BF2S Forums Obama not to let US car industry collapse

Whoever the karma coward was, the way that it is a bummer for the American people is that whatever funds are to be forthcoming will be borrowed funds to be repaid at interest.
The auto maker will remain hamstrung by the unions, consumer confidence you remain shattered because deep down inside, we all know that this is a rip off.
I have always been a faithful made in America guy. I own four American vehicles and they have been great. Although my Chevy van died Friday with about 400k miles on it. But if these assholes flying in private jets with their hat in their hands help saddle my children and theirs with these debts my loyalty will be ended.
The banks have taken their bailout money and stuffed it in their vaults. None of the publics debts will be forgiven despite the trillions in interest these criminals have made before the " emergency ". This is the biggest monetary crime in the history of humanity.

So ya, if they fail, they fail. If they get a pass and don't change, then they will fail anyway and take our loot with them in bonuses.

Meanwhile, hundreds of thousands of small businesses, the real economy, are dying.
If we, the people, have no money to spend, it is game over for everybody in terms of quality of life and booming business. Now all those outsourced jobs are coming back to haunt us as millions are jobless, and most of the factories are gone.

Those who are self employed and see their business closed or becoming inoperable because of lack of capital turn to a changed country.
One where construction trades are done by illegal aliens and computer jobs are done in places like India, along with tele-marketing and software design. Most manufacturing has moved to Mexico or beyond.

In short, we are fucked.

Fuck GM, Ford, and Chrysler.  Bankruptcy will allow them to get their shit together, or they'll die from their own incompetence.  Either way, it's not the responsibility of the feds to back them up.

The government doesn't think twice about giving financials trillions of dollars after they commit knowingly irresponsible, borderline illegal practices, all under the umrella of "we're too big to fail".  but with the auto industry it's a big debate.  The only mistake Detroit made was not owning enough congressmen.

Last edited by Reciprocity (2008-12-07 12:25:11)

KEN-JENNINGS wrote:

It's not the responsibility of the Feds, but bailing out the auto industry makes a lot more sense than throwing money at the financial sector.  A drop in the bucket compared to the bailout Wall Street got, and it (auto bailout) will affect common people (the workers) much more than the $700 billion financial bailout.  I do not support the government propping up unprofitable companies, but I don't think it is a given that the automakers cannot become profitable.  There are many factors at play stopping the automotive industry from being profitable, and a lot of it is incompetence at the boardroom level.

When the Feds cosigned the Chrysler loans for Lee Iococca it was kind of an eye-opener for the automotive industry and that's what I am thinking will be done here.  It is a short-term (maybe) bummer for the taxpayers, but the alternative (putting hundreds of thousands of jobs at risk in an already depressed market) I think would be far worse.

Gee, an opinion that actually makes sense.

Not only what you said... but the last thing this country needs is a larger economic leak in trade deficits (currently a well-over 7 trillion dollar cumulative savings; cash on the back end; and outta this country; leak). The political grandstanding by those piece-of-shits in congress; "lets see a show of hands," blah blah blah... it's amazing how many people were taken in by such cheap and pointless self-serving tactics.

Last edited by topal63 (2008-12-08 12:28:12)

topal63 wrote:

Not only what you said... but that last thing this country needs is a larger economic leak in trade deficits (currently a well-over 7 trillion dollar cumulative savings; cash on the back end; and outta this country; leak). The political grandstanding by those piece-of-shits in congress; "lets see a show of hands," blah blah blah... it's amazing how many people were taken in by such cheap and pointless self-serving tactics.

That's a really good point that I hadn't really pondered...it would mark another pillar of American industry shut down; another bleed of industrial/manufacturing base out of the US.  In a sense a "bailout" of the auto industry could mean the reinvestment of funds into American industrial/manufacturing base.  That would be a great concept to embrace.

KEN-JENNINGS wrote:

topal63 wrote:

Not only what you said... but the last thing this country needs is a larger economic leak in trade deficits (currently a well-over 7 trillion dollar cumulative savings; cash on the back end; and outta this country; leak). The political grandstanding by those piece-of-shits in congress; "lets see a show of hands," blah blah blah... it's amazing how many people were taken in by such cheap and pointless self-serving tactics.

That's a really good point that I hadn't really pondered...it would mark another pillar of American industry shut down; another bleed of industrial/manufacturing base out of the US.  In a sense a "bailout" of the auto industry could mean the reinvestment of funds into American industrial/manufacturing base.  That would be a great concept to embrace.

The biggest mistake to be made - would be the US loosing this market-share to Japan; and the rest.

Failing to say we back our industry; our National interests at home; is what is a mistake. A deal and a plan should be hammered out immediately. The loss of manufacturing has to stop; and now. It should not be debated. What should be debated is the comprehensiveness of the plan. Americans do not need more credit. They need more savings, money and work/labor/any-manufacturing to stay in-country.

Last edited by topal63 (2008-12-08 12:28:29)

The#1Spot wrote:

It would be better if the govt just cut the workers ( not management ) a 3 to 6 months salary check to find a new job and let the failing 3 die. Same for the suppliers that go bankrupt. Far less money used and I would think that the economy would take a far less of a dive from where its at right now.

Pay the workers to do nothing then reintroduce them into the job market, at the same time allow manufacturing/industry pillar of the US to collapse.  Yeah, doesn't sound like too good of a plan.

Also - Obama's public works plan - a valiant idea, but how about reestablishing more industrial/manufacturing in the US instead of creating jobs out of nothing?  Why not promote industry as a continuing source of economic/national security instead of (what seems to me) a short term solution?

KEN-JENNINGS wrote:

The#1Spot wrote:

It would be better if the govt just cut the workers ( not management ) a 3 to 6 months salary check to find a new job and let the failing 3 die. Same for the suppliers that go bankrupt. Far less money used and I would think that the economy would take a far less of a dive from where its at right now.

Pay the workers to do nothing then reintroduce them into the job market, at the same time allow manufacturing/industry pillar of the US to collapse.  Yeah, doesn't sound like too good of a plan.

Also - Obama's public works plan - a valiant idea, but how about reestablishing more industrial/manufacturing in the US instead of creating jobs out of nothing?  Why not promote industry as a continuing source of economic/national security instead of (what seems to me) a short term solution?

I would rather have the money go to getting rid of illegal immigration.

I still say its good money chasing bad...

SealXo wrote:

ATG wrote:

Those who are self employed and see their business closed or becoming inoperable because of lack of capital

BTW - all cars* (*economical ,middle- low class ,non truck or sports cars) american cars suck, and when they get a bailout, theyll still have shit cars.


Compare a VW gti to a Focus hatchback.

Have you looked at why American cars suck?  Americans made some of the best cars for reasonable prices until the unions gained too much power.  Now, American car companies are highly regulated/restricted by the American government and they have to pay their employees ridiculous amounts of money.  My first thought was, I do not want them bailed out, but then I realized that the government put them in this position.  Of course, now I still think I don't want them bailed out, because then the government is just going to take over, and I'm more of a free-market kinda guy.

yay people will still make 35 bucks an hour for holding sheet metal under a stamp.  we are saved!


fucking idiots

Usually I'd say let the free market theory take it's toll but christ that's a load of jobs at stake.

O well, Japan will now lead the way.