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View Full Version : GM and Chrysler ask for more $


SamReeves
18-02-09, 17:10
The bailout of the bailout of the bailout continues. GM and Chrysler want $30+ billion more from the federal government to produce autos that nobody has the money to buy ATM. Good God, let them file for bankruptcy and allow Ford to pick which parts they want out of the liquidation. Socialist cars aren't gonna do squat to revive economic growth. Read the story below in the Wall Street Journal:

GM Seeks $16.6 Billion More in U.S. Aid
(http://online.wsj.com/article/SB123489494750801713.html)

Mad Tony
18-02-09, 17:14
These bailouts have gotta stop.

Tihocan9
18-02-09, 17:15
I don't see how this procrastination is ever going to help. I mean all we are going to have to pay our debts some day, going more into debt is just avoiding the inevitable. All he is doing is dumping all of his problems on future presidents and future generations to pay off, but sadly America will probably be in debt for the rest of eternity.

irjudd
18-02-09, 17:17
Stop wasting money on annoying commercials!

Mad Tony
18-02-09, 17:18
I don't see how this procrastination is ever going to help. I mean all we are going to have to pay our debts some day, going more into debt is just avoiding the inevitable. All he is doing is dumping all of his problems on future presidents and future generations to pay off, but sadly America will probably be in debt for the rest of eternity.I agree. The thing is, it's not like these bailouts are helping the economy in the short term anyway.

Tihocan9
18-02-09, 17:23
I agree. The thing is, it's not like these bailouts are helping the economy in the short term anyway.

Your right, the only way our economy will bounce back is if regular people are confident in what they can buy again. People need to be able to go out and buy something nice without worrying if they will loose their house or their job. So restore buyer confidence and I believe that is the stimulus we need, not bailout.

Mad Tony
18-02-09, 17:24
The media need to stop exaggerating and making things worse, too. Whenever jobs are being cut it always makes front page news. However, whenever jobs are created you hardly ever hear about it.

irjudd
18-02-09, 17:26
The media need to stop exaggerating and making things worse, too. Whenever jobs are being cut it always makes front page news. However, whenever jobs are created you hardly ever hear about it.
It's because humans love to look on vicariously at the misfortune of others.

SamReeves
18-02-09, 17:28
The media need to stop exaggerating and making things worse, too. Whenever jobs are being cut it always makes front page news. However, whenever jobs are created you hardly ever hear about it.

How else do you perpetuate a socialist agenda? Create fear and central control of your lives. Exactly what's happening ATM in Washington.

amiro1989
18-02-09, 17:54
:) That's all I can think to say.

Let's create an alcohol game with the word "Socialist", I'm sure half of the board is going to be drunk by the end of it's reading.

Pathetic.

Mona Sax
18-02-09, 19:58
How else do you perpetuate a socialist agenda? Create fear and central control of your lives. Exactly what's happening ATM in Washington.
Thank god the 'war on terror' was rationally motivated! ;)

amiro1989
18-02-09, 20:00
Thank god the 'war on terror' was rationally motivated! ;)

:vlol:

ShadyCroft
18-02-09, 20:24
:confused: am quite losing track with all the news headlines with supposedly solutions in the working.

Flyin11
18-02-09, 20:47
I knew it would happen :rolleyes: I was against giving the money to them in the first place...but we did anyways and I knew they would come back asking for more. Just as previously discussed...We have to be able to feel confident and want to go out and spend without having to worry about losing our jobs, homes, cars, or anything else that we own of huge value to us. The money needs to be spent on creating new jobs...sorry big 3, you had your chance and you failed!! The government told you that they wanted to see results and see you turn it around or else...no more money! Hopefully they will stay true to it!

People need to stop going to the government for bailouts like it's candy. I also knew that would happen once the big 3 got their bailout. Everyone wanted one, putting us more in debt! I even heard the Porn Industry was asking for a bailout!! :rolleyes: (No lie on that)

LaraLuvrrr
18-02-09, 20:54
Screw the dumb car companies! The reason they're bailing them out is to maintain the jobs of the car manufacturers and keep the competition of American cars going... I say let them fail! Let all these big corporations freaking fail and then people with REAL innovation can start new companies... out with the smelly old crap and in with the new environmental friendly innovative designs.

voltz
18-02-09, 21:02
What he said.

I really think this era is more about reshuffling the deck then anything. If companies ain't willing to hold up on their end, it's time to trim the fat and move on.

2kool4u
19-02-09, 00:04
Id say that they have to do it. If they dont so many people will be out of jobs ****ing up our economy even more. Though the two companies should merge.

MadCroy101
19-02-09, 00:05
These bailouts have gotta stop.

You definatly said it

MattTR
19-02-09, 00:10
Well, all I can say is thank goodness I have a Nissan. :D

Mad Tony
19-02-09, 00:11
Id say that they have to do it. If they dont so many people will be out of jobs ****ing up our economy even more. Though the two companies should merge.But all it does is make the economy even worse.

interstellardave
19-02-09, 01:39
I've said it for 20 years... the entire system will have to collapse before things get better. The runaway train is heading down a dead-end line of track, just as it has been for a long time. The difference is that now you can easily imagine that you're close enough to see the end of those tracks.

Ward Dragon
19-02-09, 05:02
Ah, the inevitable pleas for more money :rolleyes: We never should have bailed them out in the first place. They're just asking for as much money as they can possibly get without any proof that it would actually help the economy or even their own companies for that matter. I heard the heads of the car companies begging for money at the last bailout and they couldn't even answer the question when they were asked why they needed the money. They made a lot of bad decisions and they will continue to do so for as long as we keep them on life support. They need to straighten out their business practices or fail and get out of the way for new companies to emerge. But unfortunately it seems that the government would rather dump billions of tax payer dollars into effectively buying these companies and nationalizing them.

I've said it for 20 years... the entire system will have to collapse before things get better. The runaway train is heading down a dead-end line of track, just as it has been for a long time. The difference is that now you can easily imagine that you're close enough to see the end of those tracks.

I don't want to believe that, but it's looking more and more true lately.