:eusa_dance: :biglaugh: unk:
http://www.youtube.com/watch?feature=player_embedded&v=oumzuQPCtlE
I think I want a Chrysler.
http://www.youtube.com/watch?feature=player_embedded&v=oumzuQPCtlE
I think I want a Chrysler.
"Forget the Joneses; I can't keep up with the Simpsons" I know everyone wants the new toys and that's fine if you can pay for it.
Their going to, they have 5 years or more to repay it. And if I remember correctly it was to be paid back in steps. You now can call General Motors, Government MotorsDidn't GM and Chrysler both pay back the bailout money? Seems I read something about that. :confused2:
Their going to, they have 5 years or more to repay it. And if I remember correctly it was to be paid back in steps. You now can call General Motors, Government Motors
I agree that we could not let them fail. The ripple effect would have kill the country. I do not have to be happy about it. I understand the bottom line to any company is their bottom. I think it should be a crime to close a plant and move it to another country just for company to make more profits. There has been a massive amounts of company's moving plants and jobs to other country's for years and we are seeing the effect of that lost now. The lack of manufacturing jobs and wages is hurting.The money that went to the companies in Detroit who kept their companies afloat and are paying back or have paid back the federal investments has been worth the money spent. People who say, "the heck with them!" have no-idea of the ripple effect on the nation's economy if GM and Chryslet were allowed to fail. Ford didn't ask for a bailout, they are doing OK, good for them.
being a supporter of manufacturing prowess in the USA, and fiscal responsibility, whether for individuals, businesses, or governments, I say we need to keep our manufacturing capabilities.
The Gov't got a 60% stake in the 'new' GM shares after bankruptcy and would need to sell it for about $50 per share to break even (share price was $26.70 at today's close). I believe they have sold some at a loss and will probably not recoup all the money spent on the bailout. The Gov't still has about $25 billion outstanding against GM that hasn't been 'paid' back.
Im not sure about the Chrysler bailout, but I would reckon its about at the same where the Gov't will probably take a loss.
When I was looking for a new car I noticed that the GM offerings we were interested in were made in either Mexico or Canada. Bought a Mazda 6 made in Flat Rock MI by union folk.
gubment watering hole
Well at least that's only equal to 1800 millionaires. I listen to Tom Sullivan almost every day, but I missed him today. Would've been best to have let them fail and reorganize or be bought up. Just like a forest full of diseased trees, nature burns them down and they come back healthy. This country will never come back as we know it without manufacturing, but picking winners and losers ain't gonna work. Just look at the class warfare all this has created. One guy (non-union) loses his job, his house, and his retirement savings and then gets taxed through inflation and "quantitve easing" to pay for another guy (union) to keep his job, house, pension, and all the bennies. Gotta build it back from the bottom up, not the other way around. If they would've let GM fail there would have been so many small manufacturers filling orders for parts and small shops doing repairs and an employee for every one of them - all happening naturally in the free market. Remember gubment intervention is what got us into this to begin with.
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