Posted on 12/13/2008 10:08:33 AM PST by BGHater
Just over half of U.S. consumers say they won't buy a car from an auto maker that is in bankruptcy.
A new poll by Rasmussen Reports of consumer found that 51 percent said they would not buy a car from a manufacturer who is in Chapter 11 bankruptcy reorganization.
Thirty-one percent in surveyed said they would be "OK" buying a car from a bankrupt car maker. Another 18 percent weren't sure.
American auto manufacturers are in dire straits with Auburn Hills, Mich.-based Chrysler LLC and Detroit, Mich.-based General Motors Corp. (NYSE: GM) nearing bankruptcy without federal loans and help. Republicans in the U.S. Senate shot down a $14 billion federal bailout plan seeking more pay concessions from the United Auto Workers union.
Some critics of the bailout want the two troubled companies to file for bankruptcy protection so they can reorganize and restructure. Others worry that if they file for bankruptcy, consumers will have little interest in buying their cars and trucks, which would spiral them further down.
Ford Motor Co. (NYSE: F) also is in financial trouble and facing a decrease in sales, but the Dearborn, Mich., car maker is not in the same bankruptcy peril as GM and Chrysler.
“Jeez I can’t understand why...”
Probably the same reason(s) they weren’t buying them before.
wonder how much the union paid for this survey?
Nailed it ! Well done.
Come on people,,,, it took 42 replies before a newbie gets it?
I wonder why? If they sell you a car, it’s yours. They need to ask how many of us will buy a car from a company that gets a bailout though...meaning we pay twice.
“Yeah? So that means half WOULD!”
Which is more than are buying GM/Ford/Chryslers now!!
The government wants to bail out (read: control) the Big 3 unionized automakers. In return, they (and their friends, the big unions) control what type of cars are ultimately made.
The next step is easy: Green, Environmentally Friendly Cars!
The government then makes the "usual" fossil fueled cars from competitors increasingly untenable through a series of mandates, draconian carbon taxes, and driving up the base price of gasoline.
Remember, they "own" the market on Green Cars so they have a dog in this fight. They also own the money printing presses and the power to regulate and make laws so they can do pretty much as they want.
Soon, Americans will only be driving "approved" environmentally-friendly and carbon-neutral vehicles (international and UN environmental mandates, carbon credits, Kyoto Treaties and other global entities will demand these) - for those of us who can still afford a privately owned car.
The rest of us will be economically forced into "public" transportation and "smart growth" clustered housing and employment - which means dense population areas as well. This gives an increasingly omnipotent, socialist government better political and bureaucratic control of our lives and fortunes. After all, the car companies no longer have to produce a profit. All they have to do is produce "approved" cars. Take 'em or leave 'em, at whatever price is charged...
No private car?... no personal freedom to live and work where we choose!
Most individuals will lose freedom of mobility, of course. But, so what? The government and their powerful special interest buddies will own and control that and almost everything else - so who cares what we think or do?
Whadayya think yer gonna do? Do you think we are going to out vote the socialist tribal masses of 100 million newly minted amnestied aliens, er, voters who love the new "fair" American system of their new benevolent masters where "everybody" gets a piece of the pie? Fat chance!
Imagine the entire country as political clones of Chicago, L.A., Filthydelphia, Detroit, etc...
"We can't just keep driving our SUVs, eating whatever we want, keeping our homes at 72 degrees at all times regardless of whether we live in the tundra or the desert, and keep consuming 25 percent of the world's resources with just 4 percent of the world's population, and expect the rest of the world to say you just go ahead. We'll be fine. That's not leadership. That's not going to happen." - Barack Hussein Obama, 2008
Another DUH moment in the US.
Why would you buy one from them now? Or even if they get a ‘bail out’? They are financially unsound and could go bankrupt at any moment.
Bring back STUDEBAKER!
Bring back STUDEBAKER!
Bring back STUDEBAKER!
Bring back STUDEBAKER!
http://www.studebakermuseum.org/
Obama bin Lying voters burned down the factory a long time ago.
There is no debtor financing available for GM or Chrysler. We would be talking about liquidation. Millions of jobs lose all over this country in a time of a very serious recession. Some economist said this could tip us into a depression.
You are no patriot in any form. My one consolation is that you all will be highly disappointed in these ‘American’ countries as they flee back home if the big three go under...unless of course the Southern states continue to use taxpayer money to bribe them, and then raise their prices. Of course since no one will have good jobs anymore, we won’t be able to afford cars anyway. Let the destruction of the middle class continue...but don’t complain when you end up in the cross hairs- as you certainly will -of this anti American worker policy.
You literally make me sick...we in the Mid West will return the favor in 2012. There will be no GOP president for years after you all are finished. Do you all agree with this poster that we need to destroy other Americans because they belong to unions and destroy an American city? Is this what conservatism has become. I promise you my hero Ronald Reagan would be ashamed of all of you who hold this view. This is not conservatism. This is madness.
Structure the "bailout" in the form of tax credits to Americans who purchase American-made cars. Make it significant - give a $2000 tax credit for each of the next 3 years, $1500 for five years, whatever! People would buy American cars again and the money would trickle up from the dealerships. Use the financial systems to help them out not the welfare system. The Big Three can choose to prosper under the new boom sales or they can do business as usual and continue to flounder under the burden of union demands. Bottom line is, Americans would be getting cars for their "bailout money". It sure beats just handing it over for nothing.
Bronx? Do you even own a car?
So you think it’s more patriotic to buy a GM from Australia or a Ford from Mexico than a Hyundai from Alabama, a Toyota from Texas or a Nissan from Mississippi?
At least you probably understand why we still don’t trust Yankees.
The midwest is losing its population and influence.. The key areas are in the southeast and southwest..
Actually Reagan would be ashamed at you.. I remember when numnuts like you complained about Reagan cause he didn’t do a thing about the “Japanese”...
Reagan never took delight in others misery. In fact, Reagan did do something about the Japanese. He forced them to build plants here. This is where some of the older transplants came from. Reagan would understand that industry is important to this country. He always did. As for wishing that American cities are destroyed and American people who you disagree with politically suffer mightily. He would not understand nor agree with you. He was a patriot-you see. No one who wishes ill on other Americans can be considered a patriot. Reagan believed in the ‘shining city on the hill’, that the best days of America were ahead. No, there is no resemblance between true conservatism and what you speak. You don’t speak Reagan.
Really, I guess McCain might disagree with you. There is still enough of us to keep the presidency out of GOP hands. How much influence will be found in the South if everything is in Democratic hands? The GOP is well on its way to becoming a regional party. I don’t like Democratic policies and will probably vote third party. However, GOP in 2012 in Ohio =DOA because my fellow citizens will have no compunction in punishing those who hate them in their view.
There are plenty of cars manufactured here by GM and Ford and Chrysler. GM was forced to manufacture overseas because of the stupid trade agreements...we can’t get our cars in any other way. As for the transplants...on 9-11 as I said before GM sent convoys of SUV’s loaded with supplies from every plant in America. They sent welders, heavy metal guys. These hated union guys-skilled trades went to New York during their vacations (took vacation) in order to help.
The Japanese sent their condolences. Don’t worry after the conduct of your senators we don’t want your trust or anything else you have to offer. We won’t buy your stinking transplant cars.
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