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I truly hate to see what happens to GM in the next few years. Their cars are going to be complete disasters. Nobody is going to want the tiny econoboxes and that's on top of the reliability issues and cost considerations.
Buy a GM car now, as big as you want it, you won't want what they think they can force you to buy.
I truly hate to see what happens to GM in the next few years. Their cars are going to be complete disasters. Nobody is going to want the tiny econoboxes and that's on top of the reliability issues and cost considerations.
Buy a GM car now, as big as you want it, you won't want what they think they can force you to buy.
The problem with this, is that the government no only can force GM to build what they want, but also all other companies that want to sell cars inside the country by simply writing new laws limiting choices. And now that they own a car company, they have an incentive to write laws that benefit their own company..
I truly hate to see what happens to GM in the next few years. Their cars are going to be complete disasters. Nobody is going to want the tiny econoboxes and that's on top of the reliability issues and cost considerations.
Buy a GM car now, as big as you want it, you won't want what they think they can force you to buy.
The problem for GM is as much reputational as anything else. Knowing that they have gone (or are about to go) bankrupt, knowing that they are about to unload a large proportion of their dealers, knowing that they are probably going to be forced to build certain kinds of car and knowing that they can only stay afloat as long as the government keeps bailing them out .......... a lot of people are going to say that it is too risky to buy a GM car and they would prefer to buy a car from a company that they feel is more stable in the long-term than GM.
Beyond this bankruptcy, GM are going to continue being in the tank and, sooner or later, the government will stop fronting the cash.
The problem for GM is as much reputational as anything else. Knowing that they have gone (or are about to go) bankrupt, knowing that they are about to unload a large proportion of their dealers, knowing that they are probably going to be forced to build certain kinds of car and knowing that they can only stay afloat as long as the government keeps bailing them out .......... a lot of people are going to say that it is too risky to buy a GM car and they would prefer to buy a car from a company that they feel is more stable in the long-term than GM.
Beyond this bankruptcy, GM are going to continue being in the tank and, sooner or later, the government will stop fronting the cash.
Actually the bottom line is the government will keep floating these companies money as long as it's seen as a way to garner huge voting blocks, election money and support to get 'em elected and re-elected period. Viability,current law and morality have NOTHING to do with it. If they did we wouldn't be having this discussion now, GM and Chrysler would have been in BK court long ago.
Actually the bottom line is the government will keep floating these companies money as long as it's seen as a way to garner huge voting blocks, election money and support to get 'em elected and re-elected period. Viability,current law and morality have NOTHING to do with it. If they did we wouldn't be having this discussion now, GM and Chrysler would have been in BK court long ago.
The British government did that in the 1970s with an outfit known as British Leyland. They were a basket case that made cars that nobody wanted. They continued to suck up taxpayer money and continued to be a basket case. When Margaret Thatcher came to power she pulled the plug on them and they disappeared into the dustbin of history. Interestingly, the British auto industry subsequently emerged far stronger than it had been when BL was around.
Your lottery ticket analogy is a false one. Buying bonds is not gambling. The bond is a contract between the seller and the buyer. We give the seller money to help run their business or municipality and they in turn promise to return our initial investment with interest.
This current administration is breaking contracts without blinking an eye. Their only goals are more control over business and more power. It disgusts me.
This is something people should have considered when voting for Obama. He believes in the Chicago school of economics but no one thought to consider that when they were casting their votes. Perhaps people are getting what they deserve. They don’t care to understand the differences between the two party’s platforms and philosophies
This is something people should have considered when voting for Obama. He believes in the Chicago school of economics but no one thought to consider that when they were casting their votes. Perhaps people are getting what they deserve. They don’t care to understand the differences between the two party’s platforms and philosophies
That's part of the problem, there's no such thing as "two parties" anymore. It's just progressive and progressive "light" now. Both singing the same tune just one is louder than the other.
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