RLJ676
New member
Way to go Ford! I'll take anything I can to help sales!
Have you guys had much interest in the transit connect?
I'm guessing the Fusion Hybrid's move as fast as they land on the lot?
Way to go Ford! I'll take anything I can to help sales!
How's that exactly?
Like I've said, there's nothing saying this won't be paid back. That equals saving a ton of jobs, and preventing a lengthening/deepening of a pretty bad recession for free? We know the worst case cost, but we don't know the best case (which would be a net positive return- unlikely).
Do we really know the worst case...do have a crystal ball? WTF do you think will happen if they go under now? After all there's nothing saying it WILL be paid back.
Have you guys had much interest in the transit connect?
I'm guessing the Fusion Hybrid's move as fast as they land on the lot?
Worst case is all the money invested is lost. Thought that was clear.
And what will you say if the return is ZERO????
Fact is the UAW was paid off for its support in the election and the bondholders got screwed when, according to backruptcy law, they would have recieved more than the unions in a bankruptcy. NO Gov't Motors ever for me...until or if they ever pay the gov't back. NO MORE SOCIALISM.
Yea, taxpayers money...and the "disaster" that was averted would just be postponed.
I really like the way Pelosi is patting herself on the back...wonder how good sales would have been if the Gov't didn't subsidize them too????????????????
Been a GM man since '79 with well over 30 GM purchases made. And based on all that hands-on experience, I have not owned a GM car since 2001. Toyota has since filled the bill for my cars with 2 sitting in my garage right now. They simply do not go in to to the shop for anything and perform exactly as needed for my wife and son. I'm the last GM hold out in the family with a '06 Denali XL. With the exception of an '88 Calais I owned with the infamous Quad 4 motor, the Denali is hands down the worst GM vehicle I have owned in terms of quality. I can tell you that the odds of it being replaced with another GM product are quite slim. I'm looking to trade it off this weekend so we'll see what I come up with. I've been quite impressed with Ford's current lineup. Much more so than GM's lineup. And as a taxpayer, I like that Ford did not take any of my money to stay in business. That just might earn them my business after all these years.
Coming from a UAW family, I used to be the same way (no foreign vehicles on my property). I fault no one who has this philosophy. I also offer no apologies for having two of those damn furrin' cars in my garage. I believe my ratio keeps me in the pro-American lot. My trucks will always be American. My cars will be whatever fancies my wife. And right now she fancies Toyota. I believe I heard her mention Nissan the other day. Oh my!I have been a GM buyer for the same period, probably close to sixty vehicles. You will not find an import car or truck on my property, period.
In all those vehicles which we run to 225,000 or 250,000 miles I have only been inside one engine, (lifter noise on a 96 Tahoe). Less than 8 transmission rebuilds and two for rear end work (1 under warranty)
I'm not saying a Toyota couldn't do the same (after all they have done well by copying us and listening to our experts), but I am not spending my money there when I can buy American.
You guys that think GM/Fiat should've been shut down....how much do you think it would've cost to support all the people that would've been out of work? Don't forget to include all the collateral damage.
Consider the idea that taking care of all these people would've been a much greater example of socialism than trying to keep the business going.
I'd much rather borrow $50Billion @ .25% to have a shot at getting some/most/all of it back, rather than just throwing $50B at people with no chance of ever getting it back.
I like the new Buicks, would drive a Caddy and will continue to drive GM trucks.
Is every company that declared bankruptcy out of business? NO. The assets would have been spun off and sold to the highest bidder; someone would have stepped in to buy the compnay or parts of it and restored it to health with a competetive approach; more union concessions or no union workers and built a solid company or companies based on sound business practices. Happens every day. Look whats happening anyway...no Saturn, no Pontiac...this all could have been done without taxpayer money. This is ALL ABOUT POLITICAL PAYBACK TO THE UAW. Geeez, they ended up declaring bankrupcy anyway just to screw certain creditors; borders on criminal if you ask me.
Yeah, because sales of auto mfg's have all gone real well. That capacity would not have been bought or bought for pennies on the dollar. GM would be liquidated, a tiny fraction bought, and more former great US things owned by foreigners. That would be real great for the US (oh, and the lenders all end up completely screwed anyways).
This country's lack of realization that the market is not free, and the competition values their big industry and protects them is pathetic. I'm so ****ing sick of uninformed "Americans" rooting against the home team, while the competition they root for (and site for not needing this help or that) has been propped up by their gov'ts all along.
Go sell a foreign car in Japan, Korea, China and see how that goes as a foreign entity. Yet here we are dumb enough to root for them to win. They get it, we don't. Modern "war" is economic, and we are going down the ****ter. What happens when they decide they no longer want to keep buying our debt in USD, or at all? We have a constant flow out of money, combined with huge debt to everyone. Real power is earned by being a lender, not owing everyone.
So keep rooting for GM to fail to prove some idiotic point of yours, so that you lose your tax investment.
You can't claim " let capitalism decide" for the US when you are competing on a foreign stage that has no concept of a "fair fight". But I guess you guys think all this country needs is bankers and waiters, why make anything or actually create value.
Yeah, because sales of auto mfg's have all gone real well. That capacity would not have been bought or bought for pennies on the dollar. GM would be liquidated, a tiny fraction bought, and more former great US things owned by foreigners. That would be real great for the US (oh, and the lenders all end up completely screwed anyways).
This country's lack of realization that the market is not free, and the competition values their big industry and protects them is pathetic. I'm so ****ing sick of uninformed "Americans" rooting against the home team, while the competition they root for (and site for not needing this help or that) has been propped up by their gov'ts all along.
Go sell a foreign car in Japan, Korea, China and see how that goes as a foreign entity. Yet here we are dumb enough to root for them to win. They get it, we don't. Modern "war" is economic, and we are going down the ****ter. What happens when they decide they no longer want to keep buying our debt in USD, or at all? We have a constant flow out of money, combined with huge debt to everyone. Real power is earned by being a lender, not owing everyone.
So keep rooting for GM to fail to prove some idiotic point of yours, so that you lose your tax investment.
You can't claim " let capitalism decide" for the US when you are competing on a foreign stage that has no concept of a "fair fight". But I guess you guys think all this country needs is bankers and waiters, why make anything or actually create value.
Yeah, because sales of auto mfg's have all gone real well. That capacity would not have been bought or bought for pennies on the dollar. GM would be liquidated, a tiny fraction bought, and more former great US things owned by foreigners. That would be real great for the US (oh, and the lenders all end up completely screwed anyways).
This country's lack of realization that the market is not free, and the competition values their big industry and protects them is pathetic. I'm so ****ing sick of uninformed "Americans" rooting against the home team, while the competition they root for (and site for not needing this help or that) has been propped up by their gov'ts all along.
Go sell a foreign car in Japan, Korea, China and see how that goes as a foreign entity. Yet here we are dumb enough to root for them to win. They get it, we don't. Modern "war" is economic, and we are going down the ****ter. What happens when they decide they no longer want to keep buying our debt in USD, or at all? We have a constant flow out of money, combined with huge debt to everyone. Real power is earned by being a lender, not owing everyone.
So keep rooting for GM to fail to prove some idiotic point of yours, so that you lose your tax investment.
You can't claim " let capitalism decide" for the US when you are competing on a foreign stage that has no concept of a "fair fight". But I guess you guys think all this country needs is bankers and waiters, why make anything or actually create value.