GM: company faces a March 31 deadline

[Miamimatt]

Originally Posted by Supermans

First of all, I appreciate your opinion. The current administration would love to take over the car industry so they can dictate "green global warming regulations" directly from the bench. In other words do you really want the Government forcing you to buy cars you don't want? The new administration is planning on taxing carbon dioxide emissions for Pete's sake.. The chemical we exhale and that is food for all plants... As for the nationalization of the banks, printing out money and giving loans to people who can't afford it will lead to massive inflation the likes we have never seen. Do you really think the Government is going to all of a sudden get responsible and fix all the problems when they are the ones that forced Fannie and Freddie to give out 50% of their loans to people who couldn't afford to pay them each month. Heck, one Californian hot dog vendor making 15,000 a year got a loan for a 2.5 million dollar house and is still living in it today...Go figure..

I dont want them to actually do this, but it does piss me off that banks are just hording cash and throwing parties. I think that responsible loans should be given only to those who qualify, but even good and great people arent getting loans so.... As far as driving a green car. No dont want to i like my fast car the kills the enviroment lol jk. i just Love the camaro especially 27 mpgs! I just dont think that the government wants to nationalize GM bc its too much of a pain. I hope and pray that GM continues to thrive besides they are comming out with something like 11 green cars by 2012. Rock on GM and keep making the cars WE want.

[trm0002]

Originally Posted by Miamimatt

i dont understand you people. Obama doesnt want to touch GM. Theres is no money to be made there. second unions supported him big time so he doesnt want to touch this one. Remember Republican run states dont like unions bc unions make business difficult for the owner. Gm has been hurting since as early as 1999 and this is comming from a person who lived in MI up until a year ago and most of my friends and family work there. NEWS flash GM has got a big choice to make and the gov cant help them.

You sir are correct. The choice is Chapter 11 or Chapter 7. That's the choice. They have to void the UAW contract (and do a bunch of other things) to stay afloat. Without major concessions from the UAW, which ain't gonna happen, none of the other cost cutting measures they need to do also won't matter.

[GLBL WMR]

In other news - the sky is blue.

[radz28]

Please keep this from getting more political. Ya'll are talking above my simple mind, but let's keep this related, directly, to Camaro and GM. I understand the discussion and it's effects, and it IS VERY DISCOURAGING, but we can't get into a political debate - please.

Respectfully...

[Silver Streak]

This post and most like these are of no use accept to stir. I am getting sick of hearing your political views here. If you don't like this country LEAVE! IF you do, then be part of the solution and not the problem, and if you think you aren't part of the problem, you should think again. Most of us here would have got the crap smacked out of us for talking this way about our own country and gov by our own damn parents when we we were younger. You want to union bash, then you should bash the whole system. The whole system is what went wrong, many factors many faults! If you are so short sighted that you can not see this, please go somewhere else to post this kinda crap. TY!




Thank you rad!

[BigRigMike]

Originally Posted by Miamimatt

^ I agree
When one bad company goes under, a better stronger one either buys it or takes its place. This is known as capitalism.

The only problem is that when a US company fails it is replaced by a foreign company. If GM collapses completely then Toyota, Hyundai, and Honda will make up the slack.

[Miamimatt]

Originally Posted by BigRigMike

The only problem is that when a US company fails it is replaced by a foreign company. If GM collapses completely then Toyota, Hyundai, and Honda will make up the slack.

OMG a toyota camaro jk. Hey i am going to do my part to help i am going to buy a camaro!!!!

[fastball]

GM stock is trading at $1.90 right now and falling.

CNBC said if GM is not infused with massive cash by the end of the month, various vital company operations will be forced to shut down indefinitely.

[Rodrunner]

Originally Posted by Supermans

First of all, I appreciate your opinion. The current administration would love to take over the car industry so they can dictate "green global warming regulations" directly from the bench. In other words do you really want the Government forcing you to buy cars you don't want? The new administration is planning on taxing carbon dioxide emissions for Pete's sake.. The chemical we exhale and that is food for all plants... As for the nationalization of the banks, printing out money and giving loans to people who can't afford it will lead to massive inflation the likes we have never seen. Do you really think the Government is going to all of a sudden get responsible and fix all the problems when they are the ones that forced Fannie and Freddie to give out 50% of their loans to people who couldn't afford to pay them each month. Heck, one Californian hot dog vendor making 15,000 a year got a loan for a 2.5 million dollar house and is still living in it today...Go figure..

Everything you've said here is exactly what I've been reading, although you have to seek it out, you won't find it in the mainstream media. I believe the administration would give more money to GM, not to nationalize it, but for the sake of keeping the union in control and strong. He's already said he favors the Employee Free Choice Act, which does away with secret balloting. It's not a pretty future coming, but I don't think we'll see our demise next year as the Russian scholar recently said.

[leatherneck]

thats not their only choices. there is no wayyyyyyyyyyyyyy in hell obama and our government will let gm go under --i repeat noooooo wayyyyyyyyyyyyy!!!!!!!!!!!--you guys do understand we are in a recession dont you????-the reason why bank after bank--wall street -stimulus packasge---etc et ect are being bailed out along with freddie mac and fannie may--some of them more that three times.

theres no way obama will let the worlds second largest auto company to go under

its not a case whether GM can become viable --obama doesnt give a crap about GM---but he does care about his job.

after spending trillions of dollars to get the usa back on its feet hes gonna let gm go under??????? into bancruptcy??? i dont think sooo.

all the billions and billions of dollars to try to right this recession would all be for nothing --stocks would tumble again as fear sets in on wall streets 100.000s of jobs gone a domino affect around the world--prolonging the recession may puting the world into a depression all after spendind trillions will refuse to support GM????and give then how ever much they need---again I dont think sooooooooooooooo!!!!!!! again the affect here in the usa and around the world would be devastating to say the least. an i dont dont think obama wants that for his legacy-----and to say devastating maybe too small a word ---this doesnt just effect GM but the auto industry as a whole-plus their suppliers the suppliers suppliers etc etc the domino affect

after givin out trillions in help-to stop the country from falling into a deeper recession and then depression---hes gonna let 15 billion to GM to defeat all the trillions to attempt to bring us out of the reccesion--thats exactly what that would do fear from wall street -- fear from the american people etc--cars need to be sold--banks need to loan-this is what gets us out

[Miamimatt]

Originally Posted by fastball

GM stock is trading at $1.90 right now and falling.

CNBC said if GM is not infused with massive cash by the end of the month, various vital company operations will be forced to shut down indefinitely.

When we get our hands on our camaros that will be a massive cash infusion!!!!!!! Buy a camaro and help save GM.

[Rodrunner]

Originally Posted by Silver Streak

This post and most like these are of no use accept to stir. I am getting sick of hearing your political views here. If you don't like this country LEAVE! IF you do, then be part of the solution and not the problem, and if you think you aren't part of the problem, you should think again. Most of us here would have got the crap smacked out of us for talking this way about our own country and gov by our own damn parents when we we were younger. You want to union bash, then you should bash the whole system. The whole system is what went wrong, many factors many faults! If you are so short sighted that you can not see this, please go somewhere else to post this kinda crap. TY!

Thank you rad!

Sorry, Silver Streak, but we're not part of the problem because we speak out against the system, we're part of the problem if we sit back, keep our mouths shut and just take it. Have you forgotten the Nam era? Sitting back and taking what the bureaucrats dish out has and never will be the true American way. If you don't like what's being said, don't listen.

[GTAHVIT]

The political debate stops NOW!!!

I'm deleting political related posts. If you have a problem with it PM me.

This is not a political forum. This rule is not negotiable. Stay on topic, "GM and it's current situation". you can connect the dots to the federal government but keep political differences out of the conversation completely.

gtahvit

[trm0002]

Originally Posted by leatherneck

thats not their only choices. there is no wayyyyyyyyyyyyyy in hell obama and our government will let gm go under --i repeat noooooo wayyyyyyyyyyyyy!!!!!!!!!!!--you guys do understand we are in a recession dont you????-the reason why bank after bank--wall street -stimulus packasge---etc et ect are being bailed out along withfreddie mac and fannie may--some of them more that three times.

theres no way obama will let the worlds second largest auto compant to go under

its not a case whether GM can become viable --obama does give a crap about GM---but he does care about his job.

after spending trillions of dollars to get the usa back on its feet hes gonna let gm go under??????? into bancruptcy??? i dont think sooo.

all the billions and billions of dollars to try to right this recession would all be for nothing --stocks would tumble again as fear sets in on wall streets 100.000s of jobs gone a domino affect around the world--prolonging the recession may puting the world into a depression all after spendind trillions will refuse to support GM????and give then how ever much they need---again I dont think sooooooooooooooo!!!!!!! again thr affect here in the usa and around the world would be devastating to say the least. an i dont dont think obama wants that for his legacy-----and to say devastating maybe too small a word ---this doesnt just effect GM but the auto industr as a wholr-plus their suppliers the suppliers suppliers etxcetc the domino affect

You act as if CH11 is going to all of a sudden have some domino effect. NEWS FLASH- all the suppliers are in trouble ALREADY. You think because they haven't declared bankruptcy there hasn't been major supplier layoffs? You read the paper?