote:
Originally Posted by HappyTexan View Post
Bail out one, bail out them all.

Socialize debt and privatize profits..that's what's going on today.

I'll wager the airlines are right in line after the auto industry.
It is a loan and other nations- including Japan- do lots more to help their car industries than we do here.
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 > Economics

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - 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, 36, 37 - Top