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Joined: Sep 2008
Posts: 263
newbie
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newbie
Joined: Sep 2008
Posts: 263 |
They have to be allowed to fail. The auto companies in the US have been a failure for a long time and they have to be put out of their misery.
Other car companies like Honda, Toyota and VW will pick up the slack and take over some of the factories in the US and increase their car production here. That is just natural since people will continue to buy cars. It is a necessity for most people. There are a lot of other industries that depend on the big three to buy their products while building their cars. So if you let the big three fail, those other companies will also fail and then, and what do you expect the 25 million or so folks that will be laid off do to pay for their cars, clothes, food and housing? Wait for the government to bail them out too?
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Joined: Sep 2008
Posts: 263
newbie
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newbie
Joined: Sep 2008
Posts: 263 |
NetFlix just sent us:
Who killed the electric car?
We're going to watch it tonight right after NCIS, so I'll have more to say to this topic tomorrow.
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Joined: Nov 2006
Posts: 19,831 Likes: 180
Carpal Tunnel
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Carpal Tunnel
Joined: Nov 2006
Posts: 19,831 Likes: 180 |
If the auto industry would provide us with something like the Japanese Kei Trucks as well as the land yachts it has become famous for perhaps they would deserve some respect. The Mini Trucks have a 660 CC 3 cyl. gas engine and get around 50 mpg they are legal on the streets almost everywhere in the world including Canada, but not here. These trucks are available here but are not allowed on the streets.
Good coffee, good weed, and time on my hands...
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Joined: Dec 2005
Posts: 12,010
Pooh-Bah
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Pooh-Bah
Joined: Dec 2005
Posts: 12,010 |
Ardy, I'd be interested in hearing what you think the other problems are - in addition to poor management. Julia Other problems include ... the credit crisis, which makes it more difficult for buyers to finance a car The recession and unemployment which makes it much less likely for people to consider buying a car at this time. General public panic about the current economic situation which makes people less likely to buy a car even if financing is no problem, even if they have a stable job with no financial problems... a lot of people are in a wait and see mood about making any big expenditure.
"It's not a lie if you believe it." -- George Costanza The whole problem with the world is that fools and fanatics are always so certain of themselves. --Bertrand Russel
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Joined: Jun 2004
Posts: 21,134
Administrator Bionic Scribe
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Administrator Bionic Scribe
Joined: Jun 2004
Posts: 21,134 |
It seems to me that there is a tendency to look for scapegoats and assign blame in the face of a uncertain economic condition. Everyone knows that GM and Chrysler especially did a terrible job of shifting their product mix to more fuel efficient vehicles.
That doesn't answer the issue of whether to provide loans or other assistance to them. A large chunk of our economy rides on the health of the auto industry. For better or worse, I don't think we can afford for them to fail. I also do not trust any of the dire predictions from them or anyone else.
All this hysteria smells phony to me. I just do not believe these thieves on anything, yet I am not willing to let the economy to fall apart.
I do not want any form of welfare, bailout or other financial deal, however, without guaranteed changes to their operations. I know that labor has already made significant concessions to the industry, but they will have to make more. I just want to make sure that the public has a major say in how the industry goes forward.
If the want my money I want to have a say in how they use it.
Life is a banquet -- and most poor suckers are starving to death -- Auntie Mame You are born naked and everything else is drag - RuPaul
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Joined: Jun 2004
Posts: 15,646
Carpal Tunnel
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Carpal Tunnel
Joined: Jun 2004
Posts: 15,646 |
I thought it was a superb documentary, BT. Nice setup, great punch line.
As a nation, we've been laughing ever since. Laughing all the way to the gas pumps.
Steve Give us the wisdom to teach our children to love, to respect and be kind to one another, so that we may grow with peace in mind. (Native American prayer)
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Joined: May 2006
Posts: 10,151 Likes: 54
veteran
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OP
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Joined: May 2006
Posts: 10,151 Likes: 54 |
There are a lot of other industries that depend on the big three to buy their products while building their cars. So if you let the big three fail, those other companies will also fail and then, and what do you expect the 25 million or so folks that will be laid off do to pay for their cars, clothes, food and housing?
Wait for the government to bail them out too? I'm not arguing the point, but is this not true of other major American industries? (wait - are there any left?)
Julia A 45’s quicker than 409 Betty’s cleaning’ house for the very last time Betty’s bein’ bad
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Joined: Jun 2004
Posts: 15,646
Carpal Tunnel
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Carpal Tunnel
Joined: Jun 2004
Posts: 15,646 |
If the Big Three are not bailed out, I am sure it will take them at least as long to lay off all their workers as it takes for our troops to withdraw from Iraq. During that time, the $25 Billion not being spent to bail them out can instead be used as startup money for new, more appropriate industries that can utilize the same skills as those workers already have to make items that are more useful.
Steve Give us the wisdom to teach our children to love, to respect and be kind to one another, so that we may grow with peace in mind. (Native American prayer)
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Joined: Jun 2004
Posts: 21,134
Administrator Bionic Scribe
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Administrator Bionic Scribe
Joined: Jun 2004
Posts: 21,134 |
If the Big Three are not bailed out, I am sure it will take them at least as long to lay off all their workers as it takes for our troops to withdraw from Iraq. During that time, the $25 Billion not being spent to bail them out can instead be used as startup money for new, more appropriate industries that can utilize the same skills as those workers already have to make items that are more useful. Which "new, more appropriate industries" do you have in mind? Any ready to give them jobs now? This year? That is IMO pure fantasy. There are no such new employers. Yes, possibly with enough government money (much more than $25 billion btw) new industries could be started or expanded -- in about 5 years. Do you have some examples that we can look at?
Life is a banquet -- and most poor suckers are starving to death -- Auntie Mame You are born naked and everything else is drag - RuPaul
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Joined: Dec 2005
Posts: 12,010
Pooh-Bah
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Pooh-Bah
Joined: Dec 2005
Posts: 12,010 |
Do you have some examples that we can look at? Industrial workers who have lost their jobs over the past 20 years have typically found their income and benefits dramatically reduced. Walmart an McDonalds are the employers of last resort.
"It's not a lie if you believe it." -- George Costanza The whole problem with the world is that fools and fanatics are always so certain of themselves. --Bertrand Russel
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