Bush outlining auto bailout

bigsilly · Dec 19, 2008

Bush is announcing right now the bailout plan for automakers.

bigsilly · Dec 19, 2008

$13.4 billion in December and another $4 billion in February. If a viable plan is not in place and progress made by March 31 the loans will be called back in by the government. He said bankruptcy is not an option for the automakers.

caglezxj · Dec 19, 2008

bigsilly said:
$13.4 billion in December and another $4 billion in February. If a viable plan is not in place and progress made by March 31 the loans will be called back in by the government. He said bankruptcy is not an option for the automakers.

Saturn employees was already told they are filing bankruptcy and they would be laid off for a little while. I work for a Automobile plant and this is what came down the pipes. Who knows.

I think a planned bankruptcy wouldn't be so bad and they could restructure. Just my 2 pennies though.

muchado · Dec 19, 2008

Bankruptcy ****s the suppliers and when the suppliers go under who is going to supply the automakers?? It's a fawked up situation any way you look at it. You keep the automakers in biz with a restructure/bankrupcy but put their suppliers out of biz, then you still have people losing jobs.

Makes me feel great as a taxpayer that if you do not choose to pay for an overpriced american car... that you will still be paying for it in taxes :

:

Great example of capitalism at its worst.

Blase · Dec 19, 2008

If us tax payers are going to have to bail out the auto and housing markets we should get **** at cost!!! I'm sick and tied of bailing out these ****ers and the top brass still making millions and thier GOD DAM bonus's that are more than my whole ****ing salary. I don't want to see anyone lose their jobs but the only differance I see between these bail outs and enron is that the head cheese for these guys is still walking the streets. If these guys have to get loans the owners/stock holders should have to give up all thier **** first. Then us hard working tax payers can bail ourselves out. WE SHOULD NOT BE BAILING OUT MILLONAIRES :flipoff1:

blacksheep10 · Dec 19, 2008

MUCHADO said:
) Great example of SOCIALISM

vanguard · Dec 19, 2008

I don't really have a problem with the price of american cars and trucks. The Camry or Accord are actually more expensive that the US versions. In the truck space, I can get a 3/4 diesel truck for about the same price as I'd pay for a new Tundra.

The problem is that is so many cases, especially cars, I just don't like the US version as much. Everybody talks about prices and the costs of production but nobody talks about how the white color guys are screwing things up.

Chevy volt concept car that was suppose to save the company:

Stupid car that will actually be built that people won't like:

These cars start to suck in the design phase, not on the manufacturing floor.

muchado · Dec 19, 2008

Nah dude you got it all wrong the automakers SUCK at the MANAGEMENT level... not engineering, design, manufacturing.. the **** starts up top and travels downstream.

muchado · Dec 19, 2008

Meh I see your point... but capitolism at it's worst still IMO because these automakers are HUGE and cannot support themselves due to mis-management.... So yes the bailout bullshit is socialism in desperation to keep capitolism of these companies alive although they are failing miserably. Why did it take THIS ****IN LONG to realize where they were headed??? Is there an echo in there I say.... since they obviously have their heads shoved far far far up their asses.

blacksheep10 · Dec 19, 2008

MUCHADO said:
Meh I see your point... but capitolism at it's worst still IMO because these automakers are HUGE and cannot support themselves due to mis-management.... So yes the bailout bullshit is socialism in desperation to keep capitolism of these companies alive although they are failing miserably. Why did it take THIS ****IN LONG to realize where they were headed??? Is there an echo in there I say.... since they obviously have their heads shoved far far far up their asses.

any interruption of the free market is a deviation from capitalism. The beauty and beast of the system is that when a company is mismanaged, it fails. part of the system, growth, proper, downslide, then either a change with resurgence or failure. That's how **** stays balanced, let them be. laissez faire