Bailing out the auto industry where do you stand?

Troll ? why haven't i been banned then? or even warned? Why not Report me and get it over with?

This is just YOU playing victim.


I can (and always do) back up what i say.

 

Excerpt,

Source.

 

no victim here,,im just sayin its not worth the effort to find the posts in assorted forums that i read..
dont believe me,i dont care.. you didnt believe me about september,,it happened anyway..
life goes on no matter what you choose to believe..

 

great article accept that oil is trading at just above 54 dollars a barrel a far cry from 65, and once again your focusing globally and deep sea drilling.. i never said anything about either..

http://online.wsj.com/article/SB122584227042299011.html

 

$54 in London, here in the States $57,


Here's what you said,

All i asked for was a source or link, anything other than " what i understand"

What does it matter deep- sea or not, it's still oil production. And they are still called oil workers, right?

Chevron is hiring 6000 new oil workers a year, not laying off.

 

http://online.wsj.com/article/SB122584227042299011.html

it matters because some people are not willing to leave home for work,it matters because the onshore energy business is a huge part of the economy in many states..
it is having negative effects on the economy and the further the price falls the worse the implications will be..

 

I'd like to see the government step in and take partial control of the automotive sector. Manage them for a bit and give them a different direction instead of handouts. Would be nice to see actual hybrid cars that are better than what's on the marketplace today.

So, I don't want the automotive sector to cave and go under, but I don't want to see millions of dollars in bailouts either.

 

The only thing a bail out will do is prolong the inevitable the big three are not profitable they are dead a bail out will just keep them in a hospital bed for 6 months.
Most of the politicians pushing for the bail out have received contributions from or linked to the big three so they have personal interests in the bail out money and supporting old political friends.

The scare tactics are BS.. the job numbers they are throwing around are warped it is the same thing as the other bail out recipients did “bail us out or the whole economy will die”.

The big three are dead.. They have to pay high union wages for junk cars that can’t compete.

We are going into a depression and the weak companies are going to die and the big three are weak companies.

 

id have to disagree with that. the big 3 are already inefficient enough. having government take them over would be a disaster in my mind..

also, whats wrong with the automotive sector caving in? if you gotta go you gotta go.

 

Car sales were up as insurgents blew up more vehicles.... There isnt much of this going on todays, Wonder if theres connection.. A lot of Gm vehicles in the Middle East. At least more drivable there now.

 

I've never owned an American made car in my life, and only made the mistake of buying a new car once when I was young and stupid. No bailout.

 

The faster that banking and automotive crashes the quicker a new economy can be put together that is competitive globally and offers long term stability and employment. As HHB said, propping up an industry that has proven that it's not viable will only prolong the inevitable and completely strip from what's left of the current scenario jobs that might otherwise survive. There need to be tax revolts NOW

 

Hindsight is 20/20, what they thought would work did work.........for a short while, then it all came crashing down. The big 3 also have to pay for past success and the overhead they pay to former employees in pensions and benefits is massive, something many of it's competitors don't have to worry about on such a massive scale. And it is true, all 3 get their parts and supplies from the same places basically, setting up the perfect chain reaction just waiting to happen.

 

bail them out by giving them R&D grants for developing green cars, make them earn the bailout.

also, make them produce a higher quality product

I own a saturn, never had a problem with the toyota made parts, many of the GM parts are shit.

 

No opinion here, but the wildguy on Mad Money said flatly that unless the bailout of the automakers is done quickly, anyone who has saved money through a 401K plan can kiss those savings goodbye forever.

 

Here's how to bail out detroit: universal healthcare, effective June 1st, 2009.

 

Very true it would save GM alone a minimum of 4.8 Billion. It could be the very best use of bailout funds for the entire economy.

http://www.media.gm.com/manufacturing/handbook/health_care.pdf

As to how it would effect the economy as a whole:

http://www.pnhp.org/facts/single_payer_resources.php

That seems to be a much better bailout strategy than the one we are now investing in the financial sector, and insurance (AIG). And I doubt they would be throwing expensive executive or investor retreats.

 

Didn't they set aside any of their record windfall profits of the last decade for a rainy day? They certainly haven't focussed very much on alternatives to petroleum usage.

You are so hard nosed about the automotive industry, but so apologetic about big oil. A little hard to balance isn't it?

One of the few things giving the average worker a break right now, allowing them to put food on the table and roof over the heads of their family is the lower fuel prices as they end up on the unemployment rolls, or have to take minimum wage jobs to make ends meet.

 

i am not apologetic about the oil industry i never said anything of the sorts..
i said the low oil prices are causing layoffs. that has nothing to do with record profits..

dont put words in my mouth...

 

What happenned to those profits? A farmer has a good year he profits, but he also puts some aside for those years when the crops don't get the highest price, the weather doesn't cooperate.

Never put anything in your mouth, only interpreted what I saw as your take on the situation.