The Democrat Convention 2012

[Accountable]

Why do you think that only GM and Chrysler had problems and Ford didn't? What about Toyota or Honda of America?
All of those companies had comparable compensation packages but the others did fine.

Go look at the real reasons GM failed.

It's hard to survive in a cut throat business when you aren't selling what the consumer wants. Their business model and company leadership is what drove them into the grave.

Yup. So when the Republocrats saw that their corporate sponsors were going under, did they:

A. Give tons of taxpayer dollars divided evenly among the middle-class workers so that they could pay their mortgages?

or

B. Give tons of taxpayer dollars to the corporations in the hopes that some of the money would trickle down do the employees?
​

Take your time. It's not a final.

 

[Alien Allen]

Why do you think that only GM and Chrysler had problems and Ford didn't? What about Toyota or Honda of America?
All of those companies had comparable compensation packages but the others did fine.

Go look at the real reasons GM failed.

It's hard to survive in a cut throat business when you aren't selling what the consumer wants. Their business model and company leadership is what drove them into the grave.

you are wrong about the labor costs with the foreign companies. There was a large difference.

and since you asked the question... I would like you to you tell me why Ford did not need a bailout. Then I will respond..

 

[The Man]

you are wrong about the labor costs with the foreign companies. There was a large difference.

and since you asked the question... I would like you to you tell me why Ford did not need a bailout. Then I will respond..

I know that one but want to hear it from Tim as well
Something else of interest..UAW now owns about 65 percent of Chrysler as part of the arm twisting.
So Tim why should the union essentially have ownership of Chrysler ?..I mean they are just a third party that took up for the employees right?
One thing for sure wages will be going down lol how ironic...but wait new hires wages are already down..to competition level for factory work..some union hey tim.
We bankrupt your company..take ownership then pay the employees what you guys were going to pay them all along
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and again


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:24:

 

[The Man]

The union has now determined the old wages were to high.

Fucking hypocrites



:24:

 

[Alien Allen]

Yup. So when the Republocrats saw that their corporate sponsors were going under, did they:

A. Give tons of taxpayer dollars divided evenly among the middle-class workers so that they could pay their mortgages?

or

B. Give tons of taxpayer dollars to the corporations in the hopes that some of the money would trickle down do the employees?
​

Take your time. It's not a final.

I always wondered what would have happened if all the stimulus money had gone to the people to get their mortgages out of water.

It still would have been anti capitalist to have that kind of a bailout though

As a side note I think the writing is on the wall as far as the problems we are in if you go to the bank and they brag about a 10 year CD at a friggin 1.4%

 

[Accountable]

I always wondered what would have happened if all the stimulus money had gone to the people to get their mortgages out of water.

It still would have been anti capitalist to have that kind of a bailout though

Agreed, but at least it would have been in line with what the dems claim to be their principles, rather than hypocritically doing exactly what they criticized the repubs for doing.

 

[Alien Allen]

By the way I am not trying to come off as the known it all expert on the auto industry problems. Just that as I have said before if you live in the Detroit area anything about the auto industry is front page news. I suspect we hear much more about it and it is more front and center than in most other areas.

Tim I hope you did not do any research before answering my question. I seriously am curious as to why you think Ford avoided needing a bailout.

 

[Minor Axis]

Isn't, hasn't the auto industry always been considered one of the cornerstone industries that the country could not afford to go belly up? Hasn't most of the money been repaid? This chart shows that just for the auto companies, a little over half has been paid. So you guys think this bailout was generally an aweful deal?


source link

 

[Alien Allen]

I was for the bailout because I live where letting the companies fail would have been worse than the depression. It went against every core belief I had but the govt was refusing to consider another loan. Obama strong armed them and also strong armed and screwed creditors. That is not an opinion but a documented fact. It was called a bankruptcy but the bankruptcy laws were in fact shit on with creditors being ignored as never in the past in any bankruptcy that I am aware of.

As to the money being paid back it is smoke and mirrors. Most every report I have seen indicated tens of billions will never be repaid. And to make matters worse the stock is now selling lower than when it went on the market.

IMO it was initially a govt takeover. There is no other way to call how the govt forced the bankruptcy and then controlled the bankruptcy proceedings. For example name me another example where the govt was so involved in a bankruptcy to the point they forced a CEO that had done nothing illegal or unethical to resign?? Note: Don't come back with incompetence is a qualifier as if that is the case damn near every person in DC would have their asses handed to them and out of a job.

It appears that after enough time passed that the govt have kept their hands off thankfully.

 

[Alien Allen]

as to the question of any business being too big to let fail that is the problem. MI should have diversified back in the 60's when it was evident what downturns in the auto industry would result in for the state. The same applies to the banking industry as far as the country. You are destined for failure when you try to have a quasi capitalistic country. The one thing the govt should perhaps do which they have failed miserably at and continue to do so it to not allow businesses to get too big to fail. We are a Walmart nation where small businesses are replaced by mega businesses. The last of the small businesses will probably end up being just the party stores. Maybe they are being taken over for a reason by mid easterners. If all else fails control the booze and drive us into insanity to defeat us