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Old 11-20-2008, 11:59 AM   #43
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I have to support the voting public.

My name is gtahvit, and I approve this merge.
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Old 11-20-2008, 12:01 PM   #44
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Quote:
Originally Posted by camaropete View Post
Scott,

I am very sorry for the position that you and the company are now in. However, your CEO (as well as the other two CEOs) did a HUGE diservice to GM and the auto industry with their words yesterday. The taking corporate jets to the meeting is total noise. CEO need to be able to get to places and I have no problem with them taking the corporate jet. The big problem is what they said when asked if they would give up their healthy salaries as a show of good faith. Saying no was absolutely ridiculous and may have cost them the chance at low-interest loans from the government. Lee Iacocca did it in the 1980s with Chrysler and he was repaid 10-fold. Them not making that show of good faith was a big mistake. In addition to writing to our representatives (which I think is great), we should be writing letters to the CEOs as well. They need to know that they have to put skin in the game.

FWIW, Consider this, your argument should go both ways.

http://www.camaro5.com/forums/showth...503#post196503
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Old 11-20-2008, 12:04 PM   #45
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Quote:
Originally Posted by gtahvit View Post
I have to support the voting public.

My name is gtahvit, and I approve this merge.
Gtahvit, I regret to inform you that you have been subpoenaed to impeachment proceedings regarding your unauthorized merge.
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Old 11-20-2008, 12:08 PM   #46
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Quote:
Originally Posted by The_Blur View Post
Gtahvit, I regret to inform you that you have been subpoenaed to impeachment proceedings regarding your unauthorized merge.
Actually, I merged the threads...and if I'm subpoenaed for impeachment, I'll just pull out the BAN stick and GO TO TOWN!

WHO WANT SOME!
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Old 11-20-2008, 12:10 PM   #47
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Quote:
Originally Posted by TAG UR IT View Post
Actually, I merged the threads...and if I'm subpoenaed for impeachment, I'll just pull out the BAN stick and GO TO TOWN!

WHO WANT SOME!
You have a badge. You have to enforce the subpoena.
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Old 11-20-2008, 12:10 PM   #48
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Mine's kind of long, but here it is, just sent it off!

Dear Mr. Hunter,

I write to you today as a concerned citizen. I spend most of my day listening to people talk about the US Automakers with disdain in their voices because of the bad taste left in their mouths after the bank bailout. Yesterday, the CEO's of Ford, GM, and Chrysler came before congress to plead their case, and the general public consensus appears to be that they failed. While I was not able to watch the coverage of this event myself, I have been hearing people's reactions for the better part of the day yesterday and this morning.

Today, GM's stock has dropped to a low of $1.70 per share. The market still has about a half-day left to go as I write this.

As a citizen, I was angry that we passed the bailout bill on the consensus that "if we don't do something, something even worse will happen"-- and then all the executives we gave money to proceeded to take their annual bonuses and expensive spa retreats anyway. I was angry that so much of my tax money that could have been used to fund schools, for example, was given to the banks to spend on luxuries. I was angry that the people responsible for shady lending in the first place were being rewarded for their malpractice.

But the automakers are different. First of all, they aren't asking for a handout, like the banks. They're asking for a loan, that they intend to pay back with interest. Secondly, there has been some talk about fuel economy requirements being a condition of a loan. I would like to point out to you, Congressman, that Chevrolet currently has more vehicles that get over 30 miles per gallon than any other company, foreign or domestic. They've also recently developed the Volt, a hybrid that's American-made. Even their newest muscle car, the re-born Camaro, is achieving 24 estimated MPG; for a V8 engine. GM is being responsible in marketing this vehicle as well by pushing the V6 engine, which achieves up to 27 MPG, on the general public, and focusing on enthusiasts to buy the V8.

If we allow these companies to go away, I see a ripple effect the likes of which we cannot even fathom in our economy. It's not just the corporations that will go away; it's also the factories, and the dealerships, and the repair shops and the parts suppliers and the economy of the towns supporting these outsources. It's the laid-off workers; millions of them, unable to pay for their mortgages or credit cards, inflating the credit crisis even more. It's the rising flood of foreclosures that already plague our nation that will drive property values down even further and cause even more people to be in trouble.

Lastly, it's the end of a legend, of an America as we know it. When I think of America, I think of the typical baseball, apple pie, hot dogs, etc. But I also think of muscle cars. I think of Chevy. I think of Ford. I think of Chrysler. The heritage of these companies is so ingrained in what we are that their loss would be not only financially and economically devastating, but a sad loss of history, as well.

I am scared, Congressman, that if we do not help these automakers, we are about to make one of the biggest mistakes possible after the string of recent mistakes we've made. I implore you to do the right thing, even if it's not the popular thing, and vote to save the automakers.

Sincerely,

(scotchsride09)
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Old 11-20-2008, 12:13 PM   #49
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As I sit in class right now, I am collecting phone numbers to call for my time on campus. Hopefully, I can get through to one of my elected officials. I hope they listen.

EDIT: I've made my calls. It sounds like Congressman Akin will likely be supporting the $25B loan, especially since he voted for it a month ago. I also contacted Senator Claire McCaskill and asked for her support. She's out of the office right now, but I made sure to leave a message for her. It always helps to start by thanking them for their service.
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Last edited by The_Blur; 11-20-2008 at 01:33 PM. Reason: calls made
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Old 11-20-2008, 02:07 PM   #50
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I respect the opposition to our letters and postitions by a few of you. And I appreciate not being torn apart internet-style for posting it . However, I wholeheartedly disagree with the "bankruptcy is the key" opinion, and urge you to reconsider.

I've said my piece...I'll be calling my senators, etc...I just hope this goes through. Or we're all going to be looking at a very cold winter, indeed.
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Old 11-20-2008, 02:22 PM   #51
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Originally Posted by TAG UR IT View Post
Actually, I merged the threads...and if I'm subpoenaed for impeachment, I'll just pull out the BAN stick and GO TO TOWN!

WHO WANT SOME!
Tag got my back yo.
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Old 11-20-2008, 02:25 PM   #52
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The bring is on right now on CNN.
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