BAILOUT THE AMERICAN AUTO INDUSTRY – THE BLOG REPORT
Posted by admin | Posted in News | Posted on 07-10-2008
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www.zennie62.com — If a American Auto Industry is authorised to collapse, a US will remove 7.8 million jobs, an mercantile stroke of $349 billion and, enlarge an already tall stagnation rate by an additional 6 percent. We can’t let which happen.
I take it you’re spiritual, and have a heart…which is good. I have nothing against that. The free market is the poor man’s best friend and only hope. Unfortunately however without some pain, there no gain. That is the extent of the crisis we’ve dug ourselves into. I wish there was such a thing as a ‘painless’ unwinding of this bubble. But unfortunately, deleveraging involves pain. I for one would rather take the short term pain now, and provide a better future to you, myself, and our children
dude are you like 13? you need to grow up and read the bible
I purposely bought a Toytota and made sure the salesman was oriental. The orientals never lie and never need a bailout.
According to Reuters, sources say that GM (NYSE: GM) will likely file for bankruptcy some time after midnight tonight and before June 1
zennie you seem like a smart guy but your economics is completely off. I used to think like you until I opened my eyes to Austrian economics. These guys are the only people to whom the current crisis came as no surprise. It is true economics and scientific. The auto industry has to fail. The economy has to collapse. This is the only way out. GOvernment policy will only prolong the pain. We have been through too many excesses over the past few years and market forces are now trying to cleanse us.
mentioning europe and comparing “what are they doing better” is just asking for a shitstorm… you get idiotic kindergarten answers like “they are socialist and they are actualy doing everything wrong”
you’ve probably already seen it on some news… “obama is turning america into sweden” like it would be a bad idea.
the truth of the matter is other western countries are doing things much better than the states but all you hear from the US media is pro-america propaganda
Great comment. I was reading through all of these posts and starting to wonder if their were any Americans left that cared about anybody but theirselves. You’ve given me a glimmer of hope. It’s a small glimmer though since getting Americans to stick together anymore on anything is as likely to happen as me winning the lotto.
She lost the election, and you’re losing your Job…you both need to get over it and suck it up.
You would have thought we had learned our lesson with loans after the mortgage crisis.
People who can not pay back loans should not be loaned money. Does ANYONE honestly think the car companies will pay back “loans”? Does anyone honestly think they will ever be in a position to do so? I don’t….no one else with a brain does…so how can we GIVE them money knowing it will never be paid back and knowing they will just ask for more? Time to cut our losses and move on.
So you propose we save the car companies just because they provide jobs, even though they make crappy, overpriced cars… Typical Liberal gibberish.
First, you have to get the unions out of the car companies and allow the companies to lower wages to a FAIR value, and lower the prices of the cars to make them competititve. Then you have to make sure the cars are worthy of purchase.
When the toilet fills up with crap, eventually you have to flush the turds down the drain.
I have seen this guy somewhere with flowers and soap, funny that
oh yeah…I own two Dodges and one GM…I guess that makes me anti-union too, huh? And unlike a vast majority of posters here, I work in the auto industry and live in southeast Michigan.
In 1924, Alfred P. Sloan, CEO of General Motors invented planned obsolescence for the sole reason of increasing stockholder profits. This meant that consumers bought cars, they broke down easily and were replaced when GM sold you another newer car with parts made specifically to break in your hands and make you think it was your fault.
That’s planned obsolescence.
GM cares about putting their hands in your wallet as often as they can and now they want a bail out? Screw GM like they screwed US.
wanting new friends
this video was good jq
I am not an American.
My friend, if you are a American. Just the fact that you are here on this subject… If you don’t know who Gerald Celente is , you are doing yourself a disfavor. All Americans need to listen for 3 min… right here on You Tube… We are at the end of what use to be a great country Americans. Please be informed … listen to this on
You Tube…
Gerald Celente warns of the next US Great Depression. PART 1 ..
My friend, if you are a American. Just the fact that you are here on this subject… If you don’t know who Gerald Celente is , you are doing yourself a disfavor. All Americans need to listen for 3 min… right here on You Tube… We are at the end of what use to be a great country Americans. Please be informed … listen to this on
You Tube…
Gerald Celente warns of the next US Great Depression. PART 1 ..
lovin this video!! leave me a comment
i need someone smart to keep me entertained C3
Is this the same service sector that has gone into free fall with banks holding out the begging bowl, or the service sector in the main economy that is shedding jobs ?
We’ve been destorying our manufacturing for years. It has only now finally affected the automakers. Shoes, TVs, even basic steel industries have fallen flat. This isn’t something new and the PROBLEM is not the big 3 but how poor americans are and the REALIZATION of that to the rest of the world. We are in a state of hyper deflation that is being countered by massive inflation from the goverment. IN the end it is a disaster that will run it’s course reguardless of a bailout or not.
I like the way you think, will you run for congress? you have my vote!!!! you are the smartest person i have ever seen on youtube and the bubetube. keep the videos coming
Wow, you’ve got some really advanced, well thought out views there, ogloc61.
WHO cause the credit crash? the people who control n print u r money they print n control the money supply in the us economy n can n do cause booms n ressesions at will to benefir themselfs YET its ok for $700 Billion for the greedy bankers BUT not an industry that produces for the country n its people the bankers caused the economic mess n they got paid $700 billions for it wake up they have fuck up america they care for NO country but their pockets
I believe the source of the problem goes back to mortgages, not the car industry or the bank industry.. ALL INDUSTRIES ARE IN TROUBLE Why? We cant pay our mortgage! It won’t mater if you make a better car, nothing will make someone who broke with bad credit buy a car unless one can trade in their up-side down mortgage for a new car, probably one they can live in… other then that, fat chance! so $25 billion, or whatever it is now will just go down the pockets of CEO’s and outside U.S.
Good quality American autos dont cost that much if they are used. I own an American SUV (used) and I love it! If I can drive one, anyone can. At least I’m not to blame for people losing jobs. And for those who do buy new, but dont make much, there are always Sebrings, Malibus, and Fusions that are every bit as good as a Camry. I’m just telling it like it is.