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Author Topic: [Poll: 2008.48]: Should the Governments provide monetary assistance to auto ma... Back to Topics
JT

Moderator
Message Posted: Nov 22, 2008 9:01:00 PM

Should the Governments provide monetary assistance to auto manufacturers?
Yes, they're a vital part of our economy
Yes, there are too many jobs at stake
Yes, but as a loan, not a gift
No, they caused it, they can deal with it
No, for other reasons
No Opinion

Post your thoughts about this poll below.
REPLIES (newest first) Post a Reply
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achung53
Veteran Author Orange County

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Message Posted: Nov 17, 2012 7:32:43 AM

Yes, but as a loan, not a gift
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randyt58
Champion Author Atlanta

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Message Posted: Nov 5, 2011 8:38:14 AM

no , they shouldnt get special treatment. if my business is failing, they wont help me
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pcprof
Champion Author Austin

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Message Posted: Nov 4, 2011 6:31:54 PM

No, they caused it, they can deal with it
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googlee
Champion Author Montreal

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Message Posted: Oct 23, 2011 4:55:02 AM

No
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777Aviator
Champion Author St. Louis

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Message Posted: Jun 29, 2011 10:18:58 PM

No way
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777Aviator
Champion Author St. Louis

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Message Posted: Jun 29, 2011 11:54:23 AM

Absolutely not
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777Aviator
Champion Author St. Louis

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Message Posted: Jun 28, 2011 11:55:20 PM

No
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pcprof
Champion Author Austin

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Message Posted: Jun 28, 2011 11:20:15 PM

Absolutely not!
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cardjim
Champion Author Missouri

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Message Posted: Jun 27, 2011 8:34:39 AM

NO
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777Aviator
Champion Author St. Louis

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Message Posted: Jun 27, 2011 8:14:57 AM

n
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LXH18
Champion Author Los Angeles

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Message Posted: Jun 16, 2011 10:13:28 PM

No, they caused it, they can deal with it.
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g747
Champion Author Mobile

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Message Posted: Apr 24, 2011 5:49:09 PM

A Flat NOOOOOOOOOOOO!!!!!!!!.
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wrunner
Champion Author Virginia

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Message Posted: Feb 23, 2011 7:20:37 PM

Yes, they're a vital part of our economy
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g747
Champion Author Mobile

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Message Posted: Jan 15, 2011 6:39:06 PM

Absolutely not!!!!!!!!!!!.No one bails the taxpayer out of our personal debt.
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g747
Champion Author Mobile

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Message Posted: Sep 30, 2010 9:05:52 PM

No,not @ taxpayer's expense because of bad management,& greedy CEO'S.
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SAVEITIL
Champion Author Chicago

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Message Posted: Aug 8, 2010 10:59:32 PM

Yes, but as a loan, not a gift
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dental man
Champion Author San Diego

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Message Posted: Jun 8, 2010 10:49:20 PM

No, they caused it, they can deal with it
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g747
Champion Author Mobile

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Message Posted: Jun 8, 2010 10:33:37 PM

No never again !!!!!!
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BobD2009
Champion Author Long Island

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Message Posted: Jan 18, 2010 10:34:08 PM

Not government should not use tax money for private companies.
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blumonster
Champion Author Milwaukee

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Message Posted: Jun 5, 2009 10:04:04 AM

We will be better off if the C3 ceased their miserable existence. No restructuring, no breathing life into the 3 dead horses, just bury them and move on.

Ford is going to declare bankruptcy by 31 December 2009.
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leveit2clever
Champion Author Cleveland

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Message Posted: Jun 5, 2009 8:14:33 AM

No handouts, bankruptcy and restructuring are what is going to turn those companies around.
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blumonster
Champion Author Milwaukee

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Message Posted: May 12, 2009 5:28:44 PM

GM Shares Tumble To 76-Year Low As Senior Execs Dump Stock

Next in line : Ford.
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dyeh
Champion Author Illinois

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Message Posted: May 12, 2009 5:08:05 PM

thinkaboutit: that's the point. Government Motors and the Big Three are chained by their welfare states (pensions/healthcare/union benefits) and bloated bureaucracy that they can not afford that drives up the costs of building cars comparable to their foreign competitors. As a result, just to be competitive they have to charge similar price for similar quality car, which is enough to make a profit for foreign competitors but not enough for GM to cover costs.

Ultimately the law of the Markets takes over. Trying to fight it is like trying to fight the law of gravity. Argue all you want, but step off that cliff and you, too, will fall as surely as GM will go bankrupt. Because it already is.
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thinkaboutit
Champion Author Colorado

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Message Posted: May 11, 2009 8:31:27 PM

If the banks don't lend them money they are a substandard credit risk. Money should then be given as a gift or not at all, somebody who is not credit worthy should not be extended more credit.

Unlike some individuals on this site who blame a specific issue (the UAW, the management, the model policy, the business policy, etc.), thereby revealing that they don't care, I am afraid the painful time has come to allow the natural economic way takes it course. It isn't pretty, but it is even more expensive to assist, and thereafter still have to cover some consequences of a failure.

The real issue: Too many automobiles are produced and sold at a price that don't cover cost. But what do you do when your market share is already declining?
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blumonster
Champion Author Milwaukee

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Message Posted: May 11, 2009 6:08:18 AM

It turns out the tons of money taxpayer shoveled to the direction of GM and Chrysler has been a gift after all, not a loan as liars lied and the sheep readily believed.
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MnSwede
Champion Author Twin Cities

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Message Posted: May 10, 2009 12:50:50 PM

Yes, but as a loan with a structured repayment schedule, not a gift.
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blumonster
Champion Author Milwaukee

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Message Posted: May 10, 2009 11:23:35 AM

Experts say GM bankruptcy almost inevitable

Chrysler, GM now and Ford next year. Hopefully.
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dyeh
Champion Author Illinois

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Message Posted: May 8, 2009 10:32:47 PM

So... we bail out GM, and it goes bankrupt anyway, taking down our grandkids' grandkids future with them.

So rather than letting the old grand company who in old age has withered under their mini-welfare state creating less and less competitive cars die, we the taxpayers are now official owners of the new Government Motors. Yes, the US Government is now officially in the business of producing cars.

Yugo, anyone?
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ried
Sophomore Author Ventura

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Message Posted: Apr 17, 2009 3:25:34 PM

May Be
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blumonster
Champion Author Milwaukee

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Message Posted: Apr 7, 2009 2:33:56 PM

I fully agree with you there Dyeh. I hope the reality turns out to be less harsh on people...

Karcat, they have already bailed them out but it did not work.It just acted as an aspirin, it did not even solve the headache which is caused by a tumor.

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karcat
Rookie Author Ontario

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Message Posted: Apr 7, 2009 11:22:51 AM

As Far As Gm Goes , Dont Bail Them Out , They Have Never Had a Decent Car Yet ,And Have Screwed The Public Time & Time Again , I Have A Gm & I Cant Get Parts For It , So Let Them Go Under Who Cares .. Maybe All Those
Cars They Have That Are Sitting On Lots , They Should Give Them Away As
By The Time You Pay To Repair Them & The Cost For Parts , You Have Payed
For Those Cars Anyways ..

[Edited by: karcat at 4/7/2009 2:25:53 PM EST]
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dyeh
Champion Author Illinois

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Message Posted: Mar 5, 2009 8:46:58 PM

blumonster: the loss in GM and the subsequent corresponding devaluation of the dollar pales in coparison with what is currently being lost just on the bailout of credit swap obligations. All that money goes *poof*.

And even more scary, medicare is already bankrupt, and social security is following close behind. When (not if) either of these behemoth financial black holes realize even a part of their true potential for financial destruction, we're financially dead. Even without other countries dumping our treasuries (the 'nuclear option') when they realize how worthless the dollar has become, the internal manifestations of a worthless dollar are terrifying.
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blumonster
Champion Author Milwaukee

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Message Posted: Mar 5, 2009 12:59:19 PM

DETROIT – General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan.

GM auditors raise the specter of Chapter 11

Shameless politicians promised the GM would pay back the 'loan' (bailout money)... Are they -BOTH Dems and Reps- going to pay it themselves in the form of paycheck garnishments? Who is going to pay?
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dyeh
Champion Author Illinois

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Message Posted: Mar 1, 2009 11:59:30 PM

Ya takes the risk, if it pays off for ya, good for you!

If you fail, well, learn from your mistake and go on.

But you can't have it both ways: if it pays off, you win, but if you fail, you win, because you get to steal taxpayers' money to make it all ok for you.
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bytebug
Champion Author Orange County

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Message Posted: Mar 1, 2009 6:43:26 AM

Let 'em die.
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dyeh
Champion Author Illinois

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Message Posted: Feb 22, 2009 4:51:20 PM

Bravo, radarman! I knew you had _some_ opinion more than just the one-word daily posts you used to post.
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Silverdog1
Champion Author British Columbia

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Message Posted: Feb 22, 2009 11:52:38 AM

They already have it...the government has given it to them...live with it, deal with it, accept it. Be quiet about it. :)
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Local39701
Champion Author Mississippi

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Message Posted: Feb 22, 2009 11:28:27 AM

No -- they caused it -- let them deal with it
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Panama19
Champion Author Louisville

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Message Posted: Feb 22, 2009 6:22:05 AM

No.

"The ultimate result of shielding men from the effects of folly is to fill the world with fools"

- Herbert Spencer
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radarman
Champion Author Florida

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Message Posted: Feb 22, 2009 6:07:09 AM

Absolutely not! Why reward their greed? Blame at least part of this on the greedy auto workers that drove up their hourly wages so high, the company cannot afford to pay them now. And the higher ups are no better. Who is worth the money they get payed? NOBODY! And last. Why pay them anything until they start making better cars. No wonder more and more people are buying "foreign."
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masonco
Champion Author Michigan

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Message Posted: Feb 14, 2009 2:08:25 PM

But the CEO's of the financial industry get free million $ spa weekends, million $ bonuses paid for complements of taxpayers. They even get the rights to fly to those "weekend getaway extravaganzas via private corporate jets.

Yet other businesses that request $ not only have to pay back, but also have to drive a cramped econo car 3000 miles round trip.

YUP it's fair alright.
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blumonster
Champion Author Milwaukee

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Message Posted: Feb 14, 2009 1:21:39 PM

http://news.yahoo.com/s/nm/20090214/ts_nm/us_gm_plan

GM is planning on filing bankruptcy after being bailed out by taxpayers, but prior to the announcement they indicate that they would need more taxpayer money in the form of new bailouts.

We were told by the corrupt politicians in charge that they would pay back the money they got. Will they really do that?
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Dale8994
Rookie Author Nova Scotia

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Message Posted: Feb 10, 2009 6:39:24 AM

Right on 'dyeh'.
Forcing the public to purchase (subsidize) vehicles that they didn't want or couldn't afford in the first place is very wrong.
As you've suggested, we've become an 'entitled' society believing (this is vigorously taught in the N.S. school system) that someone else must always be responsible and fully fund 'our' poor choices.
Further, with outrageously overpaid auto assembly-line workers and millionaire management, it's hard to feel very sad about forcing a 'dose of reality' on the industry. Maybe they'll have to drop a jet or two and settle for a comparable wage to the 'other' everyday workers across Canada.
Why should they (or any other specific group) be singled out for special treatment?
Dale
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dyeh
Champion Author Illinois

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Message Posted: Feb 9, 2009 4:56:41 AM

Bailouts are a slap-in-the-face to the American Ingenuity that we used to be so proud of.

Rather than teach someone to fish, this entitlement mentality that people (and corporations!) have is basically begging to be given fish every day. Not dignified, people.
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rjr54
Champion Author Winnipeg

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Message Posted: Feb 8, 2009 8:36:48 PM

I think they should take the necessary steps to remain in business without government assistance. Yes, factories will close and people will change jobs. But the auto industry will be better for it.
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bytebug
Champion Author Orange County

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Message Posted: Feb 6, 2009 11:47:41 AM

Please let failing businesses fail.
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dyeh
Champion Author Illinois

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Message Posted: Feb 6, 2009 4:39:42 AM

mindylacey:

If the jobs are outdated building cars that we don't buy, wouldn't it be better in the long run if these workers find jobs in work that actually contribute to the economy?

What happened to all the workers in the vinyl record industry when the whole industry went kaput 20 years ago?
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mindylacey
Champion Author Quebec

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Message Posted: Feb 4, 2009 12:32:55 PM

Yes, there are too many jobs at stake both here and in the US
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Silverdog1
Champion Author British Columbia

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Message Posted: Feb 4, 2009 10:59:48 AM

Taking a page from Bytebug...."Report Abuse".
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dyeh
Champion Author Illinois

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Message Posted: Feb 4, 2009 12:31:40 AM

radarman:

When you keep posting your daily inane 'no' posting, several good posts get deleted on the back end. Please stop. I'm asking nicely.
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