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Charger4U

Which comes first?

35 posts in this topic

Does your viewpoint on whether or not GM should get a bailout have to do with your love for GM products or do you truly think it will be better for the automobile sector and the economy of 300+ million people?

I still havent heard all the sides but im leaning to letting the private enterprise deal with its problems with private enterprise funds. What about yourself?

Edited by Charger4U
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isn't the old addidge "as gm goes so does the economy"...

it's alittle less now.. but still heavily intertwined.

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isn't the old addidge "as gm goes so does the economy"...

it's alittle less now.. but still heavily intertwined.

Yes.... 'what's good for GM is good for the country' or something like that.

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This country can't afford for GM to go down. As nice as it would be for them to get out from under the Union possibly, by filing bankruptcy, they can't even do that because they would bankrupt all their suppliers. The trickle down effect would be horrid. We have to bail them out and then do some serious house cleaning at the top. Fire them all, all the bigwigs. Thats a start.

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isn't the old addidge "as gm goes so does the economy"...

it's alittle less now.. but still heavily intertwined.

How do you figure? There are a lot more companies heavily intertwined with the fiscal life of an American than General Motors?

Edited by Charger4U
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Alot of that stuff about GM and the economy doesn't hold as much water as it once did, but nevertheless, the impact on suppliers and the dealer network alone would be devastating, and the towns dependent on the factories and parts plants could be all but wiped out.

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Alot of that stuff about GM and the economy doesn't hold as much water as it once did, but nevertheless, the impact on suppliers and the dealer network alone would be devastating, and the towns dependent on the factories and parts plants could be all but wiped out.

Well, the rust belt would be gone....

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As I've said on this website before...

My loyalty lies with GM, my community and those that serve this country. Not this country as it stands. I choose not to fly the flag and I choose not to vote. I won't go as far as disrespecting the flag (yet) for fear of offending those that sacrificed for it.

If GM is saved, then so to will be the workers that depend on them.

I refuse to support a society that promotes greed, and self worth above honesty and integrity. Just as I refuse to support a society that shepards the destruction of it's soul for the benefit of other societies that do not share the same goal of 'prosperity for all'.

Edited by FUTURE_OF_GM
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The economy is more important than GM or any other company taken individually. The issue of bailout money has to do with GM's political weight as a large employer in the US.

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Does your viewpoint on whether or not GM should get a bailout have to do with your love for GM products or do you truly think it will be better for the automobile sector and the economy of 300+ million people?

I still havent heard all the sides but im leaning to letting the private enterprise deal with its problems with private enterprise funds. What about yourself?

We're well past the point of "the private enterprise deal with its problems with private enterprise funds". Citibank's primary purpose is to move paper around and they've shown they aren't even any good at that, yet they got $30 billion and federal backing for another $300 billion in assets. They broke basic rules of accounting and basic rules of lending due to unbridled greed. GM's biggest offence is skimping on the interior plastics that automotive magazine editors wipe their hemeroids on and trying to fulfill the contractual labor obligations they agreed to in a different business climate.

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Screw the financial instructions. They are the ones mainly responsible for the economic mess in tghe first place with their shady lending practices. The government is happy to lend our money to them without demands for a plan to show how these institutions will fix their problems and not let it happen again, there's no paycut demand, and they still go on $200,000+ vacations.

Meanwhile, the automakers want a small chunk of that $700 billion dollar loan to split amongst the 3 companies so they can survive. The banks just move paper around, the automakers employ and benefit millions of hard working middle-class people, and they actually build something. We loose them, not only do we loose millions of jobs but the ability to build anything, which means no way to build defense vehicles for the military should a large conflict occur.

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Screw the financial instructions. They are the ones mainly responsible for the economic mess in tghe first place with their shady lending practices. The government is happy to lend our money to them without demands for a plan to show how these institutions will fix their problems and not let it happen again, there's no paycut demand, and they still go on $200,000+ vacations.

Meanwhile, the automakers want a small chunk of that $700 billion dollar loan to split amongst the 3 companies so they can survive. The banks just move paper around, the automakers employ and benefit millions of hard working middle-class people, and they actually build something. We loose them, not only do we loose millions of jobs but the ability to build anything, which means no way to build defense vehicles for the military should a large conflict occur.

But remember!!!

Just like the global economy cannot fail, the global economy will prevent major conflicts! And everyone will live in a field of daisies and not have to work.

Oh, wait, nevermind....

:rolleyes:

Edited by FUTURE_OF_GM
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10% of all American jobs are tied directly, or indirectly to the automotive industry.

Question answered.

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Maybe all of those people can get jobs in a gun factory, because we're going to need lots of those if things keep going the way they're going.

(We can fight the impending invasion on foot, old skool brit style... You know, since we won't have an auto industry... Or very little other manufacturing)

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Maybe all of those people can get jobs in a gun factory, because we're going to need lots of those if things keep going the way they're going.

Do they still make that sh*t here, or is it all imported from China?

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Do they still make that sh*t here, or is it all imported from China?

man, I hope not....what if it backfires? :mind-blowing:

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man, I hope not....what if it backfires? :mind-blowing:

gunscene.png

(Special thanks to Sin City for the picture :smilewide:)

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10% of all American jobs are tied directly, or indirectly to the automotive industry.

Question answered.

doubt it, wheres your source?

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pwnt.

Seriously dude, why are you so much more in favor of sending several hundred billion dollars over to the banks who get us into this mess in the first place? So they can continue to get paid ridiculous amounts of money? Or maybe to fund that vacation they wanted to take? Maybe fund more bad loans?

What the automakers are asking for is 1.) a f**kiing loan 2.) A drop in the bucket compared to what the paper pushers are being handed out (without demand for a recovery plan, paycuts for execs and so on) and 3.) Would go to companies who actually build something, not just move paper and money around, and employ millions of hard working people, giving them a shot at living a decent life.

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In the late 70's it was 1 in 7 jobs in the US.

Without this industry, we become a has been, 2nd tier nation.

Make a choice.

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In the late 70's it was 1 in 7 jobs in the US.

Without this industry, we become a has been, 2nd tier nation.

Make a choice.

I wonder what the numbers are now, though. 1 in 20 jobs? 1 in 50?

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I wonder what the numbers are now, though. 1 in 20 jobs? 1 in 50?

See above posts!

It is currently 1 in 10, enough to create a depression if we lose them.

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pwnt.

Seriously dude, why are you so much more in favor of sending several hundred billion dollars over to the banks who get us into this mess in the first place? So they can continue to get paid ridiculous amounts of money? Or maybe to fund that vacation they wanted to take? Maybe fund more bad loans?

What the automakers are asking for is 1.) a f**kiing loan 2.) A drop in the bucket compared to what the paper pushers are being handed out (without demand for a recovery plan, paycuts for execs and so on) and 3.) Would go to companies who actually build something, not just move paper and money around, and employ millions of hard working people, giving them a shot at living a decent life.

Dont be confused and start accusing me of things i never said example "the paper pushers deserve it more". And as far as pwnt? WTF? I said "doubt it" but asked where your source is so i could find more info, next time ill make sure im more ignorant and my opinion is set in stone. Sorry i asked C&G for the reasons for the support of the loan to GM.

pwnt

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Dont be confused and start accusing me of things i never said example "the paper pushers deserve it more". And as far as pwnt? WTF? I said "doubt it" but asked where your source is so i could find more info, next time ill make sure im more ignorant and my opinion is set in stone. Sorry i asked C&G for the reasons for the support of the loan to GM.

Sorry dude, I guess it's just the way your words came across to me. It's just so frustrating that so many people seem to think that it's alright to bail out the banks, who are the main reason for the economic mess we are in, who aren't being demanded to cut salaries, restructure, or anything, but the automakers are unworthy of a small chunk of that money to survive the economic downturn. So many people seem to think that it's there own fault and caught up on stereotypes of 20 years ago, thinking they still apply today (this includes Congress). Not saying that you view it that way, just frustration mistakenly vented at you.

Didn't mean to go off on you like that, so my apologies.

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