GM bailout rant

[jayman]

Yeah, just labels. Nobody even knows what is "normal" anymore. Was our recent credit binge "normal" or an aberration in the grand scheme of things. Compared to 1930, we're all living like Kings

There will always be good times and bad times. Much like the weather will always change, at least it does around here

My pet peeve: folks around here will heat their homes to a temp that, were it July, they would run the air conditioner and complain about being too HOT

[Genoz World]

"DEPRESSION???" GOSH...................i've known we've been in a recession for quite a while now..................what took so long for the media to admit it?

we're heading straight for a DEPRESSION. only a few simple things can tip the scale to the dark side.

MY ADVICE FOR US ALL?

greed versus fear. when everyone fears, let's start investing. it's the american way.

[Scummer]

So now that GM and Chrysler got a 17$ loan from the taxpayers, do we get bonus checks too after the miracle happens and they are making a profit again?

[DanCar]

Boycott them for taking our tax dollars. This is the second bailout. First was the $25 billion to go green. There will be more money funneled into them. GM is far from being profitable.

Did you know you are paying for the Volt development via the first $25 billion dollar bailout? Then you are going to pay again when the government gives a $7.5K credit on each volt sold. I know Toyota isn't happy about it.

[malorn]

Originally Posted by DanCar

I know Toyota isn't happy about it.

Gosh that's too bad what are they going to do? Stop taking our money? Stop shipping the US cars? Who cares how toyota feels?

[darelldd]

Originally Posted by malorn

Maybe if you get your way and detroit goes down and then the country goes down and Disney taps you on your shoulder, relieves you of your post and tells you your pension is gone and you will no longer have health insurance you will get it.

There are many of us who don't agree with your take on what is wrong with the industry - and some of us don't actually want the big three to fail. We would have liked for them to have come to their senses long ago. Pointing out how they screwed themselves is not the same as wanting it to happen.

[SageBrush]

I get that propping up failing industry with welfare does not a healthy country, pensions, or sustainable health insurance make.

Fiscal common sense. Something republicans *used* to have

[DanCar]

Originally Posted by malorn

Gosh that's too bad what are they going to do? Stop taking our money? Stop shipping the US cars? Who cares how toyota feels?

What is implied is an issue of fairness. How do American companies feel if other countries undermine US businesses selling abroad by providing local subsidies to local companies.

[jayman]

Well, the bailout, emergency loan, whatever the hell they're calling it, appears a done deal in the US and Canada. Will the Big Three piss and moan for a lot more?

You *bet* they will

[xsmatt81]

the 14 bn is just to get them through till march. It's like giving someone with a brain tumor an aspirin, and saying there try to feel better.

Biden today said the economy is much much worse shape then his team had thought. Him along side President elect pledged to do whatever it takes to keep the auto industry from tanking. 150+bn is not out of the question next year for the big three.

another stimulus package and count on several more banks going into toxic shock and old Ben firing up the printing presses.

inflation is coming