auto industry bailout |
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 Nov 7 2008, 08:44 AM
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#1
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 I'm Jc  Group: Mentor Posts: 13,619 Joined: Jul 2006 Member No: 437,556  |
apparently the auto industry is out to get more federal assistance. i just watched this lady on the news say it's imperative that we save the auto industry and it's detrimental to our national security if we left it fail.
what do you think? is there another bailout for detroit around the corner? should we save the auto industry if it comes to that? what about all those jobs? |
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Nov 7 2008, 08:59 AM
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#2
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 Group: Staff Alumni Posts: 7,020 Joined: May 2008 Member No: 653,768 |
No. There are companies pumping money into the industry as it is for their own personal interests. We don't need to make this a matter of national concern.
For example, bank A has lent x amount of money to Ford, and if Ford goes under, bank A doesn't get that money back. Bank A pumps more money in hoping ford get's it's ass in gear so it can pay back bank A. We don't need to bring in the FED. |
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Dec 13 2008, 10:07 PM
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#3
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 Sing to Me Group: Member Posts: 1,825 Joined: Apr 2004 Member No: 10,808 |
I think it's a little ridiculous that these companies are asking for millions, even billions, of dollars when their top executives and CEOs are multimillionaires.
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Dec 14 2008, 12:45 AM
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#4
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 Senior Member Group: Member Posts: 944 Joined: Jul 2008 Member No: 663,413 |
I dont think they deserve a bailout. I hear they are paying some of their factory employees up to 50 dollars an hour anyway. And if they were to bail them out, they would probably eventually go under anyway in a year or two
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Dec 14 2008, 12:58 AM
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#5
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 Senior Member Group: Administrator Posts: 2,648 Joined: Apr 2008 Member No: 639,265 |
QUOTE(dosomethin888 @ Dec 14 2008, 12:45 AM)  I hear they are paying some of their factory employees up to 50 dollars an hour anyway. They don't make $50 in cash. Not that I agree with the (already failed) auto bailout, but I thought it was important to clarify. |
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Dec 14 2008, 01:50 AM
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#6
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Senior Member Group: Validating Posts: 169 Joined: Oct 2008 Member No: 692,220 |
honestly, i am glad this deal is off.
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Dec 14 2008, 11:28 AM
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#7
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 Has a PhD in horribleness Group: Member Posts: 866 Joined: Sep 2008 Member No: 686,301 |
Maybe if their cars weren't shit they would've sold better.
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Dec 14 2008, 07:39 PM
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#8
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 Senior Member Group: Official Member Posts: 1,938 Joined: Jul 2008 Member No: 667,832 |
It goes alot of way for this
i think we shouldn't give them a loan THAT big yet until we know they are responsible with all of it , cause we all know they will just use the money to pay their debts but it would effect the whole state of michigan and other states, of course, if the businesses closed i live in michigan and the certain area i live a lot of "rich" people from the car companies come up to my town in the summer their money helps our economy a lot and if the cars cease to exist we only have two type of car brands then selling in my town, both that arent the best for the harcore winter conditions alot of the small stores would close too it's literally a giant economy food chain |
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