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OK, let’s take a vote

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  • Thu, Dec 04, 2008 - 07:49am

    #1

    krogoth

    Status Platinum Member (Offline)

    Joined: Aug 18 2008

    Posts: 512

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    OK, let’s take a vote

Bailout for the big 3 or no?

 

Krogoth says NO

 

 

 

  • Thu, Dec 04, 2008 - 08:00am

    #2

    caroline_culbert

    Status Gold Member (Offline)

    Joined: Oct 02 2008

    Posts: 254

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    Re: OK, let’s take a vote

caroline_culbert says: no to GM

(I’m unsure of Chrysler and I don’t think Ford needs it)–

I’ll just say NO to GM since GM is the primary reason for their begging in Washington.

  • Thu, Dec 04, 2008 - 09:50am

    #3

    Maenad

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    Posts: 22

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    Re: OK, let’s take a vote

I vote no but those guys won’t listen to me anyway. 😉

They’re going to get it one way or another.

  • Thu, Dec 04, 2008 - 10:20am

    #4

    tom.

    Status Silver Member (Offline)

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    Posts: 197

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    Re: OK, let’s take a vote

No Baliouts, at No Time, to Nobody.

  • Thu, Dec 04, 2008 - 11:03am

    #5
    barrt

    barrt

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    Re: OK, let’s take a vote

you guys are just sore after all the other bank bailouts/ robberies, if the big 3 had came first would you still say no?

I say bail them out, all those millions more unemployed would be a hard blow. Plus you desperatly need more manufacturing, not less, if you are going to come out the other side of the energy deficit and the big 3 have lots of resources

 Bail them out, re-tool for the new era of renewable energy and do it fast! also get rid of ALL the fat cat management and those crippling union deals as part of the bailout and get moving quickly!

  • Thu, Dec 04, 2008 - 11:26am

    #6

    tom.

    Status Silver Member (Offline)

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    Posts: 197

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    Re: OK, let’s take a vote

[quote=barrt]

you guys are just sore after all the other bank bailouts/ robberies, if the big 3 had came first would you still say no?

[/quote]

I would still say no … they had a good car (EV1) and had their customers begging to keep them, but caved in to the oil barons. Did you watch, "Who Killed The Electric Car"? I have no sympathy for them, because of the overwhelming arrogance they showed. I hope not, but I think they will get the bailout anyway.

  • Thu, Dec 04, 2008 - 01:07pm

    #7
    Davos

    Davos

    Status Silver Member (Offline)

    Joined: Sep 17 2008

    Posts: 811

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    Re: OK, let’s take a vote

Pre-packaged BK, consolidation of MGT into one company, set up a govt. backed equity fund for car dealerships and suppliers and mandate additional change in units produced and what type of cars (i.e. green and NO SUV’s/trucks other than construction and that sort of demand).

No one is going to be buying new cars in the coming years anyway…

2009 for a turn around is akin to the bottoms and turn arounds economist have been calling for the housing market when it started to crater. Pipe dreams. Just like the word "bailout". A bailout is a bandaid.

  • Thu, Dec 04, 2008 - 02:45pm

    #8
    barrt

    barrt

    Status Silver Member (Offline)

    Joined: Aug 25 2008

    Posts: 101

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    Re: OK, let’s take a vote

siennablue: it seems a bit over the top to me to think its right to shut down these massive industries because of the shortsightedness and crimes of the previous leaders, prosecute those guys, send them to jail for crimes against humanity but salvage the factories and resources, we need those.

Manufacturing power and good R&D departments are massively important in the face of the energy crises

To shut them down and have a fire sale with the properties and equipment (whos gonna buy?) would be a shocking move IMHO

 

  • Thu, Dec 04, 2008 - 03:05pm

    #9
    TimesAwasting

    TimesAwasting

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    Joined: Oct 13 2008

    Posts: 42

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    Re: OK, let’s take a vote

I vote No more bailouts of any kind, for any industry (including the banksters!).

What’s missing from the conversation is the destiny of the Big 3’s ultimate failure… they simply cannot survive with the current cost structures and management in place. The modest union give-backs and management promises of efficiency are just not enough to fix the mess… the workers will not give back $30 an hour to be competitive; management will not fire itself for the company’s greater good. Therefore Detroit MUST crash… so that some day in the future American auto manufacturing can be rebuilt as a profitable enterprise.

There is a shrinking (auto) market that will likely take years to rebuild. We simply do not need 15 million cars a year for the foreseeable future. The current need will easily be met by the much more efficient car manufacturers (Toyota, Nissan, VW, etc…) who are supplying what the market wants (smaller, fuel efficient, hybrids).

If and when the need arises for greater capacity, rest assured a new American car manufacturer will rise up. And I guarantee you, there will be no shortage of willing workers at $15 to $25 an hour.

  • Thu, Dec 04, 2008 - 03:42pm

    #10

    cat233

    Status Silver Member (Offline)

    Joined: Aug 21 2008

    Posts: 168

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    Re: OK, let’s take a vote

I check my mailbox daily for a bailout check… Have you gotten yours?  No… I didn’t think so.  I haven’t found one either, I don’t have GM or C plastered on my forehead.  Small business are failing daily, no one is coming to their rescue.  I am tired of being robbed. I vote NO!
TimesAwasting is absolutely correct, there would be no shortage of workers at $15 to$25/hr.
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