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GM and Chrysler make me sick

Old 03-30-2009, 08:12 PM
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Default GM and Chrysler make me sick

i was watchin the news and GM and Chrysler accepted the bail out money...
at first i was like why didnt ford? thats so stupid then i realized... FORD ISNT LOOKING FOR HANDOUT
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Old 03-30-2009, 09:02 PM
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it would seem that ford had put themselves in a better position to weather the storm than GM and Chrysler. I've been a longtime GM fan and hope they continue to survive but wouldn't be suprised if they both went down in the next couple of years. Chrysler seems to be done already - they are in talks to merge with Fiat and if that doesn't work the U.S. government has already said that they won't give Chrysler any more money
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Old 03-30-2009, 09:17 PM
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All thought I am not found of them, I do feel bad for the workers who will get laid off because of the greedy people upstairs.
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Old 03-30-2009, 09:39 PM
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As the Smilies explain:

I do feel for the potential laid off workers, but Goverment bail outs of a private industry are ALWAYS a BAD idea.

I am proud that Ford has had good enough practices to weather a hard time.

As for the others, I think if they can not survive on their own, they need to go away .

Capitalism is self cleaning and self correcting, bail outs are a socialist way of dealing with the economy .

Though I would hate to see the effects of such a happening, when given time things would even out and other manufacturers will fill the gap and bring the vast supply chain back online and employment for those laid off .

Good Bye!
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Old 03-30-2009, 09:49 PM
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If we were sure that bail outs would work and save an American company (no matter how much I dislike them) everybody would approve it.

They've not given us much word on what they plan to do with the money; yet I don't feel like hearing the rest of the world complaining about how ****ty American vehicles are.
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Old 03-30-2009, 10:37 PM
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GM and Chrysler would be better off claiming Chapter 11 where the companies could fall back and regroup and get off the hook for billions in welfare payments to UAW retirees. It was observed that GM and Chrysler are retirement clubs for tens of thousands of retirees and each club has a minor sideline building cars and trucks at a loss.

Going Chapter 11 doesn't make GM and Chrysler disappear; the equipment and infrastructure for manufacturing cars and trucks are still there; there is still a work-force ready and able to build cars and trucks; the market for cars and trucks is still there....the main difference would be a reduction in labor costs to come more in line with the successful car manufacturers such as Toyota. (Toyota workers' pay is about half the hourly rate including benefits compared to UAW workers; do you see all those exploited workers at Toyota bailing out and rushing over to GM and Chrysler to make those fat paychecks??)

I feel sorry for the coming plight of the individual worker, but I have no sympathy whatsoever for the beast from Gorki, the UAW, and all the Union "leaders" who come out with fat pay-checks no matter what happens to the rank-and-file Union members and the companies.
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Old 04-01-2009, 12:34 AM
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Originally Posted by acs_guitars View Post

I am proud that Ford has had good enough practices to weather a hard time.
That is because a couple of years ago, Alan Mulally took over the CEO job at Ford. Some of the things he did to help Ford regain financial stability was to sell off the unprofitable divisions, like Volvo, Jaguar, etc. And, he borrowed 24 billion dollars against the Ford name itself. Alot of people thought he was crazy to do such a thing, but now he is looking like a genius.
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