What a ing mess! These CEO's are so out of touch with the average working class Americans its pathetic. Hundreds of thousands of people are going to be affected due to their idiotic arrogant ways of thinking.
Deregulation was a bad idea and here we are, the rich walk away with millions and hundreds of thousands could loose their jobs.
Nerologic
No!!
Let them suffer, they messed up in the first place (it sucks that it will hurt MANY people).
quote:
Corrections in the business cycle are a necessity. Ups and downs in the business cycle prevent price fixing, and overall manipulation of the economy, which is what the government is trying to do right now.
And this doesn't help their cause either:
"Big Three CEOs Flew Private Jets to Plead for Public Funds"
Originally posted by JCIZZLE!
What a ing mess! These CEO's are so out of touch with the average working class Americans its pathetic. Hundreds of thousands of people are going to be affected due to their idiotic arrogant ways of thinking.
Deregulation was a bad idea and here we are, the rich walk away with millions and hundreds of thousands could loose their jobs.
Yes, let them squirm and figure it out on their own. I, the American tax-payer am pretty much unaffected by this nor would I benefit at all by a "big-3" bailout since I drive German. I would argue that it isn't "deregulation" that put them in this mess, rather than it's due to too much regulation. But that's the difference between ideologies of government: Which is better? More? Or less? Libtards always choose more.
R!CH
why should the taxpayer prop up 3 companies that make products that no one wants to buy? what guarantee does anyone have that they won't waste it making more stupid suvs and come running back in 6 months for another billion-dollar bailout? i used to think we were a free-market capitalist economy. let's start acting like one and let horribly managed companies fail or consolidate down to their real worth.
|Thrax|
No.
GM has over 200,000 retiree's, obviously this is the collapsing of a huge workforce, but nothing that cant be turned into my innovative jobs.
You know I am sick of this type of crap. We are such a great hardworking nation.
We should be investing in innovation at home, ways to produce natural based fuel,clean energy.. we've been on the same path since the 40s or 50's. With the technology today I could drive a car powered by vegetable oil, but powers that be would rather work on smogging cars to make sure they pass some wild interpretation of "clean"
plus their average profit per vehicle is poor, obviously SUV's and huge cars did not help them..now they are seeing the results of their horribler mismanagement.
It's management...The unions didn't MAKE them design and build fcking garbage nobody wants to buy.Innovation instead of crap cars; more money won't help if they are just going to piss it away again.
I f'in hate car dealers. The slimeball sales tactics are terrible, and the bait and switch financing sucks. Additionally,focus has been lost in terms of what is important to customers. SUV's,Backup cameras/sensors,flex fuel,quad zone climate,etc.
make something useful and eco friendly. Something people want, want to drive, want to buy again....
Even Mitt Romney wrote an amazing piece I agree with.
Even the new UAW contracts (which also included significant pay cuts for GM execs), the new CAFE standards and new California Air Resources Board policies were crap...
not enough to survive the financial downturn brought on by high oil prices and housing reform.
RobertStern
Not to mention almost all the vehicles that these 3 produce are crap.
|Thrax|
i edited my post.. more info added..
R!CH
i thought i'd mention that it's completely natural for companies that have lost market relevance to fail so that new blood can come in and pick up the pieces. when ford bellies up, someone like tesla motors will come in to buy their factors of production and begin driving their own costs down through efficiency and greater economies of scale. then you have electric cars as fast as porsches costing half the price. nothing is lost but a brand. a ty brand. one that consumers have already decided isn't worth the money it's made with. this whole notion that ford's continued operation at a loss is a matter of 'national security' is a load of . i laughed hard when i heard that.
|Thrax|
national security?
:-p
While I do agree and like some American cars, Europe really like the Ford focus; but they are built as a different beast over there. Its not the same gimmicky crap plastic dash rattle box as its become over here.
They are def. not up to par price wise (read: not worth it)
junkproject
quote:
Originally posted by R!CH
i thought i'd mention that it's completely natural for companies that have lost market relevance to fail so that new blood can come in and pick up the pieces. when ford bellies up, someone like tesla motors will come in to buy their factors of production and begin driving their own costs down through efficiency and greater economies of scale. then you have electric cars as fast as porsches costing half the price. nothing is lost but a brand. a ty brand. one that consumers have already decided isn't worth the money it's made with. this whole notion that ford's continued operation at a loss is a matter of 'national security' is a load of . i laughed hard when i heard that.
Don't think tesla motors have the market to even considering buying a big plant from ford/gm. The ceo has put up hundreds of millions of his own cash to support the company. Saw a video of their factory and it looked very small.
djjoshuaallen
Definatly not.
What good is a free market if the government is going to continue to step in to prevent failure. They ed themselves with the precedant set with the first bailout. Many more companies will attempt this in the near future.
And the car industries representitives are playing it as a loan. Even more reason to reject it. What lender would loan to a company largely irrelevant in its own market, when those that lend are the ones who have already determined the companies irrelevancy in the form of consumption.
skizzell
quote:
Originally posted by junkproject
Don't think tesla motors have the market to even considering buying a big plant from ford/gm. The ceo has put up hundreds of millions of his own cash to support the company. Saw a video of their factory and it looked very small.
And they also scaled back production of their next vehicle (sedan). they are in constant jeopardy of collapsing imo. They are a start-up :)
