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[STMO123]

The House of representatives is going to vote next week on whether to give the aforemention companies loans of $25 Billion. Do they think that will really do any good? GM are losing money hand over fist because they produce big gas guzzlers that people dont want to buy, they pay their workers a silly amount of money and, basically, no one can afford to buy new cars just now. Ford and Chrysler are in a similar position.
Unless GM produce a new range out of thin air and tell their workforce to take a massive pay cut   that money will last till next Wednesday.

[Jay w]

personally no i don't think they should be bailed out....

i know that the fallout will be massive job losses and the disbanding of groups etc, but then the fittest survive and the dross gets left by the wayside....

at some point down the road $25bln needs to be repaid, much in the same way £500bln will need to be repaid by the bank, all we are doing is 'offsetting' the debt for someone else to payback.....

now is the time to stand and face the music

[Mr Skrunts]

They should stop spending money on flipping concept cars that they never intend to build, then pass that money on as savings to cars they make, cheaper cars = more sales.  result they wont need bailing out.

[STMO123]

personally no i don't think they should be bailed out....

i know that the fallout will be massive job losses and the disbanding of groups etc, but then the fittest survive and the dross gets left by the wayside....

at some point down the road $25bln needs to be repaid, much in the same way £500bln will need to be repaid by the bank, all we are doing is 'offsetting' the debt for someone else to payback.....

now is the time to stand and face the music

$25 billion will just be the start. Once they have invested that money they will HAVE to keep them afloat to have any chance of a return.

[Jay w]

personally no i don't think they should be bailed out....

i know that the fallout will be massive job losses and the disbanding of groups etc, but then the fittest survive and the dross gets left by the wayside....

at some point down the road $25bln needs to be repaid, much in the same way £500bln will need to be repaid by the bank, all we are doing is 'offsetting' the debt for someone else to payback.....

now is the time to stand and face the music

$25 billion will just be the start. Once they have invested that money they will HAVE to keep them afloat to have any chance of a return.

in which case, definately no.......

let them go under.....

has anyone noticed that when it comes to pumping money into failing economies  it seems to be government who are on their way out who are leading the way, this means that some other administration has then to pick up the pieces.....

this is a bit like ripping all the fittings out of a house before it gets reposessed, leaving it in a real state for the next owners to clean up

[STMO123]

The thing is...................Barack likes the idea, so......

[michael.d.s.]

why should they get bailed out   the self employed owner truck driver doesnt get bailed out because he is struggling with fuel prices , the local grocer doesnt get bailed out because asda and tesco bought all the land and built retail parks and blew him out the water . if anything the govt should give the employees the money to tide them over . bloody corporations think they rule the world , what about the little guy

[STMO123]

why should they get bailed out   the self employed owner truck driver doesnt get bailed out because he is struggling with fuel prices , the local grocer doesnt get bailed out because asda and tesco bought all the land and built retail parks and blew him out the water . if anything the govt should give the employees the money to tide them over . bloody corporations think they rule the world , what about the little guy

It's pure politics. America has to have an auto industry, it's against their human rights not to.
Imagine the shame if their car industry went the same way as ours.

[tunnie]

they won't let it go under, too many people are employed at the companies. It would be a national disaster for the US.

[cem_devecioglu]

why should they get bailed out   the self employed owner truck driver doesnt get bailed out because he is struggling with fuel prices , the local grocer doesnt get bailed out because asda and tesco bought all the land and built retail parks and blew him out the water . if anything the govt should give the employees the money to tide them over . bloody corporations think they rule the world , what about the little guy

yep..you draw the picture clearly..

and theres another macro bigger picture similiar to that..

[Jay w]

they won't let it go under, too many people are employed at the companies. It would be a national disaster for the US.

like the US isnt a big enough fricking disaster anyway.......

let the whole bloody country go to the wall, a lot of the issues we have over here are as a result of things that have gone on over there.....

sorry but sympathy is low on the distribution list currently

[Mr Skrunts]

they won't let it go under, too many people are employed at the companies. It would be a national disaster for the US.

like the US isnt a big enough fricking disaster anyway.......

let the whole bloody country go to the wall, a lot of the issues we have over here are as a result of things that have gone on over there.....

sorry but sympathy is low on the distribution list currently

I agree to a point, but I thibk if our Government had thier house in order I dont think things would be half as bad.

[willyboy]

I have a cple of friends who are employed buy GM in the US (Ex pats) according to them GM have just closed a plant down in Atlanta &  orders are down by 25%  & yup he agrees they pay there employees well with large pensions when they quit/retire  so not looking good there for sure !

[Dusty]

Not really black and white I'am afraid.

If they are bailed out then the taxpayer foots the bill.

If they don't , then many thousands of workers join the unemployment queue......so the taxpayer pays again.

Shades of British Leyland in the late seventies here I think.

[Jay w]

they won't let it go under, too many people are employed at the companies. It would be a national disaster for the US.

like the US isnt a big enough fricking disaster anyway.......

let the whole bloody country go to the wall, a lot of the issues we have over here are as a result of things that have gone on over there.....

sorry but sympathy is low on the distribution list currently

I agree to a point, but I thibk if our Government had thier house in order I dont think things would be half as bad.

point taken, but some of the hair-brained schemes that have got us here have come from the other side of the pond..

our government is so sheep like i swear they would jump off a cliff if 'dubya' told them to........hell i wish he would

Not really black and white I'am afraid.

If they are bailed out then the taxpayer foots the bill.

If they don't , then many thousands of workers join the unemployment queue......so the taxpayer pays again.

Shades of British Leyland in the late seventies here I think

Ok, either way the tax payer gets it in the neck......but heres another possible outcome

GM goes under, becomes fragmented, some elements go under and others are bought out by other companies or management, so not all of it becomes a burden to the tax payer