Well, It looks like the government won't help GM

[toesuf94]

By the way; from what I can determine from my limited time and readership of ALL of the articles, I believe that the Republicans are against government OWNERSHIP of the big 3, which is the language the Dems are using in regards to a bailout. GM is asking for low interest loans, it is NOT asking to be taken over by the U.S. Government. We do not need the SOCIALIZATION of the US Auto industry and have it run by the same people who have brought us the DMV, Social Security, welfare, ACORN, and other failures in the free world.

[RCowan]

Originally Posted by Dragoneye

This is nothing new. The last 25billion that was approved in the CAFE bill? It was tailored for use in re-tooling plants and development for fuel-efficient vehicles. Their intent is to help make 'green' cars that people want now easier to make so they can make a profit off of them as opposed to SUVs.

That's right and its NOT OK for GM to sell-out and allow itsself to be manipulated by government and its NOT OK for the govt to do that. Of course the govt should expect a return on the investment if its handing about our money, but it shouldn't try to force the industry in a certain direction.

Unfortunately there are those in government who see this disaster as another opportunity to get more control...not to "help" GM sell us the cars that "we" want, but to make them make the cars that "they" think we should have. That's not freedom or a free market. As for "making things profitable"...

Things that AREN'T profitable that the government wants people to buy get SUBSIDIES and TAX BREAKS which create a market that shouldn't exist. If someone makes a PROFIT off of something that requires a SUBSIDY, that means that the profit is being paid for by TAX payers. There is no "real profit". In the real-world things that are profitable get TAXED. Things that are profitable that the government doesn't like get TAXED and PENALIZED like cars with Gas Guzzler status. The MARKET should decide what's available and not the government. That way we vote with our dollars and we don't have to ask permission from Papa Gobierno.

[Hylton]

Originally Posted by RCowan

The MARKET should decide what's available and not the government. That way we vote with our dollars and we don't have to ask permission from Papa Gobierno.

So are you saying we should continue to shop at Wally World and Toyota?

[rlg3]

If you take govenrment money you have to take increased government oversight.

They should have ran the business better. Now the government should give the Big 3 the money they need, and the Big 3 should except the oversight and guidance they get.

It is not as if the have shown themselves to be good stewards of their stockholders money. If they were they wouldn't be asking the government for help.

The big 3 have to under go major change. They can not operate as is, it is not working

[The_Blur]

Originally Posted by rlg3

If you take govenrment money you have to take increased government oversight.

They should have ran the business better. Now the government should give the Big 3 the money they need, and the Big 3 should except the oversight and guidance they get.

It is not as if the have shown themselves to be good stewards of their stockholders money. If they were they wouldn't be asking the government for help.

The big 3 have to under go major change. They can not operate as is, it is not working

OPEC oil pricing and a mortgage crisis are completely the fault of GM's management. If GM had only acquired all of America's mortgage companies and lobbied the US government to go to war with OPEC countries with imperialistic ambitions, then GM wouldn't be in trouble right now. GM had to see this coming. I don't know how GM didn't see mortgage failure and oil price manipulation coming.

[Chogan2200]

Originally Posted by babyjulie83

it's probably too early to make any determination about whether the government will help or not.....

yea, just look at how long it took them to help out Katrina victims!

[Hylton]

Originally Posted by The_Blur

OPEC oil pricing and a mortgage crisis are completely the fault of GM's management. If GM had only acquired all of America's mortgage companies and lobbied the US government to go to war with OPEC countries with imperialistic ambitions, then GM wouldn't be in trouble right now. GM had to see this coming. I don't know how GM didn't see mortgage failure and oil price manipulation coming.

Off with their heads!!! (now whose using sarcasm, lol!)

[rlg3]

Originally Posted by The_Blur

OPEC oil pricing and a mortgage crisis are completely the fault of GM's management. If GM had only acquired all of America's mortgage companies and lobbied the US government to go to war with OPEC countries with imperialistic ambitions, then GM wouldn't be in trouble right now. GM had to see this coming. I don't know how GM didn't see mortgage failure and oil price manipulation coming.

Blur, your smart than that. GM and the big three were in trouble way before all of that, their model has been outdated and in trouble for years. Dont blame OPEC thats an easy out. I work for an oil company, and if the oil companies were just passing along cost associated with OPEC we would not be posting record profits. So if you believe that its OPEC's fault how are oil companies post record profits?

The definition of Insanity is doing the same thing an expecting a different result. The big three have to change, they have started, but they have a ways to go.

Your frustrated Blur, we all are and we all want our Camaro, now. But we can't keep our heads in the sand, we have to face this huge problems and your right they are interconnected and they leave little room for your own errors. In the end I want the American economy to be robust and healthy and I want GM to be the same, and last and least I want my Camaro!

[RCowan]

Originally Posted by The_Blur

OPEC oil pricing and a mortgage crisis are completely the fault of GM's management. If GM had only acquired all of America's mortgage companies and lobbied the US government to go to war with OPEC countries with imperialistic ambitions, then GM wouldn't be in trouble right now. GM had to see this coming. I don't know how GM didn't see mortgage failure and oil price manipulation coming.

Hylton, I say keep the free market free and let people buy what they want from whom they want. Level playing field.

[D1BADZ]

Does that mean we get a z-28 in March of 2009? hehehe lighten up people its FRIDAYYYYYYYYYYY

[RealQuickCamaro]

WASHINGTON (CNN) -- Senate Democrats on Friday said they plan to vote on a bill meant to aid struggling automakers despite vocal opposition from Republicans.


General Motors and other U.S. automakers are seeking financial help from Washington.

Senate Majority Leader Harry Reid, D-Nevada, said the Senate would vote next week on the measure during a lame duck session of Congress.

The bill, which was being drafted by Sen. Carl Levin, D-Michigan, would direct the Treasury to provide $25 billion in loans to the automakers from the $700 billion bailout package Congress originally passed to help the troubled financial industry.

A test vote on the bill is scheduled for Wednesday. It is unclear whether the Democratic leadership will have the 60 votes needed to overcome any potential Republican filibusters.

The Democrats will have one less vote in the Senate next week as President-elect Barack Obama plans to resign his Senate seat on Sunday.

[Hylton]

Originally Posted by RCowan

Hylton, I say keep the free market free and let people buy what they want from whom they want. Level playing field.

Don't you think that will put an end to ALL manufacturing that occurs in the US and Canada?

[The_Blur]

Originally Posted by rlg3

Blur, your smart than that. GM and the big three were in trouble way before all of that, their model has been outdated and in trouble for years. Dont blame OPEC thats an easy out. I work for an oil company, and if the oil companies were just passing along cost associated with OPEC we would not be posting record profits. So if you believe that its OPEC's fault how are oil companies post record profits?

The definition of Insanity is doing the same thing an expecting a different result. The big three have to change, they have started, but they have a ways to go.

Your frustrated Blur, we all are and we all want our Camaro, now. But we can't keep our heads in the sand, we have to face this huge problems and your right they are interconnected and they leave little room for your own errors. In the end I want the American economy to be robust and healthy and I want GM to be the same, and last and least I want my Camaro!

This isn't about the Camaro for me. If I'm lucky, I'll be getting a 2012 Camaro. It's about protectionism. I'm furious that Americans don't see that they're being manipulated in the auto market. Every company posts ads about their products. Do they not see that the G8 is better than a 5-series in every category or that the Aveo is actually better than a Fit? Add to that the fact that Japan injects insane amounts of money into Toyota to develop that Prius, a hippie-supported, styleless mistake, while GM has to build the Volt and a line of fuel-efficient hybrid SUVs with its own resources. If America gets anything from this mess, I hope we learn to protect ourselves. There are more ways to invade a country than raising flags and bombing borders. We're looking at a market takeover here. All 3 major American car companies are collapsing. It's not just one bad company. Doesn't that suggest that there's more to the problem than just bad management?

[Supermans]

Originally Posted by toesuf94

By the way; from what I can determine from my limited time and readership of ALL of the articles, I believe that the Republicans are against government OWNERSHIP of the big 3, which is the language the Dems are using in regards to a bailout. GM is asking for low interest loans, it is NOT asking to be taken over by the U.S. Government. We do not need the SOCIALIZATION of the US Auto industry and have it run by the same people who have brought us the DMV, Social Security, welfare, ACORN, and other failures in the free world.

Agreed.. The Dem's are the ones in charge and their language they are using will make it into any bailout plan. What GM is asking for is the same thing that was given to Chrysler, but what the Dem's want is so much more than that..