[nick_n_ii]

To bailout or not to bailout that is the question...

So what is your view on the topic of bailing out the auto industry? Me I look at it this way, no one bailed me out 3 years ago when I lost my job, house and mini-van. SO why should we bail them out? I say let them fall. Yes it will cost the US 2.5 Million jobs. So what! The market needs to reset. We need new views and goals as a country and the auto industry is not it any more. Yes it will get real tight for a few years, but in the end we'll come out better than we are now. Necessity is the mother of invention, and this will boost us as a nation in many other directions. So in the end I say let them fall, fall fast and fall hard. We as a country need a “reboot” if you will. A new goal, a new way, a new direction. There are other area's as a country we could go. There could be a almost over night start up of new, most likely more fuel efficient car company's. Just like at the turn of the century. If we don't let them fall now they will later. It will happen it's just a mater of when.

So I end this in asking what are your thoughts on this?

 

[TripleXJ]

I would rather see a Automaker bailout then the money they waisted on the Stock market that is STILL failing

 

[nick_n_ii]

YA but how can a company ask for a bailout when there talking about there CEO walking away cause of the $30 million in bonuses owed to him not being paid.. aka Chrysler

 

[TripleXJ]

Hire a New CEO *lol*

 

[Belto]

To bailout or not to bailout that is the question...

So what is your view on the topic of bailing out the auto industry? Me I look at it this way, no one bailed me out 3 years ago when I lost my job, house and mini-van. SO why should we bail them out? I say let them fall. Yes it will cost the US 2.5 Million jobs. So what! The market needs to reset. We need new views and goals as a country and the auto industry is not it any more. Yes it will get real tight for a few years, but in the end we'll come out better than we are now. Necessity is the mother of invention, and this will boost us as a nation in many other directions. So in the end I say let them fall, fall fast and fall hard. We as a country need a “reboot” if you will. A new goal, a new way, a new direction. There are other area's as a country we could go. There could be a almost over night start up of new, most likely more fuel efficient car company's. Just like at the turn of the century. If we don't let them fall now they will later. It will happen it's just a mater of when.

So I end this in asking what are your thoughts on this?

I totally :agree: let em fall, that way, they appreciate the buyer, and stop been such jacka$$

 

[nick_n_ii]

Ya but there more worried about paying the guy than the fact there a dieing company.

But it's not just Chrysler it's GM also. GM is facing bankruptcy as early as January '09 if it don't get government money.. I say let them fall..

 

[nick_n_ii]

Look how many new company's and inventions this nation had after the Great Depression. We need another restart like that. Make new jobs, better jobs and kill the UAW off. I mean why does a person need to make $23 a hour to put lug nuts on a car?

 

[TrueBlueXJ]

Well you know full well how I felt about the lending industry bailout, and my sentiments are the same regarding the automotive industry. They're just as much a member of the Boys' Club as the lenders, the oil tycoons, and the Senate; and just as it has been for the better part of a century, they're all in each others' pockets. They deserve to collapse no less than the lending industry deserved the same fate (proven every day by the fact that their bailout is NOT working).

Foreign automakers have been on the cutting edge of automotive technology in regards to economy and efficiency, traits highlighted by ever-growing environmental concerns, for the last two to three decades. American automakers have had plenty of time to catch up, but haven't. Offering fuel efficient vehicles would have surely rubbed their compadres in the gas and oil industries (fellow card carrying members of that aforementioned Boys' Club) the wrong way.

When fuel prices began to rapidly rise toward the end of the 20th century, some TEN years ago, car buyers began abandoning American-made autos for the reliable, highly-rated, fuel efficient cars offered by Japanese, Korean, and German automakers. American automakers thought they could ride it out, not wanting to destroy their ties to the gas and oil tycoons and hurting Club morale. There was a glimmer of hope following 9/11, when a certain pride came with buying anything "Made in America," and a morsel of fear came with anything sold by a foreign nation. But those feelings waned not long after we deployed troops overseas, and The U.S Dept. of Defense became the world's leading consumer of petroleum products, surpassing the consumption of the United States itself, or even the entire Republic of China. Fuel prices went through the roof, and the war quickly became unliked by many, and suddenly saving money became more important than buying American. And THAT sentiment has not changed, and will not change so long as our market continues on its current path.

In short, the American automakers, in keeping their allegiance to the Boys' Club, refused to make advancements while every other nation in the world was spearheading the future of automobile manufacturing. Technology left them in the dust, and the American car buyer did too. Just like the lending industry, they've made this bed for themselves, and they should be left to sleep in it. End of story.

 

[jonb8]

We didn't bail out the airline's when they filed, now they restructured and back up and running. Why give them more money then there all worth put together, that makes no sense. The jobs are gone anyway if we bail them out or not, It's bad buisness and bad is bad, that's what you'll get from it.

 

[nick_n_ii]

Well you know full well how I felt about the lending industry bailout, and my sentiments are the same regarding the automotive industry. They're just as much a member of the Boys' Club as the lenders, the oil tycoons, and the Senate; and just as it has been for the better part of a century, they're all in each others' pockets. They deserve to collapse no less than the lending industry deserved the same fate (proven every day by the fact that their bailout is NOT working).

Foreign automakers have been on the cutting edge of automotive technology in regards to economy and efficiency, traits highlighted by ever-growing environmental concerns, for the last two to three decades. American automakers have had plenty of time to catch up, but haven't. Offering fuel efficient vehicles would have surely rubbed their compadres in the gas and oil industries (fellow card carrying members of that aforementioned Boys' Club) the wrong way.

When fuel prices began to rapidly rise toward the end of the 20th century, some TEN years ago, car buyers began abandoning American-made autos for the reliable, highly-rated, fuel efficient cars offered by Japanese, Korean, and German automakers. American automakers thought they could ride it out, not wanting to destroy their ties to the gas and oil tycoons and hurting Club morale. There was a glimmer of hope following 9/11, when a certain pride came with buying anything "Made in America," and a morsel of fear came with anything sold by a foreign nation. But those feeling waned not long after we deployed troops overseas, and The U.S Dept. of Defense became the world's leading consumer of petroleum products, surpassing the consumption of the United States itself, or even the entire Republic of China. Fuel prices went through the roof, and the war quickly became unliked by many, and suddenly saving money became more important than buying American. And THAT sentiment has not changed, and will not change so long as our market continues on its current path.

In short, the American automakers, in keeping their allegiance to the Boys' Club, refused to make advancements while every other nation in the world was spearheading the future of automobile manufacturing. Technology left them in the dust, and the American car buyer did too. Just like the lending industry, they've made this bed for themselves, and they should be left to sleep in it. End of story.

Very well put right there.....:agree:

 

[TeamCherokee06]

Obama promised Change and I am still searching under the couch for some!

Seriously,If we don't bail them out 3,000,000 jobs are at lost and I might agree they get overpaid but that's something this country can't handle...I am worried!

 

[jonb8]

If we bail them out they just go bankrupt in 6 more months and were still out the cash. GM is loosing thousands per car, how can bailing them out make them more money.....

 

[TrueBlueXJ]

If we bail them out they just go bankrupt in 6 more months and were still out the cash. GM is loosing thousands per car, how can bailing them out make them more money.....

Jon's right. Bailing them out isn't gonna sell more cars. In an economic market, you either make a profit, or you tank. Throwing billions of dollars at them isn't going to solve anything. It will only push us further into a recession and drive the value of the dollar down even more (I think wampum's worth more at this point).

 

[TeamCherokee06]

I agree with both you guys!Gm is overpriced and the workers are overpaid and they need to fix that before anything...

 

[firehawk]

My take on the whole thing is... the bail out is NOT for the automakers, it's payback to the UNIONS for supporting the Democratic candidate.

We do have a thriving auto industry in the United States, their names are Toyota, Honda, Nissan, Subaru...etc. These cars are all built in the US, BY AMERICAN WORKERS. These companies can produce automobiles AND make a profit. Why can't GM, Ford, Chrysler....answer....UAW.

As a FORMER Teamster, I can tell you the time for the "big unions" is over. In my experience, they negotiated a pay raise just large enough to cover for instance an increase in medical insurance and a just enough left over to justify raising your dues. It's all about them, not the worker.

 

[WJCraig]

What GM and Ford needs to do is go bankrupt, get rid of all the ridiculous union contracts they're are currently stuck with, and start fresh so they can actually afford to be competitive. The most expensive part of a GM or Ford Car? It's not materials or even labor...it's all of the pensions they are stuck with. If the Gov't is going to bail out anybody, it should be the people who receive the pensions, from their juicy union contracts, so that the American car companies can build cars at a competitive price and standard. Then if they fail, it's their own fault, and not that of the "outside expenses" plaguing these companies. Then you're not covering a 10 million dollar bonus for some goon who's running a failing company while "Joe the Plumber" gets shafted. You paying pensions for people who worked their entire lives.

That's my opinion.

 

[TeamCherokee06]

I've heard almost the same thing from a finacial expert on Fox Bussiness and it seems like the thing to do,I believe chrysler should do the same and just start fresh for some comp against this companies across seas!

 

[WJCraig]

Oh lord...please don't tell me I share similar opinions with FOX!!!:brickwall:

 

[TeamCherokee06]

I've heard that a few weeks ago,way before this was all mainstream media and the guy was talking about Chrysler...Fox news is the only station I trust!

 

[nick_n_ii]

See I research and read to learn, that's where I build my idea's and thoughts on all this..