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I'm against it. Other companies were bailed out due to mismanaged funds and economic effects. The Big 3 just make a crappy product and it can't compete with foreign autos. How is that our fault? You didn't see bell-bottom jeans getting a bailout at the end of the 70s.
I'm totally against any bailouts and was from the beginning. At first, I wasn't sure about what was happening or what the consequences of not doing the bailout would bring, but the more I read about it, the dumber it sounded.
As soon as one of the companies got their first chunk of bailout money, the bigwigs spent 400,000 of it for a nice weekend at a resort. HMMMM, guess a guy's gotta rest after you run a company into the ground, huh? Then the huge packages for the top dogs. The claims are now that such a small portion has gone to help out any of the homeowners.
SO, if history is going to repeat itself with ANOTHER bailout (this time the car companies that you're referring to), it is going to be a loser deal for the taxpayers again. And yea, I know~they keep saying the taxpayers won't be affected, but that remains to be seen. Call me a skeptic, but.....
You're right~it's just not going to end. California has been broke since Oct. I believe it was Philadelphia who was just at the door of the federal govt. looking for $$. There is a list of retail companies that are on the verge of going under. It's an email list, but I checked with Snopes and some of it is quite factual.
One of the problems I have is the fact that the cars that are "American made" are really not made in America. Not sure how they can even be labeled as such with so many of their parts made overseas. Check out the foreign Toyotas~most of that car if not all of it is actually MADE in America. I believe the avg. Toyota assembly person makes an avg. of 22 per hour with their benies. Now that's a more realistic wage then the 70 per hour, benies included, that the American companies were paying their workers. I may have posted that on the SD forum, but there was a news story on Fri (?) night that stated that many of the auto workers were going into Casino work. Some were learning to be dealers, etc. NOW they are pushing to unionize casinos. Don't they realize what unions have now done to the auto industry? Of course, they don't deserve the full blame for all of this, but we are just not a competitive country anymore.
you are so misinformed my friend!! If the others recieving gov't money were mismanaged let's not give them any money either...That's not my fault. let's not give anybody money and let the whole system fail. the big three make good cars, we all should be buying american products for the benifit of our children and their children to have a chance at a decent paying job in the future.
you are so misinformed my friend!! If the others recieving gov't money were mismanaged let's not give them any money either...That's not my fault. let's not give anybody money and let the whole system fail. the big three make good cars, we all should be buying american products for the benifit of our children and their children to have a chance at a decent paying job in the future.
Make it competitive and we all would. None of us are any longer in the position to support those high wages that some people feel they "deserve".
And mis-informed? Are you saying that CBS national news is also ill-informed because that's where I got my info from.
My first car was a 1969 Camaro, I also had a '67 and a '68 over the years. Had a 1970 GTO too. I loved those cars. Now: I have a Toyota and so does my wife. It isn't that GM doesn't make cars I like anymore, I just like the Toyotas I have, better.
I had a Mustang GT for a very short time. Bought it new. Within 45 days, the driver's side window had deep scratches, no gouges, in it from having to roll it down once a day to pay the toll on the way to work. I took it to the Ford dealer and asked if they could fix it and replace the window (it had maybe 700 miles on it). Prior to doing so, I looked on a Mustang Forum and found numerous complaints about the same thing and a "do it yourself" fix that Mustang fans had devised. In any case, the service rep told me they don't fix glass problems without getting authorization from the Ford rep. who might be by in a week. I asked them to photograph the scratches. They said I needed to leave the car there, SO THEY COULD TAKE THE PHOTOS, not to show the rep. I kept that car less than 7 months and went back to Toyota...
Incidentally, I'm all for "Buy American" but apart from the few hands the cars pass through on the assembly line which are largely automated and NOW IN MEXICO ANYWAY!!!, Toyotas (and other foreign cars) still have to pass through a port (which employs Americans), be delivered by Americans, be checked into the dealer (by the same wage rate guy who might do it at a Big 3 dealer), be sold by a sales person (same as at a Big 3 again), the sale will be processed by another American, then begins the maintenance, and somewhere in there is marketing. I would be curious to see some statistics on how many wage paying hours go to Americans when buying an American car vs. a Toyota or other... Toyota has a plant in Kentucky (I think)... Why don't they need to be bailed out?
I like the look of the potential 2009/2010 Camaro and was daydreaming about reliving my youth, In better economic times, I might be tempted to buy one. But I don't need one and won't do it. Oh yeah, those if they make it to production are slated to be produced in Canada... I had a '99 Dodge Ram truck, primary assembly point, Saltillo, Mexico...
Last edited by blackhillsdreams; 11-16-2008 at 08:38 PM..
you are so misinformed my friend!! If the others recieving gov't money were mismanaged let's not give them any money either...That's not my fault. let's not give anybody money and let the whole system fail. the big three make good cars, we all should be buying american products for the benifit of our children and their children to have a chance at a decent paying job in the future.
My Honda was made in Maryland and 85% of the parts are American. I sleep pretty good at night.
Ok, I should buy American just because huh ?? So when I spend $30,000 on a vehicle for my family, I should buy American even though it's an inferior product, costs more, has a worse warranty, and I now have to worry because I bought a vehicle with some of the worst safety ratings for my 2 year old to ride in ?? And all of that for the "benefit of my family" ?? That's just not smart no matter how you want to look at it.
If the government wanted to stick their fingers in yet something else, they should have tried harder to assist car makers in developing a vehicle with alternative fuel concepts that are AFFORDABLE to the general public instead of some electric hybrid that cost nearly $40,000. Or maybe the car makers should have been thinking about how many huge SUV's and Trucks they continued to pump off the assembly line when the price of gas was better than $4.00 a gallon in most of the country.
Now even with the price of gas coming down, I don't think most Americans would go back to that well just for the "cool factor" of having a gas guzzling vehicle like an SUV. I understand people that HAVE to have those types of vehicles for their occupation, but for others to just go out and spend a ton of cash on a truck that gets 12 miles to the gallon isn't the smartest thing anymore. The price of gas is bound to go up sooner or later.
As long as we are on the subject of the Great Bailout, could it be possible that it was a pre-planned collapse of the US financial and economic system? And maybe by the same characters who perpetrated the original 911?
We have seen some of the world’s largest banks, brokerage houses, mortgage lenders, insurance companies and investment brokers go bust, as each of them fell perfectly.
Can you possibly see a C O N T R O L L E D D E M O L I T I O N!
This 700 billion dollar Bailout Plan is just like the Patriot Act was.
Only this time it’s just a small document (in its original form) that conferred absolute authority on the Executive Branch to do just about anything they want with the taxpayer’s money. Why did they state they needed it now. Because they wanted it rubber stamped now. Not tomorrow.
Are we headed in another Great Depression? I believe it sounds more like a “Weapon of Mass Destruction” directed towards the US!
I am a believer in thinking that The Bail Out Bill was passed, and considered by those in the know to be the largest corporate-governmental theft in US history.
I don’t believe it is over at this point. The current state of financial terrorism will continue to take down many of the key global and national institutions around the planet, with the explicit goal of consolidation and centralization of worldwide economic power and control.
Another item that we need to be concerned with is the Federal Reserve, and its collection agency – the IRS.
I don’t know, I think we had better become serious and really be on our toes for the next upcoming round.
I don't support the bailout of the Big 3. It seems like every company is asking for money.
There definitely needs to be more oversight on how that previous bailout money is spent. These luxury vacations and bonuses that the stupid CEOs are getting is ridiculous!
It really is sad when you think about all the debt that will be left for future generations.
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The claims are now that such a small portion has gone to help out any of the homeowners.
Call me a skeptic, but.....
