Big 3 Loan Failed to Pass - Congress voting...Not promising.

[GrnMchin]

^Let's hope

[1_2Many]

Bill Gates could wave his magic wand and fix it all, but he won't.

[GrnMchin]

Originally Posted by 1_2Many

Bill Gates could wave his magic wand and fix it all, but he won't.

[BigTrap1967]

Originally Posted by Tantalizer43

I said it before and I'll say it again, This shit is scary...

Hell YeaI believe there is going to be some very hard times ahead of us.:flag1:

[Kyle2k]

Originally Posted by Hylton

Wait until we see what political games are going to be played when Bush tries to do that.

What are you insinuating? Btw, look at the vote split before you respond.

[Chemical]

Originally Posted by jesserayjames

Do you think they will still build the camaro without the money

Cant make money if you don't sell anything.

[joes3rdcamaro82/91/2010]

I feel like I am staring down the barrel of a loaded gun. I am so worried about my job. I can't imagine sales getting any worse than they have been the last three months, I just cant survive. Never felt this powerless.

[TAG UR IT]

First off, I agree with the "this shit is scary" deal...

Think of the hundreds of thousands of people right now wondering if they should buy those kiddos Christmas presents because they don't know whether or not they will have a job.....or even if they will be able to pay their electric bills. How bout them old retirees that are living from check to check....

I am worried for the people. The sound of GM being able to "get away" from the UAW and everything that has made it so hard for them to become profitable is getting better and better. But, what about the people. The UAW is completely moronic if they think they can put their foot down and demand higher wages and think they are going to make it. I mean...WTF are they thinking?!?

So...here we are...mid December 2008. The Camaro poised to come rolling off the assembly line only two months away and this shit happens (pardon my language...I'm mad). I've said it time and time again. Just come out with my Camaro, GM, and I'll be happy to do my part.

NOW...

Originally Posted by gtahvit

Initially I though they gave Paulson way to much control over that money. But if it means he can cut a check to the big three, Maybe it was worth it. In my opinion I'd rather see that money spent on the big three than banks...

They give him control over the money. He gets pissed because Congress won't help the Big 3. We are all sitting here bitching and moaning about how the money given to the banks was never regulated....and now....this could be a good thing. Paulson comes out and says, "You had your chance to give the Big 3 14 billion to save hundreds of thousands of jobs. YOU FAILED YOUR COUNTRY. And now, I'm going to say 'Merry Christmas' to all the families worried about their futures by giving the Big 3 the original 30 billion our American auto companies asked for. Congress, you can kiss my @ss."

[nester7929]

Maybe we'll get a good warranty deal on our Camaros if nothing else.

What we've been saying about the Camaro applies to GM: Keep the Faith!!!

[Mosher]

Tag.... I agree totally

[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

[Rogue Leader]

This was another case of everyone out for themselves... from the UAW to congressmen, etc. Attached to the bailout were some public transit regulations, and a pay increase for judges, so some congress people opposed it because of those additions. Why were they there in the first place?!?!?!?!

As for the UAW not making salary concessions, its important to remember it was the Union leaders that make that decision, not the man on the line. I'm sure if you went up to people in the factory and gave them a choice, they would definitely take a pay cut over no job at all.

The best part is, if GM goes Ch11, they get to tank the union contract and tell them to go pound sand... That means they will lose their pay anyway and go down to whatever GM offers to pay them. (Assuming GM can survive it).

Smart move... idiots.

[fastfret7]

If I don't get my Camaro because of the UAW, I'll....I'll....I can't say!

[StoutFiles]

The best part is, if GM goes Ch11, they get to tank the union contract and tell them to go pound sand... That means they will lose their pay anyway and go down to whatever GM offers to pay them.

Would their new wages be what they wanted to lower the wages to with the plan...or will their new wages be even lower than that...as a big F### You to the UAW for making them go Chapter 11?