The Big Three auto makers, Ford, GM, Chrysler : Should they be bailed out. (alternative, country)

sleepy jack · 12-11-2008, 09:48 PM

Where are you hearing that they're just printing brand new money off for the bail out?

kthedrummer · 12-12-2008, 07:53 AM

Quote:

Originally Posted by sleepy jack

Where are you hearing that they're just printing brand new money off for the bail out?

I am pretty sure that this is unconstitutional...I think that is the last thing they would do right now because of the weakness of the U.S. dollar already but you have already stated this I believe...We are going to most likely be seeing deflation anyway over the next couple of years which is good for lower middle class ppl like me but is bad for the country as a whole...the bailout has failed at this point and that may change and they may use some of the 700 billion financial bailout money to help the auto industry...All I know is that the stockmarket is in the ****ter already this morning and I am afraid to even look at my retirement account...Things are really bad for the first time in my life as far as the economy goes...I mean really bad...It is scary when no one seems to have an answer.

sleepy jack · 12-15-2008, 05:41 PM

Quote:

Originally Posted by Wayfarer

just in the last three months, there's been an increase of 636 billion dollars, which is equivalent to the increase of the previous eighteen years. the dollar is going to be destroyed through hyperinflation and it doesn't seem as though the Obama administration will do anything to stop it.

I'd need more than just this one site to verify this because if this were true than there is a huge hole in your suggestion that you're either ignoring or not looking at. If that much money has been printed then why isn't the dollar already mega inflated?

sleepy jack · 12-12-2008, 07:34 PM

This is falling apart in the Senate, figures.

Trauma · 12-15-2008, 01:48 AM

The should be bailed out.
They ****ed up big time but if the supply base for GM has no company to supply, then millions of Americans will lose their jobs.
They should pay the CEOs $1 per annum though, I'm all about that.

Kryptonite · 01-13-2009, 06:46 PM

It's hard for me to have a real opinion on this issue. I work at a bank so all day I hear people talking about the economy. The logical side of me agrees with the "capitalism" argument. This is America and it's not the goverment's place to dictate which company fails and which company is okay to help out. The humanitarian side of me wants everyone to have everything they want or need. I had a customer today who told me that, at his age of 56, this was his first time ever having unemployment. He worked for a tool and die company for 29 years. They went of business this year because GM owes them a couple million dollars that they aren't getting. This hard working man lost his job because of an entire other company.

Inuzuka Skysword · 01-13-2009, 07:14 PM

Quote:

Originally Posted by Kryptonite

It's hard for me to have a real opinion on this issue. I work at a bank so all day I hear people talking about the economy. The logical side of me agrees with the "capitalism" argument. This is America and it's not the goverment's place to dictate which company fails and which company is okay to help out. The humanitarian side of me wants everyone to have everything they want or need. I had a customer today who told me that, at his age of 56, this was his first time ever having unemployment. He worked for a tool and die company for 29 years. They went of business this year because GM owes them a couple million dollars that they aren't getting. This hard working man lost his job because of an entire other company.

He chose the job, did he not?

sleepy jack · 01-13-2009, 10:22 PM

In addition to that, the unemployment rate has been rising (he's definitely not the only one) and the auto industries all had very very very bad business models. It wasn't hard to see this one coming, people don't want diesel trucks anymore they want hybrids.

12-15-2008, 01:48 AM	#5 (permalink)
Trauma snickers Join Date: Mar 2005 Location: detroit Posts: 2,183	The should be bailed out. They ****ed up big time but if the supply base for GM has no company to supply, then millions of Americans will lose their jobs. They should pay the CEOs $1 per annum though, I'm all about that. __________________ A mi no me importa nada Para mi la vida es un sueño

01-13-2009, 06:46 PM	#6 (permalink)
Kryptonite Groupie Join Date: Jan 2009 Posts: 6	It's hard for me to have a real opinion on this issue. I work at a bank so all day I hear people talking about the economy. The logical side of me agrees with the "capitalism" argument. This is America and it's not the goverment's place to dictate which company fails and which company is okay to help out. The humanitarian side of me wants everyone to have everything they want or need. I had a customer today who told me that, at his age of 56, this was his first time ever having unemployment. He worked for a tool and die company for 29 years. They went of business this year because GM owes them a couple million dollars that they aren't getting. This hard working man lost his job because of an entire other company.