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A $25 Billion Lifeline for GM, Ford, and Chrysler
US News and World Report ^ | 9/24/2008 | Rick Newman

Posted on 09/24/2008 6:58:14 PM PDT by bruinbirdman

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To: ari-freedom

Except for those made in Spring Hill. :D


61 posted on 09/24/2008 7:48:11 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr

Oy vey!

I answered your question, a couple times now:

Your premise ... is false.

That is my answer.


62 posted on 09/24/2008 7:48:58 PM PDT by Cringing Negativism Network (CHEVY VOLT COUNTDOWN: V minus 92 Weeks. Waiting...)
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To: MaxMax

other companies have no problem adapting to these regulations or anything else that’s out there. I’m not for these regulations but there will always be something else to deal with.


63 posted on 09/24/2008 7:49:26 PM PDT by ari-freedom (We never hide from history. We make history!)
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To: MaxMax

there are numerous other problems with the big 3 undiscussed here.

for example, for decades in car mags and in newspaper articles,

people criticized the huge bureaucracies in the auto industry.

welfare for the unions, welfare for management.

no, you don’t know what you’re talking about the auto co’s said.

and they continued to make cars that people didn’t want.

here look at our super concept car! but buy our pos.

i don’t feel sorry for the big 3.

chrysler should not have been bailed out.


64 posted on 09/24/2008 7:51:01 PM PDT by ken21 (people die and you never hear from them again.)
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To: Cringing Negativism Network

The premise is not false. It’s a simple yes or no question, which you have refused to answer on two threads now.

Others on the last thread agreed that it was not false.

It should be a simple answer. Should I buy an inferior/defective good that costs more than the higher quality competition in order to “preserve American industry”? It’s a simple question. You have yet to answer it.


65 posted on 09/24/2008 7:51:21 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr

America is all about capitalism, competition and freedom. Take that away and we’re basically soviets that speak english instead of russian.


66 posted on 09/24/2008 7:55:01 PM PDT by ari-freedom (We never hide from history. We make history!)
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To: ken21

Eh.. I think the Chrysler “Bailout” was actually not a bad idea at the time, as Chrysler was, at the time, a critical defense contractor (they made our main battle tanks).

The other reason the Chrysler bailout wasn’t a bad idea was that Chrysler showed up to ask with a clear business case, clear business plans, and competitive/comparable new product in the pipeline. GM and Ford at this point have none of the above. Chrysler said “We have a plan, we have product, we just need a little time and money to fix our problems.” GM and Ford are saying “Give us money and by doing business as usual we will fix our problems.”

Also, don’t forget that Chrysler was required to divest themselves of all but their core car business as part of the terms of the bailout. GM and Ford 1) don’t make any critical defense industry product, and 2) don’t have any non-core businesses left to sell.


67 posted on 09/24/2008 7:55:02 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: ken21

I agree it the unions that are breaking the big three even though they obviously agreed to the terms. But paying a labor pool to do nothing is mind boggling as is high dollar pay for relatively unskilled work.
I know as a former union member: “It’s a living wage” and “the Dems supply it most often”.


68 posted on 09/24/2008 7:56:43 PM PDT by mcshot (Bitterly Loving God, Family, and Guns more then ever. And greatly missing President Reagan)
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To: bruinbirdman

So while everyone say look over there the auto makers break one off in you with their own little bailout and the POS in congress don’t even bring it up. My next auto will be an import.


69 posted on 09/24/2008 7:59:40 PM PDT by org.whodat (Republicans should support the SAM Walton business model, and then drill???)
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To: bruinbirdman

Just for the record, I own two Fords and one Dodge, all more than 5 years old and all have been excellent reliable vehicles. I won’t need another vehicle for a good while but when I do I will buy American.


70 posted on 09/24/2008 7:59:53 PM PDT by 38special (I mean come on.)
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To: Spktyr
Should I buy an inferior/defective good that costs more than the higher quality competition in order to “preserve American industry”? It’s a simple question. You have yet to answer it.

I boycott union made products when possible. Even if a product was not union made, it would be difficult to avoid buying an inferior product just because it was American made. If the products were comparable, I would buy the non union American made product.

Where does this nonsense end? If $25B is not enough, will Congress grant them additional loans? Will Congress take direct control of the auto industry? What other industries will ask for a bailout?

71 posted on 09/24/2008 8:01:07 PM PDT by businessprofessor
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To: Spktyr

Whatever. We disagree, on that we can probably agree.

You go ahead and send your money to some worker in Seoul, Tokyo or Guadalajara. Driving down the value of the US dollar in the transaction, in turn driving (up) the price of gas for us in America.

It’s simple math. We spend money as a country, we have less to spend. We become ... poorer.

If the number of dollars that (decreasing) national wealth is divided by, remains constant ... those dollars are each, all worth less. Smaller numerator. Constant denominator. That’s called “division”.

Buying foreign imports, causes that. Now, about the wisdom of bailing out Chrysler. I think that was another poster, but it’s a good topic to consider, as we discuss whether bailing out US auto companies “works”...

My single vote:

I’ve already got my car-purchasing consuming eye, on one of those American plug-in gas/electric hybrid Chrysler Jeep Wranglers (same concept as the Chevy Volt), due to compete with the Chevy Volt not too long from now — which was announced this weekend. :)

Wakarimasuka?


72 posted on 09/24/2008 8:01:23 PM PDT by Cringing Negativism Network (CHEVY VOLT COUNTDOWN: V minus 92 Weeks. Waiting...)
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To: ken21

Sorry, I drive an early 90’s Pontiac economy car that gets me 38 MPG on the highway (seriously), has about 200,000 miles on it, and hasn’t had a serious malfunction. When I have to replace something, which isn’t often, I use the more expensive dealer or American-made aftermarket parts. They last a really long time, and it saves me more work later on.

BTW, I agree with you on the Japanese. They typically make high quality parts, but they aren’t exactly inexpensive either. My point is you should stop bashing American-made products. As a country, we still produce a wide variety of high quality goods. That includes cars.


73 posted on 09/24/2008 8:04:02 PM PDT by CitizenUSA (Voting proudly for GOVERNOR Palin for VP!)
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To: CitizenUSA

“and I assure you the American-made parts are a cut above. “

Not the 2, less than 2 year old Fords that I own.
This May I put a new transmission in one (a Windstar van with less than 70,000 miles on it)$3,500. And a new exhaust system in the other, about $800 as the catalytic converter was damaged.

Should I continue my 30 year loyalty to the Ford brand?


74 posted on 09/24/2008 8:05:23 PM PDT by HereInTheHeartland (Help fight the left's anointed candidate, contribute and work for McCain/Palin..)
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To: Cringing Negativism Network

Looks like another big waste off my tax paying money.


75 posted on 09/24/2008 8:06:08 PM PDT by jocko12
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To: Spktyr
As a Ford Technician I can tell you that Ford is making fine vehicles now.

In fact they are a little too good for my benefit.

76 posted on 09/24/2008 8:08:59 PM PDT by right way right (Do not mistake religion for God.)
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To: Cringing Negativism Network

Set it to music and get a tin cup, a little monkey and an organ.


77 posted on 09/24/2008 8:12:20 PM PDT by org.whodat (Republicans should support the SAM Walton business model, and then drill???)
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To: Spktyr
I do have an Idea that would help me out.

How about you taxpayers give me $25 billion and I loan it to the automakers at say 4% interest for the next 30 years.

78 posted on 09/24/2008 8:13:41 PM PDT by right way right (Do not mistake religion for God.)
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To: ken21
chrysler should not have been bailed out.

I have to agree, but they played into politicians hands and they're still being padded for it. IMO.
Unions should be left to destroy the companies they shake down.
It's a good way to get rid of the corruption.

79 posted on 09/24/2008 8:14:06 PM PDT by MaxMax (I'll welcome death when God calls me. Until then, the fight is on)
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To: businessprofessor
I expect that they'll be changing the GM logo to this if the government takes it over. (If you're a business professor, you might recognize this.)

I expect much the same results as with the original holder of that logo...

80 posted on 09/24/2008 8:14:09 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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