Thadeus Thornton III

Will GM and Ford Get What They Want?

Marvin H wrote:

> The big three have been in bed with the big oil companies for decades.
> Why doesn't the oil companies bail them out? Hey Exxon help your
> buddies out, they have helped you make billions by making gas guzzlers
> and refusing to build fuel saving vehicles haven't they?.

Refusing? All of the 'Big 3" have more vehicles getting 30+ mpg then Toyota, Honda, or Nissan combined. Unfortunately they also have more big trucky things that the American public wanted to salve their collective egos. Sportsmen loved these things ever since an aftermarket manufacturer sold fiberglass add on tops for Chevy trucks and then sold the ides to GM and created the Chevy Blazer. Gas had been cheap for years here, so it seemed like "Why not"? Would you rather have the government control and tell GM what kinds of vehicles they shoudl make? We're going to have that now... temporarily they say.
I haven't figured all of this out but it smacks more of a big diversion or smokes screen to get peoples attention away form the FREE money all the highly paid financial gurus just got for causing all this by running their companies into the ground and drying up the credit supply. don't people realize that the auto industry survives on constantly revolving credit for raw materials and dealer inventory? This is a L O A N folks. Like Chrsler got many years ago and paid back. Why aren't pole screaming their heads off about the Fannie Mae, Freddie Mac, AIG, City Bank , and Lehman Bros. who just got $700-$800 billion for free with no questions asked? This is the outrage. That all these financial gurus got us into this while making HUGE salaries that dwarf the BIG 3 CEOs. And what about all the government paid financial people that didn't see this coming? Not enough regulation in the investment banking industry with flakey , irresponsible financial "products" with very , very high risks and unscrupulous business practices. Why aren't people outraged about that?? They dried up the credit supply so business seized up folks. Open your eyes.