please let them fail, part 2

[UNDR8D]

Yes. But don't forget, you do not have to accept unionization or the terms. This is why Wal-Mart works so hard to prevent a mass unionization. They would be fukked.

I am a die-hard capitalist and Darwinian business man. I say if they are failing, let them fail, despite any and all consequences. The result will be a leaner more competitive nation. A world without unprofitable businesses, especially of this scale, is always a better world than with.

And anyway, it is not entirely the unions' fault. GM has been mismanaged for years. Amidst faltering and unstable times, they continue to try to patch their mistakes with more new models, wider platform sharing, more variants on current models. Redesigns of old models. You can't expand your scope of operations when you already can't maintain your current.

Why isn't Ford heavily implicated in these talks? They do own some profitable brands. Also, the basic formula for their top selling vehicles has changed very little in 30 years. Crown Vic, Ranger, F-Series, until recently the Taurus...have all stayed the same. Ford has extremely low operating costs in comparison to GM.

 

[Briansol]

ford is doing poorly as well, but no where near on the level gm is

 

[UNDR8D]

And it seems like they are restraining themselves more or less while GM continues to try to rescue themselves through worthless ventures.

Oh, and I like Phyre's housing idea...

 

[cheese9988]

 

[cressidakiller]

canada felt left out of bailing out our car companies
http://www.allpar.com/news/index.php/2008/11/canada-might-consider-aid-for-automakers/

("15,000 parts all bought from the lowest bidder", as Jeremy Clarkson (bbc top gear) once said)

 

[phyregod]

China is following suit, "injecting" their economy with large sums of cash.

 

[hunter4life]

bandwagon? quit trying so hard for post #101. surely in posting 100 times you've seen some of my earlier rants against socialism and obama. i've been against liberal econ policies for years, obama is the poster boy for those policies. he recently appointed the MI gov, jennifer granholm to his econ advisory team, scary, since MI is doing really poorly, unless she is the example for how not to do it. looks like an auto bailout is more likely now. hey john podesta on board w/ O, more clintonian change.
many think fdr lengthened the depression.
compared to us, liberal econ policies give europe less job growth, higher unemp rate, lower gdp, lower standard of living, less new technology creation all while we have a much more active military, give more to others, and beat them at the olympics. europe sucks. most of our ancestors are from there, mine included.
usually i'm against bailouts: airlines, banks.
maybe we should see what the auto companies will do left to their own devices. also there was talk of loans, not handouts. for the chrysler loan govt had first dibs and it was leveraged against chrysler assets. prob not fair to the banks/companies w/ existing loans but the govt does what they want.
i feel the US govt has let down US car companies. jpn used to 'adjust' their currency to bring their car prices down about 3g$, iacocca writes on that. (currency manipulation, act of war)

maybe it'd be better to let US auto get hurt, maybe the unions would dissolve or the plants would go to 'right to work/non-union' states. these companies are long overdue for an adjustment. i believe the market will right itself. and thinking back to a previous post of mine, chrysler did used to make space/military stuff but now other companies do so theres no 'natl defense' issue there.

speaking of US screwing its own companies for some senator to get some election $, in Rising Sun, crichton wrote on jpn lobbying US to screw us on tech patents, tho mainly electronics. like to sell in jpn the US companies would lose patent after 5 yrs. some say: US innovates, jpn makes better. but US has already paid for the R&D, so that puts them at a disadvantage.

It's a joke...jeez

 

[cheese9988]

 

[reckedracing]

Nov. 12 (Bloomberg) -- House Speaker Nancy Pelosi's plan to aid troubled U.S. automakers threatens to spark a final clash with President George W. Bush before he leaves the White House in January.
Pelosi said yesterday she wants ``immediate action'' to give automakers additional assistance as shares of General Motors Corp. hit their lowest level since 1943 and analysts said the company faces possible bankruptcy. Bush hasn't said he would approve any further aid to those companies. Richard Shelby, the Senate Banking Committee's top Republican, opposes the measure.

 

[UNDR8D]

Wooooooohoooooooo!

 

[Matts96HB]

Capita..socia.. what the fucka?

 

[99sidude]

Now the democrats are talking government ownership of the US auto industry:

Democrats urge federal stake in big auto companies - Yahoo! News

First the government owns the banks
Then they take over the nation's largest industry
They want to run the health care system

Where are we headed people?

 

[phyregod]

Circuit city crashed. Bankrupt.

Now the democrats are talking government ownership of the US auto industry:

Where are we headed people?

Mil spec hummers and jeeps FTMFW!!

 

[CRX-YEM]

Circuit city has been on the verge of bankruptcy for almost a year now.

 

[cheese9988]

Circuit city has had problems since day one. I wouldn't be surprised if RadioShack filed for bankruptcy either, they havn't been doing so hot in the past 5 years.

 

[BrutalB83]

Circuit city has been on the verge of bankruptcy for almost a year now.

Circuit city has had problems since day one.

The level of corporate mismanagement at Circuit City is re-fucking-diculous. They've been doing poorly for a long time now, and teetering on the verge of bankruptcy for a year now, yet somehow they thought it would be a good idea to open a bunch of new stores. There's a brand new store that just opened two months ago here where I live that's shutting down in two weeks.

Hey, I'm not complaining though. I got two brand new Xbox 360 games for 20% off...

 

[UNDR8D]

Circuit city has had problems since day one.

Circuit City posted more than 25 years of earnings growth and was featured in the book Good to Great. They were very strong and very healthy for many years.

 

[Briansol]

the backlash is crazy today. both gm and chrysler whipped up complete websites TODAY.

Chrysler Portal Page

GM Facts and Fiction

 

[Drake]

the backlash is crazy today. both gm and chrysler whipped up complete websites TODAY.

Chrysler Portal Page

GM Facts and Fiction

Its really to bad they do not act so quickly when there respective companies make horrible choices year after year. We are just flat out screwed

 

[George777]

Looks like Best Buy is doing pretty bad, too. Cut their budgets/profit estimates dramatically for next year...