11-13-2008, 02:04 PM | #1 |
Well, It looks like the government won't help GM
:(
It's on CNN now. Will get a link.
__________________
Debating, either a Corvette or Camaro
|
|
11-13-2008, 02:09 PM | #2 |
General Motors Aficionado
Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008
Location: Florida
Posts: 37,371
|
I don't see anything...
__________________
2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
11-13-2008, 02:12 PM | #3 |
driving! Thanks GM !!!
|
it's probably too early to make any determination about whether the government will help or not.....
__________________
I finally settled on a name for her....."Bonnie"
Everything is better in a Camaro.......puts a smile on my face everyday..... |
11-13-2008, 02:14 PM | #4 |
I used to be Dragoneye...
|
|
11-13-2008, 02:14 PM | #5 |
It was just on, but now the missing caylee story took over. it's weird i dont see anything on cnn's site either
and it really isn't that early... if the government is going to act it's going to be soon rather than later
__________________
Debating, either a Corvette or Camaro
|
|
11-13-2008, 02:15 PM | #6 |
Drives: Black/Black 2SS/RS Join Date: Oct 2008
Location: Dayton, OH
Posts: 733
|
You'd think this would be front page news.
|
11-13-2008, 02:23 PM | #7 |
PowerStroke this Ford boy
Drives: Like Don Garlits "Big Daddy" Join Date: Sep 2008
Location: Richlands/Camp Lejeune NC
Posts: 462
|
I don’t know a whole lot about economics and all the things that pertain to it. What I ASSUME is that if GM were to go out of business it would cost the Feds more money than it would to bail out. Lets think about this for a minute. If GM goes under that is 200K plus people out of work, plus the suppliers, metal, paint, fabric, plastic, glass, and other industries would have to close there doors as well. This could put in upwards of a million people out of work. That being said the root of this whole problem is the housing market. If 1 million people are unemployed that is just more homes that would go into foreclosure. If that happens what's left of the economy would just collapse inside itself. I fear the Govt will have to bail the auto industry out. Hell they would have to pay more in unemployment wages than the bailout would cost
PS Nothing here is factual just how my 26 year old mind see's the world. |
11-13-2008, 02:27 PM | #8 |
Drives: wife's xterra Join Date: Oct 2008
Location: Hawai'i
Posts: 99
|
It's interesting to see which side of the aisle is working to provide relief to the auto companies and who is speaking out against it.
|
11-13-2008, 02:30 PM | #9 | |
Drives: fanboys and ass kissers crazy. Join Date: May 2008
Location: Ottawa, Ontario
Posts: 7,280
|
Quote:
You hit the nail on the head! You're a smart man!
__________________
"BBOMG - More than just a car show.... It's an experience!"
|
|
11-13-2008, 02:33 PM | #10 |
Drives: Soon-to-be 1st Gen Join Date: Nov 2008
Location: Southeast
Posts: 249
|
But, bankruptcy does not necessarily mean that they will go out of business. Perhaps the Feds will do some loan guarantees on the back-end for GM after they have had the chance to reorganize their debt, restructure, and renegotiate contracts. Rather than supporting a company that has "lost its way" so to speak, the Feds would rather support a company with new direction and management...possibly?? You have to remember, that GM's and Ford's problems are here, not abroad. In other countries (i.e., Europe, Latin American, Asia) GM has strong sales. The problem they face is the labor costs here.
|
11-13-2008, 02:34 PM | #11 |
I used to be 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. |
11-13-2008, 02:35 PM | #12 | |
PowerStroke this Ford boy
Drives: Like Don Garlits "Big Daddy" Join Date: Sep 2008
Location: Richlands/Camp Lejeune NC
Posts: 462
|
Quote:
Downright scary |
|
11-13-2008, 02:38 PM | #13 |
They're saying the republicans aren't on board with the idea of bailing out the auto makers...
__________________
Debating, either a Corvette or Camaro
|
|
11-13-2008, 02:40 PM | #14 |
Camaro6 2016-2018
Drives: sometimes Join Date: Mar 2008
Location: Phoenix
Posts: 18,460
|
Yeah and they keep saying if they do give money they want Waggoner to resign.
|
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
** THIS JUST IN!! BLUE Camaro SS to be offered in mid-November 2008!! ** | Tran | 5th Gen Camaro SS LS LT General Discussions | 213 | 11-28-2008 12:07 AM |
Treasury Blocks Merger | The_Blur | General Automotive + Other Cars Discussion | 25 | 11-03-2008 03:01 PM |
Quotes from a Wise Man | Angrybird 12 | Off-topic Discussions | 23 | 08-29-2008 10:20 PM |
Death of the New Z28 Camaro | bigralph | Camaro ZL1 Forum - ZL1 Specific Topics | 137 | 07-15-2008 01:45 AM |