Jack B.

GM Bailout Would Be Agony for Taxpayers

This for all of you Toyota Lovers that seem to think that Toyota is so perfect. What they are good at is hiding all of their defective cars... and making consumers Sue them to step up to their warranty.
If Gas had not gone up to $5.00 a gallon, Toyota would not be so well thought of.


www.toyotaproblems.com...

GM Bailout Would Be Agony for Taxpayers

Thanks Bob, You have stated it alot better then I could have.....


On Nov 16 12:41 PM Bob Lunn wrote:

> How is the burden on the tax payers for a twenty five billion dollar
> bridging loan to US automotive manufactures greater than the financial
> burden of SEVEN HUNDRED billion dollars being provided to the financial
> institutions. The very same financial institutions who's irresponsible
> behaviour was a major causal factor in the creation of the current
> financial meltdown. The very same institutions that took advantage
> of the recklessly irresponsible behaviour of the government that
> removed regulatory controls on those financial institutions, and
> who is currently bailing them out.
>
> We were told that tax payers money was being provided to these financial
> institutions to "increase the flow of liquidity". That was the "spin"
> put on the bailout. Now look at what the financial institutions are
> doing with the tax payers money. They are sitting on the sidelines
> waiting for companies to fail, then they swoop in and purchase those
> companies at fire sale prices. They are not using the tax payers
> money to increase the flow of liquidity, they are using the tax payers
> money as a financial windfall to purchase other companies. The Fed
> lowered the prime rate. How much of that rate decrease "trickled
> down" to JOE TAXPAYER? It kind of puts the phrase "October surprise"
> into perspective. A final fleecing of the American Tax Payer is in
> progress.
>
> If you want to see what a financial burden on tax payers looks like,
> let the automotive manufactures go bankrupt. Check out what happens
> to tax revenues across this country as all of the jobs associated
> with the United States automotive industry are lost. Check out how
> many jobs in your city are lost because the US automotive dealerships
> and secondary parts suppliers go bankrupt.
>
> Where do you think you are going to service your US vehicle? What
> do you think your US vehicles new car warranty is worth? Where do
> you think the cities and states are going to get the revenues needed
> to run our schools, public health, and police services? If you are
> in the market for a new car, would you purchase a $20,000 plus vehicle
> who's warranty is backed by a company that is in bankruptcy? What
> do you think the State and Cities are going to have to do to make
> up for the tax revenue loss associated with the loss of all those
> payrolls?

GM Bailout Would Be Agony for Taxpayers

You are obviously a Stupid Republican and I would enjoy meeting you face to face. Were you also for this big Bank Bailout like all of your other cronies?? To listen to your theories, you would have workers working for $.50 an hour 14 hours a day with no benefits. The Unions kept Big Business in check and if your "Free Market " concept had worked, you would have never needed any Unions. And now you propose anarchy like the rest of you stupid conservatives. But wait!! You forget that there are a bunch of us highly trained verterans to overthrow idiots like you...

Also by the way, how did the free Market allow the OIL companies to rape us ????? I assure you that the Unions of this country have done no where near the Damage your"Free Market OIl "companies have done.

I used to think like you and I supported the Republican party,(like General Motors Management has). But guess what I am so sick the BOGUS gas, and Oil shortages, I am going to try and have the government take them over like in Mexico. SO much for your Free Market BS. Losing GM will put this country into a tailspin and it will crash.
Nice thought 29920. People like you are why we are in this mess to begin with. Are you another selfish Billionaire that is getting Bailout money???? You sound like it.


On Nov 16 01:06 PM User 299220 wrote:

> Hey Lazaris,
> Its Losers like you that have screwed this country - yeah the bankers
> too - but especially pro-union losers. Thats why we will never be
> competitive - thats why we have DINOSAUR industries in this country.
> Shame on you SHAME ON US. How about NO BULL*HIT Bailouts for anyone.
> Time to let markets do what they are designed to do - FLUSH EXCESS
> AND inefficiency down the toilet - and if its takes down the whole
> country in the process TFB. I'm a free market capitalist - not a
> union socialist loser who relies on handouts. This country was built
> on the former and will be screwed by the entitled rights of the latter.
> Enjoy what YOU and people who think like YOU have done to America.
>
>

Better to Let Automakers Go Bankrupt

AMEN!!!!


On Nov 14 01:28 AM lazaris wrote:

> All the talk about not bailing out the automakers, where is it going
> to stop etc.. is nothing but another attack on labor and unions.
>
> For your information, the U.A.W. has already agreed to all replacement
> workers wage to be reduced 50% to $14.00 per hour
> and the the union is going to assume the retiree health care liability
>
> (gm will pay into it then they are done with it) so GM's labor and
> legacy costs have already been addressed.
> And when GM, Ford and Chrysler are paying half the wages, do you
> think ANY of that savings will be passed onto the consumer. The price
> of that vehicle wont go down a dime. All that savings will go into
> CEO bonuses, to the stockholders, etc...
> But all you labor and union bashers will sure be happy won't you,
> to see us take that huge pay cut, that's all the less we will have
> to spend WHERE YOU WORK.
> Oh, and by the way, labor unions helped create the middle class in
> this country, which is disappearing just as fast as the bailout money
> to the banks is.

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

You are so RIGHT!!!!!!! I am still trying to figure out why AIG gets 120 billion?? And GM gets "Bankrupt"??? whats wrong with this picture???Obviously we are all fools for not being execs in wall street. what an elite club....


On Nov 10 09:14 AM Herbert Hoover wrote:

> Just out of curiosity - How much per hour do the guys at AIG make?
> Oh, I forgot, AIG is a friend of Paulson's, so that's OK.

Better to Let Automakers Go Bankrupt

I think that everyone is missing the point that GM was and is downsizing and reacting to the market place as quickly as possible. Do not forget that they will be able to hire new workers at $15.00 an hour with no benefit costs. That should drive Toyota nuts. Also did anyone forsee the BIG RIPOFF GREEDY OIL COMPANIES DRIVE GAS UP TO $5.00 A GALLON?? Any of you out there that really think all of the nonsense that the oil companies have done for the last 10 years is really for real. Ever wonder why $2.20 a gallon would go up to$3.20 in a week because a Fly sneezed in a refinery??THERE IS NO SHORTAGE OF GASOLINE. WE ALL HAVE BEEN DUPED. I used to be a die hard republican(as is most of white collar GM) I also was a UAW member for 6 years until I went into management with GM. and Now I am all in favor of letting the govt take over the oil companies. Also for the last 30 years that I worked for GM, Management was ALWAYS supporting the Republicans. How intersting that the Republicans are turning their backs on GM but are Throwing Billions at the banks and AIG so that their execs can get big bonus's and AIG can continue to throw big parties. Larry, how pompous of you to decide that the auto workers make too much money and should sacrifice their retirement benefits?? How many millions do you make Larry??? Are you corrupt like the rest of your breathen??? How would you feel when you are retired and a person like you wants cut your retirement in half. By the way Larry most retirees make $800 a month, how much did you want to cut. You sir are a BIG JERK like all of your other Republican friends. You denied GMAC any money because its not a bank. That caused GM to not be able to finance any cars or do leases.( I lose at least 5-6 customers a week because we cannot lease. I agree that GM has made many mistakes, but have you looked at their cars?? Malibu, CTS, ALL WITH TREMENDOUS QUALITY BUT its OK to help American EXpress??????What kind of bank are they??I am sure all of you baffoons will be cheering when GM goes under. WHen that Happens, I suspect that this country will go beyond a Huge depression and I do know for sure The Republicans will have caused this and will be voted out of office. After all, they and their BEST friends in the oil companies have destroyed this country. They are selfish,greedy,corrupt and deserve to have lost this last election.Everyone of you Americans should be ashamed that you have let big oil and the republicans DESTROY THIS COUNTRY. WHERE IS GAS GOING NEXT $12.00 A GALLON, DOES THAT NOT BOTHER YOU AT ALL??? IT SHOULD.... GOD BLESS AMERICA AND DAMN THE REPUBLICAN TURNCOATS...thanks for listening The GM Kid- a Decorated Combat Vietnam Veteran and 30 great years with General Motors...


On Nov 14 12:15 AM bs_o_meter wrote:

> GM and F must reorganized under bankrupcy. if Pelosi and company
> allow loans to the auto industry without management and union changes,
> this will be just one more nail in their coffin for the next election
> as they will be staking their political careers on the Volt's success.
>
>
> Voters are already mad. They have had enough of the Bush failed approaches.
> If whatever they do does not work, the voters will be in no mood
> to forgive.
>
> My suggestion is for them to tread softly.