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If one of the big three autos go bankrupt or gov takeover what will happen
- Thread starter mahram
- Start date
When Oppenheimer and crew were making the first atomic bombs, they really didn't know the effect. Some actually thought the detonation could destroy the earth. They went ahead anyway.
Same here . Like Lehman, I don't think anybody can actually measure all the little implosions since the industry is embedded in all communities. Drive by your biggest local dealers, and fathom the jobs there, and then thing about all the ancillary services these guys use. Parts dealers, couriers, banking, realestate, etc. etc., etc.
That being said, push the plunger. This is like keeping your suffering dog alive. It's just cruel.
Same here . Like Lehman, I don't think anybody can actually measure all the little implosions since the industry is embedded in all communities. Drive by your biggest local dealers, and fathom the jobs there, and then thing about all the ancillary services these guys use. Parts dealers, couriers, banking, realestate, etc. etc., etc.
That being said, push the plunger. This is like keeping your suffering dog alive. It's just cruel.
I'd just like to add that American cars are NOT inferior to the Japanese cars.
They ARE different.
GM and the rest may have made some huge blunders not revamping the style of their cars and trucks but they built what the consumer wanted/needed.
The asians have been making small cars since the beginning.
Try strapping another 5000 pounds on a camry and see how well/long it runs.
I wonder what obligations to unions and pensions the asian companies have.
They ARE different.
GM and the rest may have made some huge blunders not revamping the style of their cars and trucks but they built what the consumer wanted/needed.
The asians have been making small cars since the beginning.
Try strapping another 5000 pounds on a camry and see how well/long it runs.
I wonder what obligations to unions and pensions the asian companies have.
Certainly the big 3 are important to the economy and many jobs will be lost if they go bust. But the fact is that they have been running on empty for years, not just since the current crisis.
One thing is to bail them out, but will it not simply extend their pain? Gas guzzlers, old factories and bad management and lack of new ideas (oh wait, GM has the Volt!) is no solution for the future.
Before any new industry is added to the bailout package, limits needs to be set. Who will be next? Sprint? Las Vegas Sands? Viacom? They may not be that important, but seriously, limits must be set on this.
The socialist-like agenda is quite scary for America.
The US will prevail as always, it is just a matter of time. As for GM and the others? I just don't see a plan for them to survive without a 180 and that should not be the government that demands it (But hopefully they will). It should be the Board and the shareholders - 5 years ago.
One thing is to bail them out, but will it not simply extend their pain? Gas guzzlers, old factories and bad management and lack of new ideas (oh wait, GM has the Volt!) is no solution for the future.
Before any new industry is added to the bailout package, limits needs to be set. Who will be next? Sprint? Las Vegas Sands? Viacom? They may not be that important, but seriously, limits must be set on this.
The socialist-like agenda is quite scary for America.
The US will prevail as always, it is just a matter of time. As for GM and the others? I just don't see a plan for them to survive without a 180 and that should not be the government that demands it (But hopefully they will). It should be the Board and the shareholders - 5 years ago.
Quote from canuckrookie:
Agreed, they need to go bust asap. Throwing money at this black hole is just delaying the inevitable. Problem is politicians will keep throwing billions of tax dollars at them to keep their voters happy. Just another layer of bs on the bs cake.
My thoughts exactly. Unless GM initiate major production downsizing along with substantial labor contract benefit changes any FED support is just money in a black hole. I DOUBT IF THEY CAN DOWNSIZE FAST ENOUGH and the outcome is the same - job losses in any case.