Automakers $25 billion magically turns into $28 billion

Discussion in 'Economy' started by DavidS, Dec 2, 2008.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Ford is requesting $9 billion
    Chrysler is requesting $7 billion
    GM is requesting $12 billion

    Of course with these bailout requests comes massive downsizing. Tens of thousands of jobs cut, dozens of plants closed and a horrible effect on our economy and unemployment.

    The automakers are requesting $4 billion extra from what they were originally requesting. Chrysler says it needs the money by the end of this month.

    I say it's time to let Chrysler go. How many owners has Chrysler had in the past 20 years? 3. Chrysler Corporation, Daimler-Benz and now Cerberus Investment Firm. Out of all 3, Chrysler's sales were off by the largest percentage. I say it's time to let Chrysler go. We bailed them out 29 years ago and here they are, yet again, asking for a bailout. Time to go.
     
  2. Richard-H
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    Richard-H Gold Member

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    I'd hope that congress learned something from the $700bil bailout and would put strict controls and conditions on this money....but probably not.
     
  3. DavidS
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    DavidS Anti-Tea Party Member

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    According to CNN, GM is also asking for an additional $6 billion in reserve in addition to the $12 billion. So that's $18 billion which brings the total to $34 billion. Anyone else think this number is going to keep rising?
     
  4. BaronVonBigmeat
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    BaronVonBigmeat Senior Member

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    I believe we've bailed out Chrysler twice now, haven't we? So this would be the third time?
     
  5. Paulie
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    Paulie Platinum Member

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    Come on, give em a chance. They all drove to Washington in hybrids, they're showing us they CARE!
     
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  6. editec
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    editec Mr. Forgot-it-All

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    Thirty fourty billion here, thirty fourty billion there, this could add up to real money if we're not careful.
     
  7. cunclusion
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    cunclusion Member

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    First its best just to ask for what you need instead of constantly coming back which i hope that is what they are doing.
    To be honest Chrylser has paid the government back before when getting these types of funding.
    These companies are going to shed jobs is going to happen. They are currently at a great disadvantage even when the economy was good.
     
  8. DavidS
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    DavidS Anti-Tea Party Member

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    You mean like the $7 trillion we've spent in the past few months on this crisis?
     
  9. Paulie
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    Paulie Platinum Member

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    It flew right over your head, didn't it?
     
  10. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Do you still think it's a great idea to bail these automakers out?
     

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