The Big 3

[Lycurgus]

Well, well the BIG 3 are out on a spending spree enjoying the Christmas present from the American People, wrapped and delivered by Bush.

However, they drove a hybrid and they are trying to keep the celebration costs down! But, we caught them, nevertheless! And they are looking plump again!

 

[Modbert]

Well, well the BIG 3 are out on a spending spree enjoying the Christmas present from the American People, wrapped and delivered by Bush.

However, they drove a hybrid and they are trying to keep the celebration costs down! But, we caught them, nevertheless! And they are looking plump again!

Note:

7.2 million jobs lost in 3 years
$160 billion in U.S personal income (in 1 year)
$160 billion in Government income ( in 3 years)
Crippled auto industry.

Foreign car makers forced to raise their prices due to the fact the automakers all get their parts from the same supplier. Therefore, if those businesses lose a huge portion of their business then they have to cover the losses by raising the prices of their product. Which translates into higher car prices for all.

This is what happens if the Big 3 fail.

I don't agree with the $700 bailout but I'm glad this bailout got done.

 

[Old Rocks]

Very mixed feelings about the auto bailout. We cannot afford to lose that many jobs right now, tip us into a surefire depression. However, the decisions made by the big 3 have been so moronic that I really hate to do anything that aids the top management of these corperations. From the EV1, to stating no one would buy a good hybrid, these people have been out of touch with reality for several decades.

 

[Modbert]

Very mixed feelings about the auto bailout. We cannot afford to lose that many jobs right now, tip us into a surefire depression. However, the decisions made by the big 3 have been so moronic that I really hate to do anything that aids the top management of these corperations. From the EV1, to stating no one would buy a good hybrid, these people have been out of touch with reality for several decades.

Course they are. All the big corporations have gotten lazy for the last 30-50 years if not longer.

Why? It all comes down to regulation.

Even now, this financial bailout has no real regulation. The form for a bank to get a bailout is two pages, one of which is bank contact information. Hells bells, I had college applications which were longer.

The free market isn't so free anyway. To think we or any country can be purely capitalistic while having freedoms and a fair economy is insane. All countries need some socialist ideas implemented. I'm talking about the actual idea of Socialism on paper, not the rights taken away of the people.

Socialism on paper is better in many ways then Capitalism on paper and even when applied.

 

[Lycurgus]

Very mixed feelings about the auto bailout. We cannot afford to lose that many jobs right now, tip us into a surefire depression. However, the decisions made by the big 3 have been so moronic that I really hate to do anything that aids the top management of these corperations. From the EV1, to stating no one would buy a good hybrid, these people have been out of touch with reality for several decades.

I have mixed feelings as well. My question is, how many times is this to take place. We know and understand that in the spring, more funds most likely will be given, but, what then?

Can all three make it? Can two of the three make it? Would it be better to have one combined effort, bringing the best of each to the table?

I think this issue is going to be a long struggle.

 

[Modbert]

I have mixed feelings as well. My question is, how many times is this to take place. We know and understand that in the spring, more funds most likely will be given, but, what then?

Can all three make it? Can two of the three make it? Would it be better to have one combined effort, bringing the best of each to the table?

I think this issue is going to be a long struggle.

That would be technically socialism but who's counting.

It's going to happen in a Capitalist society about every 15-20 years. Such a downfall like this in the entire economy happen every 70 or so years.

1979 is when Chrysler received a bailout due to the prices of gas made buying cars and driving so unappealing to consumers. Jimmy Carter gave I believe a $1.6 billion bailout or along the lines of that. In 1981, Ronald Reagan helped things for them when he restricted japanese imports.

As I stated in another thread which I can link to if necessary, this country is already in a great depression. Most people are ignoring the signs however.

 

[Old Rocks]

I have mixed feelings as well. My question is, how many times is this to take place. We know and understand that in the spring, more funds most likely will be given, but, what then?

Can all three make it? Can two of the three make it? Would it be better to have one combined effort, bringing the best of each to the table?

I think this issue is going to be a long struggle.

Agreed. Hard to see a correct path. Kind of like a series of choices that only involve bad or worse.