Most of Americans support Federal aid to the Automakers

[TheClassicCarKid]

Exactly!
It's going to be an awesome car, you're right, it would have been great to have it a while ago. But hey, better late than never.

[chevydude26]

yeh and most americans in 1976 voted for jimmy carter...public consensus doesn't mean its right....

[DGthe3]

Originally Posted by garagelogic

I'd rather let any of the big three fail then prop them up and be in the exact same position not too long in the future. Yeah, millions of people would be out of jobs, but maybe that would help people realize that things like healthcare, retirement, etc. are benefits, not entitlements and are simply one of the tools businesses have to entice workers to come to work for them.

Also, who said anything about 'proping them up' its a loan. All money given will be returned, plus interest. And the cost of any loan will be much lower than the cost of losing any one of the big 3.

[Iroczlover]

if you guys want to support this bill go to http://www.congress.org/congressorg/home & email your congress person today!!!!!!!!!!!!!!!!! the vote will happen later this week.

[garagelogic]

Okay, if this loan is such a good deal, then here's my proposition to GM and the Feds.

Make the $25 billion loan to GM, but do it in a way so that the monies used to make the loan are taken directly from GM or its employees over time. I mean, GM says 2.5 million Americans will lose their jobs if GM goes under. The way i see it, each of those 2.5 million people would surely be willing to forego $10,000 each to ensure their employer stays in business and they are able to keep their jobs. $10K seems like very little to lose in the short term compared to how much they would lose if GM goes under, don't you think?

[Iroczlover]

Originally Posted by garagelogic

Okay, if this loan is such a good deal, then here's my proposition to GM and the Feds.

Make the $25 billion loan to GM, but do it in a way so that the monies used to make the loan are taken directly from GM or its employees over time. I mean, GM says 2.5 million Americans will lose their jobs if GM goes under. The way i see it, each of those 2.5 million people would surely be willing to forego $10,000 each to ensure their employer stays in business and they are able to keep their jobs. $10K seems like very little to lose in the short term compared to how much they would lose if GM goes under, don't you think?

More than half those that will lose their jobs most likly dont even make 10k a year.

& then they would all be under unemployeement & looking for a job, you know how much retraining it would cost?

Companies rather keep their doors open then let people go, because it means more people out of jobs, it would put more people in the Welfair system & in the food bank system as well.

Hell right now No one wants to give up a can of green beans right now to the food banks & its the holdiays.

& this loan isnt Just to GM its to all the American Car companies. Fords about ready to go under as well.

[garagelogic]

Originally Posted by Iroczlover

More than half those that will lose their jobs most likly dont even make 10k a year.

Really, so half the workforce makes under $5/hr? Isn't that illegal considering the minimum wage and all?

then they would all be under unemployeement & looking for a job, you know how much retraining it would cost?

For only so long before they would have to find a job. And as far as retraining, that should be on their dime, not taxpayers. Walmart, Burger King, etc. all have excellent benefits and a good training program.

Companies rather keep their doors open then let people go, because it means more people out of jobs, it would put more people in the Welfair system & in the food bank system as well.

Oh well. let the chips fall where they may.

this loan isnt Just to GM its to all the American Car companies. Fords about ready to go under as well.

Yeah, I am aware and have stated it elsewhere. I just use GM because it's so near and dear to so many people on this site. I swear, too many people on here would rather see GM be bailed out so they can get a Camaro then give a crap what it would mean, long term to the American taxpayer, to do so.

[Iroczlover]

Originally Posted by garagelogic

Really, so half the workforce makes under $5/hr? Isn't that illegal considering the minimum wage and all?

You automatically assume that everyone in this country work 40hr a week. which they dont.

I make if I am lucky on a good year 10k & I get paid $11-$13 between my two jobs, (same company I work 5hrs aday but 2hrs on one pay 3hrs on the other)

[FenwickHockey65]

Originally Posted by garagelogic

Yeah, I am aware and have stated it elsewhere. I just use GM because it's so near and dear to so many people on this site. I swear, too many people on here would rather see GM be bailed out so they can get a Camaro then give a crap what it would mean, long term to the American taxpayer, to do so.

I guarantee you that it will cost more to let the automakers fail than to loan them money.

And it's not as if this scenario hasn't happened before. The government gave Chrysler a loan in the 70s. Chrysler put it to good use and came back stronger than ever. They even paid back the loan 7 years before they had to.

[The_Blur]

Originally Posted by garagelogic

Really, so half the workforce makes under $5/hr? Isn't that illegal considering the minimum wage and all?

For only so long before they would have to find a job. And as far as retraining, that should be on their dime, not taxpayers. Walmart, Burger King, etc. all have excellent benefits and a good training program.

Oh well. let the chips fall where they may.

Yeah, I am aware and have stated it elsewhere. I just use GM because it's so near and dear to so many people on this site. I swear, too many people on here would rather see GM be bailed out so they can get a Camaro then give a crap what it would mean, long term to the American taxpayer, to do so.

Not everyone has full-time work. Many employers will only hire so many full-time employees. This funding is sometimes essential when a family needs to pay for a child's college or basic lifestyle. It is feasible to assume that some of GM's employees are part-time workers that make less than the aforementioned amount per year. One income is not always enough.

I wish some of the critics of GM's aid were dependent on the auto industry for employment. You seem completely unaffected by the lives that will be ruined by the loss of their employer and the lack of available work in the foreseeable future. Burger King is not adequate employment for people with families, ambitions, and experience in the auto industry.

We aren't in it just for the Camaro. That's the unifier on this very diverse site, but that isn't why we buy domestic. My parents bought the Subaru I drive because they believed it was the best product for the price at the time. It was a bad decision, and I regret their choice. Now, my mom drives a Dodge Caliber, my sister drives a Chevy Cobalt, and I used to also drive a Cobalt. My dad is still stuck in his Forester until he can afford something better. In any case, Camaro5 members support American companies because we believe in American products. We build these products, pay taxes on these products, and show pride in the heritage of these products. We want GM to continue to succeed because we believe in GM's products, not because we're selfish. GM is greener, has higher quality, and is domestic when compared to imports. Why shouldn't we protect it? It keeps the money in our country, builds quality products, and has green products that are good for the environment.

[garagelogic]

Originally Posted by The_Blur

Not everyone has full-time work. Many employers will only hire so many full-time employees. This funding is sometimes essential when a family needs to pay for a child's college or basic lifestyle. It is feasible to assume that some of GM's employees are part-time workers that make less than the aforementioned amount per year. One income is not always enough.

I wish some of the critics of GM's aid were dependent on the auto industry for employment. You seem completely unaffected by the lives that will be ruined by the loss of their employer and the lack of available work in the foreseeable future. Burger King is not adequate employment for people with families, ambitions, and experience in the auto industry.

We aren't in it just for the Camaro. That's the unifier on this very diverse site, but that isn't why we buy domestic. My parents bought the Subaru I drive because they believed it was the best product for the price at the time. It was a bad decision, and I regret their choice. Now, my mom drives a Dodge Caliber, my sister drives a Chevy Cobalt, and I used to also drive a Cobalt. My dad is still stuck in his Forester until he can afford something better. In any case, Camaro5 members support American companies because we believe in American products. We build these products, pay taxes on these products, and show pride in the heritage of these products. We want GM to continue to succeed because we believe in GM's products, not because we're selfish. GM is greener, has higher quality, and is domestic when compared to imports. Why shouldn't we protect it? It keeps the money in our country, builds quality products, and has green products that are good for the environment.

Preachin' to the choir, dude. I have 4 cars in the garage right now, and all of them are domestics. I, too, would prefer that Ford, GM and Chrysler all survive and continue to make cars.

What I am not willing to do is allow my tax dollars to go to organizations that have done a piss poor job of running their businesses and got themselves into the mess they are in today. Some of you can't see the forrest for the trees. Where do you think all this government money is coming/will come from that is being used to bail out/loan all of these failing businesses? It's going to come in the form of higher taxes on all of us and that rate is never going to decrease. In the long run, it will cost all of us more if we do this bail out for any of the big 3. It is never in the best interest of a country that is based on a capitalist economic system to have the government deciding what businesses will succeed and which will fail. The market will determine that.

Do you think this is the first time in history that an industry that employs a large segment of the population has been in dire straights? Heck no, and in some cases, those businesses failed and hundreds of thousands/millions of people had to seek new lines of work or relocate to areas where their skill sets were in demand. If the big 3 do get this loan, it only delays their demise, it does not prevent it, unless the way these companies are managed is changed.

[Iroczlover]

Originally Posted by garagelogic

Preachin' to the choir, dude. I have 4 cars in the garage right now, and all of them are domestics. I, too, would prefer that Ford, GM and Chrysler all survive and continue to make cars.

What I am not willing to do is allow my tax dollars to go to organizations that have done a piss poor job of running their businesses and got themselves into the mess they are in today. Some of you can;t see the forrest for the trees. Where do you think all this government money is coming/will come from that is being used to bail out/loan all of these failing businesses? It's going to come in the form of higher taxes on all of us and that rate is never going to decrease. In the long run, it will cost all of us more if we do this bail out for any of the big 3.

its not them running the companies in to the ground its also due to the fact that over 60% of americans drive Foreign vehicles.

Yes I understand that the government will most likely raise taxes, but you know what, I rather buy american than foriegn

[garagelogic]

Originally Posted by Iroczlover

its not them running the companies in to the ground its also due to the fact that over 60% of americans drive Foreign vehicles.

Yes I understand that the government will most likely raise taxes, but you know what, I rather buy american than foriegn

They did mismanage the company; why do you think people quit buying their cars and started buying imports?

Im old enough to remember when asian cars were considered crap cars and you would only buy them if you could afford nothing else. Something must have happened over the years to get where we are today, at least in the general public perception of import vs. domestic cars.

[FenwickHockey65]

I'll tell you what happened.

Roger Smith. Quality problems started with him. And they STILL gave him a multi-million dollar retirement bonus.