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#1
11-17-2008, 08:01 AM
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Auto Bailout, yea or nea?
Since we've already allotted 700B to socialist bailouts, I'm not quite sure how 25B of that pot is a bad idea to save and industry, this if destroyed, would basically bankrupt the state of Michigan as well as a couple thousand supply chain companies. IMO not passing a 25B loan to GM and Ford would be a bad idea. Of course, there should be rules/regs in place...and IMO Chrysler deserves none of it (privately owned = your own damn problem).
Again, this goes 100% against my Libertarian beliefs but apparently the country is all for handouts, so roll with it. We'll see I guess. Give it up to Ford who, of the big 3, is most solvent as a company!!
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An unwavering defender of those I see worth protecting. "promote the general welfare, not provide the general welfare" We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America. 
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#2
11-17-2008, 09:36 AM
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I give it a big nea. All it will do is postpone the day of reckoning another 6 months or so. If they fail, the jobs will move to Honda, Toyota, BMW, Nissan, etc., which all have huge plants in the U.S., but without the union dead weight.
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#3
11-17-2008, 09:40 AM
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Quote:
 http://money.cnn.com/2008/11/17/news...ion=2008111707 I'd initially agree but I don't think Michigan having double-digit unemployment is a good thing.
__________________
An unwavering defender of those I see worth protecting. "promote the general welfare, not provide the general welfare" We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
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#4
11-17-2008, 09:47 AM
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Quote:
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#5
11-17-2008, 04:16 PM
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I am against this loan to the auto companies. I believe this would just continue to leave the door open to any company who does poorly. What incentive would there be to make wise decisions if the government is always there to bail you out. I believe bankruptcy protection would give GM a chance to reorganize, close some superfluous dealers and/or brands, and rid themselves of excess employees. This I believe would be the best long-term solution to their problems.
On the political side of the issue, I recall hearing on MSNBC that it would be political suicide for whichever president chooses to give a bailout. The American public appears to be fed up. So far, it appears Bush is waiting for Obama to act.
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Michael 2008 BMW X5 3.0si Space Gray/Black Nevada Leather/Bamboo Wood Trim Premium | Cold Weather | Technology | Automatic Tailgate | Comfort Seats | iPod Adapter Previous: 2004 BMW 330xi
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#6
11-17-2008, 04:33 PM
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Nay. Figure out a way to manage those legacy costs, or die.
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#7
11-17-2008, 06:51 PM
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Quote:
 They need to cleanup first. No blind checks from taxpayers money. The banks have not started lending and some are misusing the bailout money.
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#9
11-17-2008, 04:34 PM
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I'm a big nea, there needs to be a massive restructuring of the American Automaker's system and the only way to do that is to allow them to fail. If you provide benefits for doing poorly, there is no motivation to improve. A bailout fosters less than favorable behavior, something that has got to change. They first need to deal with the Unions and supplier issues and stop making significantly more cars than the economy or demand will support. I understand they do this because they are minimizing losses but come on, when you have to do "Employee Pricing" regularly you devalue the brand name and the image associated with it making it even harder to sell in the future because you get consumers used to buying on sale
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2006 BMW X5 4.8is Lemans Blue/Beige/Dark Maple -Nav, Comfort Seats, Heated Steering Wheel, Rear Airbags, AUX Input 2009 BMW M3 Space Grey/Black/Carbon -all options
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#10
11-17-2008, 04:46 PM
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We have to let them fail, it's the only way they can rebuild the companies better and stronger. Bailouts for any industry reward failure and poor management. US automakers need to make cars people want, the pure garbage then build now has no place to go, you can't shine up the latest line of GM products and make them appealing.
When the inflation hits from all the "bailing" we are doing the shock will be breathtaking for even the financially strong among us. This is the real concern we should look at.
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- 335i E92 2007 [Sapphire Black/Coral Red] - X5 E70 2013 [Sparkling Bronze/Cinnamon] "Living the dream" 1981 Delorean #6489 
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