User 272270

$634B Spending Bill Now In Congress Provides Loans for Automakers

So many people are confused on this auto loan package...This isn't a bailout for the automakers, this 25 billion pkg was approved last year under energy bill that was passed by congress. This legislation wasn't just approved, it was funded. If the govt comes out tomorrow and says that (pick any industry that is struggling now) it is mandating certain mpg requirements a few years from now that will cost these companies billions of dollars...the govt has no choice but to provide loans to make this happen, otherwise the companies simply will not be able to meet these requirements and more jobs will be cut. This wasn't a bailout, it was a promised loan that was part of the agreement between the auto industry and the govt last year to reduce our dependency on foreign oil. Isnt this what we want? Everyone keeps complaining about fuel prices...but these same people dont understand the fundamentals behind getting us there.

$634B Spending Bill Now In Congress Provides Loans for Automakers

My first car- 93 Pontiac Grand prix...I put 210k on it before selling it to a high school kid. Since then I had a 97 Buick Park Ave Ultra...put 180k on it. I now have Pontiac G8 and Cadillac DTS...both spectacular cars at reasonable price compared to all other competition. In the 90's some of the quality for GM products had room for improvement...but in todays market there simply is no gap between foreign cars vs GM in relation to quality. Dont take my word for it, take a look at JD power etc and they will tell you this fact. In the 90's these types of comments had some truth, and since then GM has made great strides to bring the quality up inside and out of every single GM vehicle. Only thing i can think of when people post comments negative towards GM today, is they are jealous that their neighbor has that brand new Malibu or Cadillac...while they still have their boring camry / prius.