Archived

This topic is now archived and is closed to further replies.

Jase

Treasury ready to prevent collapse of automakers

34 posts in this topic

Chapter 11 would allow them to break parasitic union contracts, particularly the "job bank." They're a long way from being profitable, but Chapter 11 is a better alternative to a bailout IYAM.

Share this post


Link to post
Share on other sites

This is bullshit... You can't bailout three of the largest employers in the Country? but you can give AIG 50 billion for what? To give their exec? bonuses, if they dont bail-out GM, Ford, Chrysler you knwo how many people will lose their jobs??? Yeah sure they make a shitty product, but it will put thousands out of work in an already tough time, you dont bail them out, all the chevy lovers lose their parts.. think about, we should bailed out some of them before the banks, i make some stupid financial decisions but i do not seeing me getting help from the government why the fug should take care of them because of their ignorance with money...

Share this post


Link to post
Share on other sites

This is bullsh*t... You can't bailout three of the largest employers in the Country? but you can give AIG 50 billion for what? To give their exec? bonuses, if they dont bail-out GM, Ford, Chrysler you knwo how many people will lose their jobs??? Yeah sure they make a sh*tty product, but it will put thousands out of work in an already tough time, you dont bail them out, all the chevy lovers lose their parts.. think about, we should bailed out some of them before the banks, i make some stupid financial decisions but i do not seeing me getting help from the government why the f*ck should take care of them because of their ignorance with money...

Where do you think the gravy train should make its last stop?

Or should I say, the stolen money train.

Share this post


Link to post
Share on other sites

If we want to bail out anyone and fix the economy the gov't should wipe out all outstanding student loans. That would allow for the group within their 20-30's to buy houses, cars, services...

Enable us.

Share this post


Link to post
Share on other sites

Where do you think the gravy train should make its last stop?

Or should I say, the stolen money train.

to be fair, the Auto Bailout is unlike the financial in that it is a loan. The automakers are required to pay back the money that they are being given. I'm not happy about it, but I understand the value of saving upwards of 3million jobs. The financial bailout is the travesty here.

Share this post


Link to post
Share on other sites

We'll need to know more about these "services" you're referring to.

AMP's

Share this post


Link to post
Share on other sites

to be fair, the Auto Bailout is unlike the financial in that it is a loan. The automakers are required to pay back the money that they are being given. I'm not happy about it, but I understand the value of saving upwards of 3million jobs. The financial bailout is the travesty here.

What happens to this "loan" if the company in question turns around and files for bankruptcy anyway?

Share this post


Link to post
Share on other sites

What happens to this "loan" if the company in question turns around and files for bankruptcy anyway?

of course that's a risk, but once again, there really is no alternative. 3million jobs and 4% of the GDP is an unacceptable loss at this point in time. Add into that the cost of the extra weight put on our social system by those 3 million, we're paying for it one way or another, at least this way there's the possibility of return.

Share this post


Link to post
Share on other sites