Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bootstrap.php(430) : eval()'d code on line 134

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19
GM to be owned by the U.S.?
Page 1 of 2 12 LastLast
Results 1 to 10 of 19

Thread: GM to be owned by the U.S.?

  1. #1
    Join Date
    Dec 2008
    Location
    Florida
    Posts
    1,120

    Default GM to be owned by the U.S.?

    I just read an article over at Financial times that suggests the new deal on the table involves a majority government stake in the company. They are proposing a debt-for-equity swap.

    So.....we're all automakers now? I always wanted my own car company.

    http://www.ft.com/cms/s/0/a5326d50-3...44feabdc0.html
    "Information spreads at the speed of light, while ignorance is instantaneous at all points in the known universe"

  2. #2
    Join Date
    Jun 2008
    Posts
    516

    Default

    This should be titled GM to be OWED to the US! My understanding is that the US is basically going to help them form a new business model but the important thing is the legacy costs. The US taxpayer will now be on the hook for GM retirees benefits. If GM bankrupts outright those costs could disappear but this way the taxpayer gets stuck with both bills and the union voting block stays intact. Once again we are being 'serviced'. (livestock reference)

  3. #3
    Join Date
    Dec 2008
    Location
    Florida
    Posts
    1,120

    Default

    We are already on the hook. The Pension Benefit Buaranty Corp. will pick up all o fthe retiree pensions and medicaid/medicare will become responsible for the underfunded medical insurance plans.

    Nice huh?
    "Information spreads at the speed of light, while ignorance is instantaneous at all points in the known universe"

  4. #4
    Join Date
    Jun 2008
    Posts
    2,316

    Default

    So we win either way [sarcastic] and we get an American icon. Truly win win.

    As much as I mock them my gut feeling is let some banks fail and put GM on a diet and work-out regiment. America needs to have manufacturing capabilities in all times and to lose GM would be devasting. They have done nothing half as bad as BofA or Citi. They have [some] decent products, they are just too bloated with upper level management and ridiculous union contracts. The Krauts and Japs can build cars in this country and turn a profit [most of the time] why can't we? It is ridiculosy expensive to build a car line. Don't kick 100 years out to the curb like an old sofa.

  5. #5
    Join Date
    Dec 2008
    Location
    Florida
    Posts
    1,120

    Default

    I would agree in principle that the U.S. desperately needs to repatriate manufacturing that was offshored during the Reagan, Bush and Clinton era's.

    If we ignore this fact, and continue to attemt the re-inflation of the previous housing bubble we are doomed.
    "Information spreads at the speed of light, while ignorance is instantaneous at all points in the known universe"

  6. #6
    Join Date
    Mar 2008
    Posts
    1,490

    Default

    Quote Originally Posted by Ancona View Post
    I would agree in principle that the U.S. desperately needs to repatriate manufacturing that was offshored during the Reagan, Bush and Clinton era's.

    If we ignore this fact, and continue to attemt the re-inflation of the previous housing bubble we are doomed.

    My question is, is it even possible to reindustrialize our country? Is there enough time to gather the resources? and more questionable, is there enough desire to do so? Especially when you have the "commander" passing out pacifiers....
    Last edited by hiyosilver; 30th April 2009 at 02:14.
    TRUTH is not dependent on one's belief of it...
    John 14:6 Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.

    "Get Real"

  7. #7
    Join Date
    Jun 2008
    Posts
    2,316

    Default

    Quote Originally Posted by hiyosilver View Post
    My question is, is it even possible to reindustrialize our country? Is there enough time to gather the resources? and more questionable, is there enough desire to do so? Especially when you have the "commander" passing out pacifiers....

    Desire is the key. The government and the electorate need to see the value before its too late.
    I do think we may be being pacified to death. Hollywood, Sports and the Government are triple teaming us into submission. Throw in a Big Mac with some fries and we're cooked.
    Wake up guys and gals, Times a wasting.

  8. #8
    Join Date
    Dec 2008
    Location
    Democrat Party Toilet City
    Posts
    620

    Default

    Well it looks like Chrysler is officially over and now under Obama. I'm actually thinking that it WON'T be a good idea to purchase an American brand vehicle because you'll be giving a fair share of that money directly to the UAW. I read something recently that said that the UAW will own at least 39% of GM or Chrysler upon them declaring bankruptcy. I'd prefer to support an American brand but I don't want to be handing my money over to a criminal organization like the UAW

  9. #9
    Join Date
    Feb 2009
    Posts
    415

    Default

    Actually i think it may go something like this:

    GM: General Motors of the United States International Sales Rep
    3WC: 3rd World Country

    GM: Hi, this is Jafar, I am making a courtesy call to your country in hopes of securing more automobiles for your private citizens, we show exports to your country are down and would like to rectify this.

    3WC: No thanks Jafar, the autos you sold us last month are either being repaired or are sitting in the dump waiting to be put into the car crusher so we can recoup some of the money we lost by buying them in the first place.

    GM: No, i don't think you understand, we really need to work something out or else our military might accidentially launch some missles in your direction.

    3WC: Did i say we didn't need any more autos? What i meant to say is we'll take 1 million more cars at double MSRP.

    GM: Thats more like it! Will it be cash, charge or certified check?

    3WC: Would you take Gold by the tons?

    GM: Sure thing! Thank you for being a loyal customer, we'll have those autos to you in 6-10 years, please send payment now to ensure quicker delivery.

    3WC: Yeah, no problem, the gold is on its way.

    GM: Have a great day! (click)

    GM Sales Manager: Thats 3 millions cars you've sold today, keep up the good work Jafar. You'll have that hat paid for by the end of the month if you keep this up!
    Last edited by pmstacker; 1st May 2009 at 14:24.

    To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

  10. #10
    Join Date
    Jan 2009
    Posts
    134

    Default I wont buy from the SG auto company

    Socialist Government Auto Companies wont get my dime. I'll buy from Ford.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •