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So rather than cutting off the franchise dealers, how about GM telling them:
No incentives
To be a dealer, you HAVE to pay for the training for your mechanics
ETC on cutting costs from GM to the dealers.
Listen to dealers being interviewed on national & local TV, they have been profitable, etc. yet for some reason, unknown to them, they are being "fired".
My heart really goes out to these people.
To work to build your business and then have this happen in one swoop - how sad.
Would make sense if their car sales were down and they had to close up shop, they mismanged their business, etc.
They don't, but it sounds like the Obama hate crowd complain that Obama is letting the dealers go out of business. It sounds like they expected Obama to bail them out?
Unlike what you appear to do on this board, i do not assume or speak for anyone. Your asking me to deny what this President and Congress is attempting to do. My response is again is the same, i will not deny or agree, I then followed that up with MY OPINION. Show me where i stated that I WILL PLEAD IGNORANCE. These people knew EXACTLY what they were getting themselves into when they accepted MY tax dollars.
You plead ignorant but you thought my statement was wrong, and considering I'm holding insurance for 300,000 shares of GM at the moment, I do follow whats going on very, very closely. I cant afford not to..
Quote:
Originally Posted by blackandproud
Have your read up on whats been going on with GM and Chrysler back in 2008 when they first started begging for money. My statement was "GM was in control of their own failures" meaning before the government stepped up and stepped in, right or wrong. Was it the government that thinned GM's profits? Was it the government to cause GM to spend like their was no bottom? Who was it that sat across from congress last year begging for money. ...uhm GM and Chrysler. Why don't you stop trying to ad-lib and being so condoscendin and have an actual discussion.
And my answer than, is the same as it is now.. NO.. but all of your postings completely ignore the difference between a loan, which is what Bush gave them, (again, which I opposed to) and Obama buying equity.. HUGE difference, the minute Obama buys equity and obtained ownership of the company through shareholder proxy, he and he alone now holds the blame because he and he alone, controls (or will control) 80% of the voting rights to the company.
Quote:
Originally Posted by blackandproud
My description of their suits and watches was just an example to describe their disregard of their financial issues. I could care less what they wear or what they have. So again, you prefer to be condoscending instead of having a discussion.
I've attempted on numerous times to discuss the issue, you choose to ignore it and bring up their "watches"..
Quote:
Originally Posted by blackandproud
GM and Chrysler have been in control of their own failures for years, NOT the Government.
The government OWNS 80% of them, the minute they bought out ownership THEY become responsible for the failures.. PERIOD. The owner of a company can not pass the buck for closing down their sales avenues, especially if that choice was their and theirs alone.
[quote=blackandproud;8826519]As i do not have the inside track of the meetings between this administration and or congress, i can't deny or agree. What I will say is, the bailout discussions or should i say the money begging betweens these Auto giants began in 2008. Ford was the only company that bowed out because they preferred to depend on their investers, their product and the consumers.
No, the reason Ford did not asked the goverment for a loan is only because of a very smart move they did back in 2006 when Mullaly took control of the company. When the credit market was still healthy they borrowed againts all of its assets, they mortgaged everything , even the blue oval. That way they were able to raise billions and finance their restructuring. By the time GM tried to do the same (late like always) the credit crisis had already started and they (like everybody else) had no access to credit. So it was a matter of timing for Ford and having a very smart CEO.
So Ford is not taking money from the goverment because they are a better company of have a better product necessarily.
They don't, but it sounds like the Obama hate crowd complain that Obama is letting the dealers go out of business. It sounds like they expected Obama to bail them out?
So who is the socialist, Obama or them?
I dont recall ONE dealer asking for a bailout.. Not one.. I also dont recall ANYONE even suggesting that they get bailed out. Where did ANYONE discuss bailing out dealerships?
I can guarantee that if Obama had bailed them out, the very same people would be all over him accusing for being a socialist. When people decide that you are always wrong, then they will always find a way to diagree.
I dont recall ONE dealer asking for a bailout.. Not one.. I also dont recall ANYONE even suggesting that they get bailed out. Where did ANYONE discuss bailing out dealerships?
I am not talking about the dealers, but the Obama haters who accuse him for letting the dealers go out of business.
I can guarantee that if Obama had bailed them out, the very same people would be all over him accusing for being a socialist. When people decide that you are always wrong, then they will always find a way to diagree.
If one disagrees with bailouts, they disagree with bailouts.. What point are you trying to make, that people who disagree with socialism would only point out that bailouts = socialism?
I am not talking about the dealers, but the Obama haters who accuse him for letting the dealers go out of business.
You dont understand the difference between Obama / president allowing private enterprise to take place which would close down some dealerships that cant afford to make it on their own, and Obama, directly telling dealerships that they have to close, even though the dealerships might have money to substain themself through the recession?
Stop, think about it..
1 people MAY close down on their own..
2 People HAVE to close down due to Obama
OPPOSITE
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