Well, It looks like the government won't help GM - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

StoutFiles · 11-13-2008, 02:42 PM

Quote:

They're saying the republicans aren't on board with the idea of bailing out the auto makers...

Let's hear their plan how the economy will work after GM fails. It will be an amusing story.

nickspohn · 11-13-2008, 02:44 PM

I know. I'm sick of these politicians saying if we bail out them then we need to bail out everyone.

OR, when someone says the auto makers have been making bad decisions. I mean, what the hell is that? It's not GM's fault because people can't afford to get new cars in this shit hole economy. They need to get off their high horses already and do something.

SS One · 11-13-2008, 02:45 PM

If GM goes under, Ford and Chrysler will not be far behind. All three share suppliers to some degree or another. The fall out from this would be somewhere in the neighborhood of 5,000,000 to 6,000,000 jobs lost – VERY BAD NEIGHBORHOOD! This would make the Great Depression look like a tea party and it would take decades for our economy to recover. We as individuals can help the economy as we approach the holiday season by BUYING AMERICAN.

Hylton · 11-13-2008, 02:46 PM

The way I see it is that GM just needs to keep the lights on until Obama get's control of things. With the Democrats controlling the White House, Senate and House of Reps, whatever Obama wants, he will get.

dieseldave24v · 11-13-2008, 02:47 PM

[. We as individuals can help the economy as we approach the holiday season by BUYING AMERICAN.[/QUOTE]

AMEN

dieseldave24v · 11-13-2008, 02:48 PM

Quote:

Originally Posted by Hylton

The way I see it is that GM just needs to keep the lights on until Obama get's control of things. With the Democrats controlling the White House, Senate and House of Reps, whatever Obama wants, he will get.

Some have said that obama wants bush to do the bailout in case it fails to save face....

If I was bush I would do it, whats the worst that could happen his aproval ratings go down..lol

xl1200r · 11-13-2008, 02:49 PM

If GM goes under, it means:

-2.9 million jobs affected
-$100 billion in lost wages/salaried
-$100 billion is lost tax revenue for Washington
-Unemployment hits 10%

I hate to play the polotics game, but the Republicans have some good reasons for not wanting to bail these guys out. Personally, as much of supoprter of pure capitalism as I am, I tend to agree with the Dems that GM (and Ford, Chrysler) need to be kept afloat. The cost to save them is much less than the cost to lose them. And frankly, the mess they're in is in large part due to policies and legislation the government imposed.

GM will survive, whether it be by a government package or by bankruptcy.

a6pk2go · 11-13-2008, 02:53 PM

They will have to do some sort of a bailout because if they don't we go all the way back to 1929 and everyone knows that is about as bad as it gets.

dieseldave24v · 11-13-2008, 02:55 PM

Quote:

Originally Posted by Dragoneye

Good points, dieseldave...just one thing...they did an assessment...of what might happen should GM go under.....and the final number is...............

nearly 3,000,000 jobs in the crapper should something happen. I don't know what about 3,000,000 doesn't click for the goons in washington.

Dragoneye,
do you have the sorce for these figures....not doubting you, but I would love to see that report

*Mr. Wyndham* · 11-13-2008, 02:59 PM

yeah...it's on the site somewhere....I'll edit.

EDIT: Here you go. Independant group:

FINALDetroitThreeContractionImpact_3__001.pdf

RCowan · 11-13-2008, 03:06 PM

If GM goes down, someone else will buy them, its not like all those jobs will disappear. All those resources will be too big a bargain for a foreign automaker to avoid buying up. Survival of the fittest. Camaro could live on under another flag. What I DON'T want is the govt owning a piece of GM and telling them what to build, having an up/down say on new models, etc., sitting on all their board mtgs. Sounds like Russia--"Excellent presentation on the new 6th gen Camaro, Bob, now we just need to beg for the approval of the Government Automotive Minister...." Do you think Nancy Pelosi wants you driving a V8? These are the people who brought you CAFE. They would LOVE to get their dirty hands deeper into the auto industry to make it what THEY want. Consider the consequences of this either way.

kanakattack · 11-13-2008, 03:07 PM

Another thing to think about is even if the auto companies get some financial relief, how many people would be able to qualify and get a loan to purchase a car in this economy. Without the help of banks to free up more of their monies for loans that don't require a credit rating of 700 or over the auto companies would be doomed.

350 HRSS · 11-13-2008, 03:11 PM

Haven't seen anything on CNN or any news yet......let's hope this is NOT the case...

dieseldave24v · 11-13-2008, 03:12 PM

Quote:

Originally Posted by Dragoneye

yeah...it's on the site somewhere....I'll edit.

EDIT: Here you go. Independant group:

Attachment 10834

Thanks

11-13-2008, 02:44 PM	#16
nickspohn Drives: 2002 Camaro Join Date: Oct 2008 Location: Chicago Posts: 119 View My Garage	I know. I'm sick of these politicians saying if we bail out them then we need to bail out everyone. OR, when someone says the auto makers have been making bad decisions. I mean, what the hell is that? It's not GM's fault because people can't afford to get new cars in this shit hole economy. They need to get off their high horses already and do something. __________________ Debating, either a Corvette or Camaro

11-13-2008, 02:46 PM	#18
Hylton Drives: fanboys and ass kissers crazy. Join Date: May 2008 Location: Ottawa, Ontario Posts: 7,280	The way I see it is that GM just needs to keep the lights on until Obama get's control of things. With the Democrats controlling the White House, Senate and House of Reps, whatever Obama wants, he will get. __________________ "BBOMG - More than just a car show.... It's an experience!"

11-13-2008, 02:59 PM	#24
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,876 View My Garage	yeah...it's on the site somewhere....I'll edit. EDIT: Here you go. Independant group: FINALDetroitThreeContractionImpact_3__001.pdf __________________ *"Keep the faith."* - Fbodfather

11-13-2008, 03:11 PM	#27
350 HRSS GM Toyz Lover Drives: GM Toyz Join Date: Oct 2008 Location: VA Posts: 1,103	Haven't seen anything on CNN or any news yet......let's hope this is NOT the case... __________________ Angela

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11-13-2008, 02:45 PM	#17
SS One Drives: 2010 Camaro 2SS RS Join Date: Oct 2008 Location: Las Vegas, NV Posts: 109	If GM goes under, Ford and Chrysler will not be far behind. All three share suppliers to some degree or another. The fall out from this would be somewhere in the neighborhood of 5,000,000 to 6,000,000 jobs lost – VERY BAD NEIGHBORHOOD! This would make the Great Depression look like a tea party and it would take decades for our economy to recover. We as individuals can help the economy as we approach the holiday season by BUYING AMERICAN.

11-13-2008, 02:47 PM	#19
dieseldave24v PowerStroke this Ford boy Drives: Like Don Garlits "Big Daddy" Join Date: Sep 2008 Location: Richlands/Camp Lejeune NC Posts: 462	[. We as individuals can help the economy as we approach the holiday season by BUYING AMERICAN.[/QUOTE] AMEN

11-13-2008, 02:49 PM	#21
xl1200r Drives: 2006 Cobalt SS/SC Join Date: Oct 2008 Location: Cohoes, NY Posts: 109	If GM goes under, it means: -2.9 million jobs affected -$100 billion in lost wages/salaried -$100 billion is lost tax revenue for Washington -Unemployment hits 10% I hate to play the polotics game, but the Republicans have some good reasons for not wanting to bail these guys out. Personally, as much of supoprter of pure capitalism as I am, I tend to agree with the Dems that GM (and Ford, Chrysler) need to be kept afloat. The cost to save them is much less than the cost to lose them. And frankly, the mess they're in is in large part due to policies and legislation the government imposed. GM will survive, whether it be by a government package or by bankruptcy.

11-13-2008, 02:53 PM	#22
a6pk2go Drives: ... Join Date: Oct 2008 Location: ... Posts: 1,721	They will have to do some sort of a bailout because if they don't we go all the way back to 1929 and everyone knows that is about as bad as it gets.

11-13-2008, 03:06 PM	#25
RCowan Drives: 2013 2SS/RS Join Date: May 2008 Location: H-town Posts: 156	If GM goes down, someone else will buy them, its not like all those jobs will disappear. All those resources will be too big a bargain for a foreign automaker to avoid buying up. Survival of the fittest. Camaro could live on under another flag. What I DON'T want is the govt owning a piece of GM and telling them what to build, having an up/down say on new models, etc., sitting on all their board mtgs. Sounds like Russia--"Excellent presentation on the new 6th gen Camaro, Bob, now we just need to beg for the approval of the Government Automotive Minister...." Do you think Nancy Pelosi wants you driving a V8? These are the people who brought you CAFE. They would LOVE to get their dirty hands deeper into the auto industry to make it what THEY want. Consider the consequences of this either way.

11-13-2008, 03:07 PM	#26
kanakattack Drives: wife's xterra Join Date: Oct 2008 Location: Hawai'i Posts: 99	Another thing to think about is even if the auto companies get some financial relief, how many people would be able to qualify and get a loan to purchase a car in this economy. Without the help of banks to free up more of their monies for loans that don't require a credit rating of 700 or over the auto companies would be doomed.