GM considering Chapter 11 filing

Thunder22 · #1 02-16-2009, 06:44 PM

As goes the automotive industry in the US, so goes the economy.

1 in 8 jobs in the US is somehow tied to the auto industry.

X5 Meister · #2 02-16-2009, 07:52 PM

That's ridiculous. As a taxpayer I shouldn't have to be forced to support a shit company. End the unfair trade policy that is called 'NAFTA", stop importing cheaper Japanese (and soon Chinese) cars that for 2 decades+ were being sold in the US below cost to kill US competition, cut imports of Chinese shit until they start playing fair and stop unfairly pegging their currency to our dollar. We have a massive debt that is further being ramped up as more money is printed and also further deluting the dollar. Meanwhile on the other side of the pond...China... has no debt and a soverign wealth fund to the tune of hundreds of billions.

Quote:

Originally Posted by gresch

As goes the automotive industry in the US, so goes the economy.

1 in 8 jobs in the US is somehow tied to the auto industry.

Thunder22 · #3 02-16-2009, 07:58 PM

Quote:

Originally Posted by mgruber

That's ridiculous. As a taxpayer I shouldn't have to be forced to support a shit company. End the unfair trade policy that is called 'NAFTA", stop importing cheaper Japanese (and soon Chinese) cars that for 2 decades+ were being sold in the US below cost to kill US competition, cut imports of Chinese shit until they start playing fair and stop unfairly pegging their currency to our dollar. We have a massive debt that is further being ramped up as more money is printed and also further deluting the dollar. Meanwhile on the other side of the pond...China... has no debt and a soverign wealth fund to the tune of hundreds of billions.

Whether you're for or against saving GM and the American automotive industry, that doesn't change the fact that the economy will worsen without them.