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2008-11-14 Home Front Economy

Chances Dwindle on Bailout Plan for Automakers

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Posted by GolfBravoUSMC 2008-11-14 11:26|| || Front Page|| [11129 views ] Top

#1 There is no reason that taxpayers should fund the compensation schemes, management or labor, the auto companies crafted for themselves. If they cut their comp then they could get private capital.

Posted by DoDo 2008-11-14 12:28|| 2008-11-14 12:28|| Front Page Top

#2 If Bush had put his foot down on defending a real free-market capitalism, instead of going along to get along with Dems. and Rinos, 8 years ago we wouldn't be in this mess now. Or it would at least be the fault of the people that caused it.

Posted by AlanC 2008-11-14 12:41|| 2008-11-14 12:41|| Front Page Top

#3 If we bail out GM, it'll end up as British Leyland without the cute-but-unreliable two-seaters.

Posted by Mike 2008-11-14 13:16|| 2008-11-14 13:16|| Front Page Top

#4 Interesting to think that Obama might push through an open Union ballot scheme just in time to see the biggest unions sink with the auto industry they helped undercut.

Posted by rjschwarz 2008-11-14 13:43|| 2008-11-14 13:43|| Front Page Top

#5 It appears the taxpayers will wind up funding the pension schemes of the Big 3, one way or the other.
One or more of them could go down abruptly. Their suppliers are getting nervous & insisting on earlier payment for their deliveries. When enough auto parts suppliers insist on COD, that automaker will stop operations then & there. This could happen at any moment.

Posted by Anguper Hupomosing9418 2008-11-14 14:29|| 2008-11-14 14:29|| Front Page Top

#6 It is NOT the automakers who are being bailed out. It is the UAW.

Posted by Nimble Spemble 2008-11-14 14:32|| 2008-11-14 14:32|| Front Page Top

#7 Car sales are in steep decline everywhere. European car sales fell 15% last month.

A major restructuring of the car industry everywhere is long overdue. Unfortunately, the outcome will be cars made in China and India.

Posted by phil_b 2008-11-14 17:52|| 2008-11-14 17:52|| Front Page Top

#8 Car sales are in steep decline everywhere.

That sounds like oversupply to me. Let Chrysler, especially, die a slow, painful, agonizing death with maggots crawling over their remains and vultures plucking out what little carrion is left over. Fucking contemptible cocksucker assholes. Mind if I piss on your grave for good measure?

Posted by Raj 2008-11-14 18:44|| 2008-11-14 18:44|| Front Page Top

#9 Raj, correct me if I'm wrong, but I'm getting the feeling you're not exactly a Mopar fan, are you?

Posted by Mike 2008-11-14 19:06|| 2008-11-14 19:06|| Front Page Top

#10 CNBC or CNN > STEPHEN MOORE > opined that one of the BAD THINGS ABOUT THE NEW US$700BILYUHN BAILOUT IS THAT WE DON'T KNOW WHERE EXACTLY THE FIRST/PRIOR US$300BILYUHN BUSH BAILOUT MONIES WENT TO.

IOW > Thusly speaking, the way for the USGovt to properly account for a seemingly "lost" US$300.0Bilyuhn sums-certain original bailout IS TO WILFULLY AND DELIBERATELY LOSE ANUTHER US$700.00BILYUHN AFTER THAT???

**BREAKING NEWS** SCREW THE LOST US1.0TRILYUHN, SUBWAY WANTS TO END HAM-N-TURKEY SANDWICHES ON ITS MENU - EVERBODY PANIC, D *** YOU, EVERYBODY PANIC!

Posted by JosephMendiola 2008-11-14 19:11|| 2008-11-14 19:11|| Front Page Top

#11 Let them go bankrupt. Someone will buy them out of BK and run them. Soros, you meddling officious asshole, here is your chance to step up to the plate. Or you Warren Buffet, wiht your support for taxing the snot out of people so as to pull the latter up after you.

Posted by OldSpook 2008-11-14 19:59|| 2008-11-14 19:59|| Front Page Top

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