Auto Bailout, Money well spent?
 

This is why people are pissed about the auto bail out, for a $50 billion bailout of GM, we got a Chevy volt for $41k, for 184 million we get the $25k Aptera, but they are still waiting for funding.

http://www.foxnews.com/leisure/2010/09/22/aptera-e/
http://aptera.com/

I hope this company can make it, I would love to see what they come up with next

Did the puppet stood any other chance??

They paid it back

God, this guy just never stops bitching does he?

Paid back from what I understand so it was a damn good investment.

Buy Japanese and stop bitching.

None of the bailouts were money well spent, especially with money that did not exist.

The money exists as much as the cash your pocket does... Every single dollar in America is debt. The moment the U.S. takes that dollar, it's a debt. Every dollar used to pay back the debt, is debt paying debt. The bailout money is debt when it's printed, debt when it's given, debt used to pay off debts, and when it's paid back, the debt is never paid off.

If we had no fed deficit today, we would still be in debt. If you paid the national debt off, every dollar used to pay that debt, would simply create more debt.

So it all depends on how you look at it. If we can get an American company to appear strong and knock some international competition back and it benefit any part of our Auto Industry, that could be beneficial.

However, with ALL the bailouts the auto industry in America has had, it's time we let them fail.

they got close to 50 billion and paid back 6.7 billion, so the answer is no they didn't
they got close to 50 billion and paid back 6.7 billion, so the answer is no they didn't
You're about the biggest moron on this board
the whole bailout was a joke and now the US government owns a chunk of a car company
http://reason.com/archives/2010/04/2...ailout-payback

it wouldn't be the first time a US automaker went under, remember Checker, they made all those cabs, those things were like tanks and ran forever
Kaiser made a great car, a head of its time back in the 40's

Do you at least pour milk over the shit MSNBC feeds you?

They paid back PART of the loan with ANOTHER BAILOUT loan. :1orglaugh

Beats being a whinny bitch with nothing to add

:1orglaugh

It uses a modified Government Motors Chevy Tahoe engine.
It is classified as a motorcycle.
Very limited number of miles in 24 hours.

But it was posted on Fox News, so naturally Vendzilla loves it.

Are you ever right?

May be classified as a motorcycle, but you don't have to wear a helmit or get a motorcycle license

Thats on the all electric model, they are going to have a HyBrid version

I learned about this a few years ago, not on Fox News, actually, I found out about it on GFY while I was a moderator

That aptera car looks futuristic. But I don't see people using it. It's just not practical enough. It's like a two-seat sports car without a trunk. It will never reach a critical mass. It's just for fun. Some people will buy one to drive it on the weekend. And the rest of the week, they'll continue to drive their SUVs. The car does not solve any problems. They might as well stop producing it now.

Actually, it has plenty of space in it's trunk.
It's a commutter, I would buy one if I went to work everyday in the city, thats what it's for. They plan on a 4 door version with the hybrid set up. If companies continue to grow for those that want it, then they will continue to improve the tech so that they can grow their consumer base and have, someday, a powerful SUV sized electric vehicle that runs all day in the mountain trails using water turned into Hydrogen and Oxygen with vapors made of water. Backed up with solar panels that works on cloudy days

OH! No "helmit." Well, that makes all the difference. :1orglaugh

Like it even looks like a motorcycle? Exactly whats the difference? Sorry to make you think about it!!!

:1orglaugh:1orglaugh:1orglaugh

"At the finals of the recent Progressive Automotive X-Prize" The Aptera's a "progressive" car eh? Must be that Government Motors engine in it turning it Marxist.

Vehicle prices are fucking ridiculous.

In 1980 my dad at 19 years of age worked road construction and as an equipment operator made $20/hour. That year he bought a brand new fully loaded Chevy Silverado for around $4500.

Flash forward 20 years or so. I'm working railroad construction, doing essentially the exact same thing, for only a couple bucks an hour more, and when I went to go price out pretty much the same truck in 2004, the fucking thing was like $40k...

How does that make any fucking sense? What's a fully loaded Silverado run now? upwards of $40-50k?

why is bailing out a failing business model a good investment? A new company would've been created in it's wake.

The problem with letting a company like gm go under is that hundred of thouands of people would be affected.... pensioners, current workers, satellite companies that feed off GM, bondholders, stockholders and on and on. The plain fact is our politicians do not have the spine to actually work these problems out. Imagine what is going to happen when they tell us there is no more medicare/medicaid, social security because there is no more money. A good first step towards preparing people would be to let GM go under.

see thats where you watching fox assume msnbc is the same thing. Far from it they trash obama and talk about how disappointed they are all the time. When Gibbs was pissed at the left pundits he was talking about them. Now the difference is they bitch about real things the admin is not doing not made up bullshit. Also how come you all dont talk about this when W was spending away getting us into the bullshit wars,unfunded medicare drug program and didnt hear a sound. The new admin doesnt operate in a vacuum.

If they did nothing let it all fail. People really have no idea how fucked we all would of been . These companies and banks didnt operate alone. Then everyone would bitch why did you let it all fail .

also if they pay it back its not a bail out its a loan. I was wrong it will be paid back the end of 2011 I just read.

To a point Tony. Thing is, the problems with GM are till there. They till have huge pension problems, productivity problems and labor problems. They absolutely can not compete with Japan or China manufacturing automobiles. The workers aren't going to take pay cuts, the pensioners want what was promised.

GM is a microcosm of the US.

You cant really survive with a job building cars for $15 a hour. Japan has an advantage they have socialized medicine.They saves alot of costs. No one can compete with china when they pay 30 cents an hour.

Yeah, somewhere in China.

Right now this is only a pipe dream. I have been watching the production of that car for at least the last 5 years. I highly doubt it will ever become a car you can actually buy. Then again, they have been talking about the volt for years also...

Tesla's got a much better shot, if they can produce an affordable sedan, there car is already proven, stars drive them etc. get on into a range where the average american can afford one and they will take off.

the big problem is that the auto and auto financing companies aren't lending $$ to purchase the vehicles and that'll cause the cars to sit on the lots for a while.