Auto Bailot Just Failed!

spanko

Active Member
Originally Posted by stdreb27
http:///forum/post/2873581
Why would ghettofinger say that. I'd expect someone like the CEO from GM say that...
Because he is trying to make everyone afraid and move the problem away from him not wanting to negotiate anything. I say again, schmuck!
 

darknes

Active Member
This is a capitalist economy, I don't understand why a company would even be considered for a bailout from the government! If your company cannot compete, then you deserve to go bankrupt and let more competitive companies take over. Where were the bailouts for steel companies and airlines??? Every other company in this country is feeling pressure right now, but they aren't asking for handouts...they make changes to adjust!
I'm sorry, but the unions ruined the Big 3. It's ridiculous that a laborer makes more than many people that go through college making themselves competitive. And it's asinine that auto companies pay union workers not to come to work!
IMO we need to let the Big 3 figure it out for themselves...
 

stdreb27

Active Member
Originally Posted by spanko
http:///forum/post/2873592
Because he is trying to make everyone afraid and move the problem away from him not wanting to negotiate anything. I say again, schmuck!
I guess I'd expect the CEO of gm to say that to "scare" ghettofinger to give consessions.
 

darknes

Active Member
Originally Posted by fish master
http:///forum/post/2873588
cowfish,what if they sent your job overseas. how would you feel.
Obviously if your job is sent overseas, you aren't worth what you were getting paid!

Employees work for a company providing quality work in return for compensation. The company doesn't owe you anything other than a fair wage for your labor. That's capitalism.
 

spanko

Active Member
stdreb Maybe behind closed doors in contract negotiations or discussion about this that would be the case.
 

sickboy

Active Member
If their best option is to skip chapter 11 and go straight to liquidation, then a bailout is going to do NO good at all. Let them fail, yes it will deepen the recession, but oh well...
 

sickboy

Active Member
I don't think it will get that bad, construction is starting to pick back up around the country, it will just push the bottom of the trough back a couple months.
 

sickboy

Active Member
Unless, of course, you live in Michigan, and then yes you might want to start stocking up on canned goods...
 

darthtang aw

Active Member
Originally Posted by fish master
http:///forum/post/2873588
cowfish,what if they sent your job overseas. how would you feel.

I would open my own business....Oh wait...did that when My job was given to a family relative at my last place of employ.
Some of you keep talking about from a job loss stance....ok fine...but California may now ask for a bailout because they can't afford to keep paying all their employees and programs....do we give it to them also. After all, the alternative will be massive job loss also...
 

fish master

Member
imo, i think the goverment should give the people money. then we will go out buying things like cars. then companies will be out of trouble. problem solve thank you thank you
 

sickboy

Active Member
Originally Posted by fish master
http:///forum/post/2873644
imo, i think the goverment should give the people money. then we will go out buying things like cars. then companies will be out of trouble. problem solve thank you thank you
So, you would like to take our future money and give it to ourselves now?? We tried that earlier this year and it did no good.
What would work even better: We balance our budget, pay off our debt, and then the gov't can let us keep our own money!!! Once you don't have debt obligations, the gov't could just tax us for SS and roads, etc.
 

sickboy

Active Member
Originally Posted by fish master
http:///forum/post/2873666
we will never be able to balance our budget. our debt is to great. what is it now in the trillions
Yeah, 10 trillion. Interesting you say it is too large, we just spent 10% of that bailing out the financial institutions....
Its not impossible, just nobody care about doing it.
 

sickboy

Active Member
Originally Posted by fish master
http:///forum/post/2873685
hey but we have to borrow the money. that just makes our debt go up higher. you cant borrow money to pay off a debt
I agree, I'm just pointing out that it is dumb to think we can't pay off our debt when we can obviously afford to print a trillion in dollars....
 
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