Comments on: Don’t Bail Out Crappy Carmakers http://www.fitsnews.com/2008/12/04/dont-bail-out-crappy-carmakers/ Unfair ... Imbalanced Thu, 11 Mar 2010 15:16:21 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Rice-Ready? :: FITSNews http://www.fitsnews.com/2008/12/04/dont-bail-out-crappy-carmakers/comment-page-1/#comment-43483 Rice-Ready? :: FITSNews Wed, 10 Dec 2008 15:15:12 +0000 http://www.fitsnews.com/?p=9886#comment-43483 [...] dealership in Hardeeville, is running radio ads telling South Carolina consumers to buy his sucky American cars because … wait for it … they don’t smell like Japanese [...] [...] dealership in Hardeeville, is running radio ads telling South Carolina consumers to buy his sucky American cars because … wait for it … they don’t smell like Japanese [...]

]]> By: Draven http://www.fitsnews.com/2008/12/04/dont-bail-out-crappy-carmakers/comment-page-1/#comment-43203 Draven Sat, 06 Dec 2008 02:18:20 +0000 http://www.fitsnews.com/?p=9886#comment-43203 I repeat: So much hyperbole, so little understanding. I repeat: So much hyperbole, so little understanding.

]]> By: We dont have the money for a bailout http://www.fitsnews.com/2008/12/04/dont-bail-out-crappy-carmakers/comment-page-1/#comment-43160 We dont have the money for a bailout Fri, 05 Dec 2008 19:41:11 +0000 http://www.fitsnews.com/?p=9886#comment-43160 Where is this money coming from to bail them out? We do not have it -we are broke- the largest debtor nation in history. Over 60% of the people in the USA do not support this bailout- but that does not matter . There will no shortage of cars to buy if they all 3 go under. I saw one interesting idea that Congress could do - go out and buy all the big 3 inventory on the lots today and give it away to the poor people- the unemployed- it will be less than the 34 billion and we would actually have purchased something with our billions . It is not brilliant - but a helluva lot smarter than flushing the money down the toilet with a bailout that will only last the losers a few more months. What Cpongress wants to do is the Russian model from a few years back- similar to what Venezuela has done- they called it nationalizing their industry - we call it bailouts. What a crying shame watching Bush and friends in a few short years turn our once great country into a socialist state. Where is this money coming from to bail them out?
We do not have it -we are broke- the largest debtor nation in history.
Over 60% of the people in the USA do not support this bailout- but that does not matter .
There will no shortage of cars to buy if they all 3 go under.

I saw one interesting idea that Congress could do – go out and buy all the big 3 inventory on the lots today and give it away to the poor people- the unemployed- it will be less than the 34 billion and we would actually have purchased something with our billions . It is not brilliant – but a helluva lot smarter than flushing the money down the toilet with a bailout that will only last the losers a few more months.

What Cpongress wants to do is the Russian model from a few years back- similar to what Venezuela has done- they called it nationalizing their industry – we call it bailouts.

What a crying shame watching Bush and friends in a few short years turn our once great country into a socialist state.

]]> By: Clapping Fetus http://www.fitsnews.com/2008/12/04/dont-bail-out-crappy-carmakers/comment-page-1/#comment-43133 Clapping Fetus Fri, 05 Dec 2008 14:16:15 +0000 http://www.fitsnews.com/?p=9886#comment-43133 What do you think the odds are that the big three will close plants and lay off workers if they get this bailout? I'd say something in the order of 100%. What do you think the odds are that the big three will close plants and lay off workers if they get this bailout? I’d say something in the order of 100%.

]]> By: Joe Blow http://www.fitsnews.com/2008/12/04/dont-bail-out-crappy-carmakers/comment-page-1/#comment-43131 Joe Blow Fri, 05 Dec 2008 13:47:08 +0000 http://www.fitsnews.com/?p=9886#comment-43131 From plants to parks. From dealerships to driveways. From gas stations to grocery stores. What happens in the automotive industry affects each and every one of us. In fact, the collapse of the U.S.-based auto industry wouldn't just impact the nearly 355,000 Americans directly employed by the Big Three. One out of every 10 people in America is employed in a service that is related to the U.S. auto industry. If a plant closes, so does its suppliers, the local stores, the hot dog vendors, and the local restaurants. The effect would be devastating in ways of which you never have thought: Nearly 3 million jobs would be lost in the first year alone – with another 2.5 million to follow over the next two years Personal income in the United States would drop by more than $150.7 billion in the first year The cost to local, state, and federal governments could reach $156.4 billion over three years in lost taxes, and unemployment and health care assistance Domestic automobile production would more than likely fall to zero – even by international producers, due to supplier bankruptcies From plants to parks. From dealerships to driveways. From gas stations to grocery stores. What happens in the automotive industry affects each and every one of us. In fact, the collapse of the U.S.-based auto industry wouldn’t just impact the nearly 355,000 Americans directly employed by the Big Three. One out of every 10 people in America is employed in a service that is related to the U.S. auto industry. If a plant closes, so does its suppliers, the local stores, the hot dog vendors, and the local restaurants.

The effect would be devastating in ways of which you never have thought:

Nearly 3 million jobs would be lost in the first year alone – with another 2.5 million to follow over the next two years

Personal income in the United States would drop by more than $150.7 billion in the first year

The cost to local, state, and federal governments could reach $156.4 billion over three years in lost taxes, and unemployment and health care assistance
Domestic automobile production would more than likely fall to zero – even by international producers, due to supplier bankruptcies

]]> By: Joe Blow http://www.fitsnews.com/2008/12/04/dont-bail-out-crappy-carmakers/comment-page-1/#comment-43130 Joe Blow Fri, 05 Dec 2008 13:45:39 +0000 http://www.fitsnews.com/?p=9886#comment-43130 IT IS A LOAN.. NOT A BAILOUT..... IT IS A LOAN.. NOT A BAILOUT…..

]]> By: Scared of the System http://www.fitsnews.com/2008/12/04/dont-bail-out-crappy-carmakers/comment-page-1/#comment-43105 Scared of the System Fri, 05 Dec 2008 01:17:58 +0000 http://www.fitsnews.com/?p=9886#comment-43105 I agree, and I know that banner ad changes, but does Chevy know they are advertising on top of an article slamming them? I agree, and I know that banner ad changes, but does Chevy know they are advertising on top of an article slamming them?

]]> By: Draven http://www.fitsnews.com/2008/12/04/dont-bail-out-crappy-carmakers/comment-page-1/#comment-43094 Draven Thu, 04 Dec 2008 23:15:12 +0000 http://www.fitsnews.com/?p=9886#comment-43094 So much hyperbole, so little understanding. So much hyperbole, so little understanding.

]]> By: Don Johnson http://www.fitsnews.com/2008/12/04/dont-bail-out-crappy-carmakers/comment-page-1/#comment-43085 Don Johnson Thu, 04 Dec 2008 20:28:41 +0000 http://www.fitsnews.com/?p=9886#comment-43085 The Big Three are suffering for fleecing the American people. For several years, they built their company on loaning people 100% of the cost of a car PLUS the $5K to get out of being underwater on their trade-in. So you took a loan for $35K on a $30K car that was worth $18K when you left the lot. That's unethical at best, and it should be criminal. They brought it upon themselves. Bye-bye GM. The Big Three are suffering for fleecing the American people. For several years, they built their company on loaning people 100% of the cost of a car PLUS the $5K to get out of being underwater on their trade-in. So you took a loan for $35K on a $30K car that was worth $18K when you left the lot.

That’s unethical at best, and it should be criminal. They brought it upon themselves. Bye-bye GM.

]]> By: Delbert http://www.fitsnews.com/2008/12/04/dont-bail-out-crappy-carmakers/comment-page-1/#comment-43084 Delbert Thu, 04 Dec 2008 20:13:53 +0000 http://www.fitsnews.com/?p=9886#comment-43084 What about the hundreds of millions in incentives we provided to get each of those companies in the states? What about the hundreds of millions in incentives we provided to get each of those companies in the states?

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