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Ladies and gentlemen....this is Barry Obama's idea of an auto bailout and job creation!
Well at least the UAW will still be paid even though their entire industry is crumbling. Wonder if anyone's told them that once the other two go down, their precious pensions won't be there.
Hard to sustain a business when you're paying people that haven't worked there for 20 years. Not a great business model.
I think I've figured it out. Obama wants to create 3.5m jobs, what he did not tell us is that first he will cut 12m. Then it will be easier to create 3.5m jobs.
This is going to keep the unemployment folks real busy for a while.
pghquest - I'll bet the Toyota Dealer said, "We can get one for you in less than a week."
The FIRST LAW OF RETAIL = the customer is always right.
Seems our auto companies and dealers have replaced this with "the financiers are always right." Now wonder the American sector of the industry is collapsing. They have forgotten how to sell cars. They have forgotten that they have to sell the thing before they can finance it.
I hate that the dealerships only have until June 9th to sale all those cars!!
If sales have been slow...how the heck do you expect them to sale cars?
Even if the prices were at rockbottom prices, I doubt they will see huge sales. I just don't trust the reliability of a Chrysler. I have heard WAY too many horror stories and my mom had one....yuck. It was crazy because it started having all these issues once she made her last payment.
Americans are very much a now industry. If I'm paying $30,000 for a car, I want it now. I dont want to wait 30 days for it..
I agree with you in idealogy though, when I used to sell cars, the dealership I worked with got in an argument with me because the customer wanted a "color" that they didnt have. Dealerships argument, customer doesnt know what color they want, color doesnt matter.. and we should just ignore the request. This was some time ago, but I'm sure things havent changed.
In some situations you can't wait 30 days....
I personally wouldn't mind the wait if it meant I'd get a better deal...provided my "old" car is still running.
What the hell does this have to do with John Maynard Keynes? Every single post you make is wost then the last and it has become abundantly clear that you haven't a clue what you are talking about when it comes to economics.
The Bush/Obama tried a little Keynes on these auto companies by injecting gubmint money. It failed. Keynesianism is voodoo witchdoctoring. Always has been. Always will be.
This is a classic case of too little too late.
Unions are inflexible right to the point of closing the company down.
Companies are reactive instead of proactive.
Our fed gov is in the pockets of the lobbyists.
And yet some would wonder how this happened.
The really sad part is that in this countries we have success models to follow. Look no further than Toyota and Honda USA. Plants that are run with the future in mind.
We have politicians many of whom have never ran a successful business let alone a car business trying to dictate how the big 3 should do business. We have Unions so short sighted that they fail to understand that the future of their jobs is in jeopardy and refuse to compromise. Add to that the leadership of the big 3 assuming that the fed will save them.
How with this combination could a successful outcome happen?
What was the McCain plan to save the auto industry that these Obama voters would otherwise have been so much more happy about?
Someone else (why does it have to be McCain?) may have let them fail and a foreign entity buying their assets up for pennies on the dollar, rather than raping and pillaging the company's piggyback courtesy of jet setting execs and union bosses. Oh, and not to forget the taxpayers.
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