Quote:
Originally Posted by Robbie
Please don't bring uncomfortable and inconvenient facts into this discussion! Don't you know the govt. has to have power over everything? And the only way to do that is by money.
Problem is...nobody can buy a car right now. Doesn't matter what the reason is. They just can't and anybody with any sanity is NOT buying things like cars right now.
And just where does all this "taxpayer money" come from anyway? The car companies are obviously NOT paying their taxes if they are so broke. And with 22,000 people losing their jobs everyday last month...those are all people who aren't gonna be paying taxes either.
Sorry, name call all you want. Tell me I don't "understand" the ramifications on our economy. It doesn't change the fact that these car companies are not profitable. All those jobs ARE going to be lost even if they get the bailout.
That's already been said. It's part of what they have to do to show they can turn a profit.
Remember the big bank bailout a month ago? Well, Bank Of America didn't even WANT any money. But they were forced to take it. The result: They fired 35,000 employees this week.
Do you REALLY think that money from the govt. is going to go towards paying salaries?
HELL NO. They are going to cut, cut, cut until they can make the company have solvency.
So all this: "You don't understand, if they don't get a bailout with OUR money there will be MILLIONS of people unemployed and we're going into a great depression.:
No, YOU don't understand. All of that is going to happen whether we waste our tax money or not. The car companies ARE going to fire a lot of people. Count on it.
edit: And by "YOU" I meant the people who support the bailout because they believe it will save workers jobs. It won't.
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Again I ask so 14 billion for and a chance of success (even as slim of a chance as you think) or nearly twice that in unemployment oh yeah and the what about the people that never recover now we are talking billions more in welfare yeah now that I look at your right fuck'em it makes so much more sense.
btw do you know why GM is low on cash flow right now ????
how soon we forget that they were asked and totally complied by our government after 9/11 to do something to help the country get back to normal and they wrote bad paper on people who shouldn't have gotten loans and the whole 0 % thing and inflated residuals to bring down lease payments that is a large cause to the overflow of used vehicles in the market that are being sold below market value and 30 to 40 % below the expected values based residuals set by those bad loans an leases. Now this will fix itself just like the real estate market will fix itself but it will take time and some assistance from our government for it to happen.