Originally Posted by DGthe3
alright, I have to take my mod hat off for a minute or two.
Just when I was starting to have some faith in the UAW and the US Government, they both pull this. WTF is wrong with these people? All this bull about not wasting tax payers money is a total crock. They have given over 10x what was proposed for GM and Chrysler to AIG alone. It makes me sick. And the UAW. I don't think they realize that 0 benefits are a whole worse than reduced pay. This is all a damm game to these people, everyone -union, gov, corporations, reporters, hell even all us on forums and blogs. But there are millions of jobs on the line, hundreds of billions (trillion+?) of dollars worth of revenue that could be lost. Companies that built the American dream. That built the arsenal of democracy in WWII. That made America the country that it is. They are on the brink of annihilation because of the laws made (or not made) by politicians over the last 30 years, and deals that the unions have forced over the last 70 years, by the automakers that realized they were in trouble 10 years too late, and by consumers who refuse to buy a new Chevy Malibu because they owned an AMC Gremlin in the 80's and it was a POS, and thus every american car today is crap.
But the management at the big 3 is incompetent!
And the sub-prime mortgage lenders were geniuses? Oh wait, they triggered the avalanche.
But it will cost the tax payers too much
Failure of the big three, including ch11 -not to mention ch7, will cost tax payers a hell of a lot more than any loan will. A loan will 'cost' the taxpayers about -$1B, after interest is payed. Compare that to 200B for pension/healthcare, and much more than that in lost income.
They don't buid cars that people want
No, people want the cars they just can't get credit to buy them.
Also, does anyone here have any idea how many congressmen/senators who opposed to this bill have a foreign owned car, engine, or transmission plant in their state? I'm gonna guess the percentage is pretty high but I don't know.
Honestly, this is one of the stupidest things that I've seen in my 23 years on this earth. Based on actions of the last year - mortgages, then credit crunch, now this, and the reaction (or inaction) by the government (both dem and rep), I'd almost say that America deserves to fail as a nation. If so many people can be so stupid, in so many areas, then your nation no longer deserves the power and greatness that it built up over the decades and centuries. Problem is, that would bring down about a half dozen other developed nations, including Canada. And I don't feel like learning Chinese.
I'm done now.
back to being a moderator
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