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Thread: Auto Bailout

  1. #1
    Waterboy
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    Auto Bailout

    Instead of "bailing out" these failing auto companies, that cannot seem to compete with foreign automakers, why not throw tax incentives to tax payers to buy American cars? Wouldn't this increase sales? I mean why not just give tax incentives to buy anything American made? especially during these times.

  2. #2
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    [QUOTE=jetfan78;2858768]Instead of "bailing out" these failing auto companies, that cannot seem to compete with foreign automakers, why not throw tax incentives to tax payers to buy American cars? Wouldn't this increase sales? I mean why not just give tax incentives to buy anything American made? especially during these times.[/QUOTE]

    The bottom line is the auto companies need to change their mod of operation. I'm against doing anything that encourages them to continue their same failing ways

  3. #3
    Only with BIG union concessions. If not tough luck!

  4. #4
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    How would you like to be a factory worker in Mississippi working for Toyota the past 5 years and find out your tax dollars are going to fund the pensions of employees competing at a rival automaker?

    This auto bailout could be the worse one yet.

  5. #5
    [QUOTE=jetstream23;2861916]How would you like to be a factory worker in Mississippi working for Toyota the past 5 years and find out your tax dollars are going to fund the pensions of employees competing at a rival automaker?

    This auto bailout could be the worse one yet.[/QUOTE]

    It's sickening, and something only so nonsensical and devious that Nancy Pelosi could dream it up.

    However much money they are going to give the Big 3, it won't be enough. They'll burn through whatever billion it is and then ask for more. Sometimes failing is a good thing.

  6. #6
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    [QUOTE=jetfan78;2858768]Instead of "bailing out" these failing auto companies, that cannot seem to compete with foreign automakers, why not throw tax incentives to tax payers to buy American cars? Wouldn't this increase sales? I mean why not just give tax incentives to buy anything American made? especially during these times.[/QUOTE]

    That would probably be in violation of the NAFTA agreement.

    I think a first easier step would be to replace as many federal government vehicles as possible with brand new Ford, GM and Chrysler cars. Take the old replaced cars and give them to our allies in the war on terror. These cars need to be replaced eventually (just accelerate the process) and it would pull a bunch of cars off the market. Also, the Big Three would get some of the money they need thru 'sales'

  7. #7
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    [QUOTE=jetstream23;2861916]How would you like to be a factory worker in Mississippi working for Toyota the past 5 years and find out your tax dollars are going to fund the pensions of employees competing at a rival automaker?

    This auto bailout could be the worse one yet.[/QUOTE]
    I wonder if we should stop calling it bailout??

    I read the plan was for the government to buy shares in the big 3. Which means, that the Government will partially own the biggest banks, insurers and automobile manufacturers in the country..

    This capitalism stuff is for the birds anyway. I'm in retail and my company is being devastated right now because of this. When can I expect the government to "bailout" my company and save my job? Maybe I too can dotted line to the COC

  8. #8
    [QUOTE=CTM;2862493]I wonder if we should stop calling it bailout??

    I read the plan was for the government to buy shares in the big 3. Which means, that the Government will partially own the biggest banks, insurers and automobile manufacturers in the country..

    This capitalism stuff is for the birds anyway. I'm in retail and my company is being devastated right now because of this. When can I expect the government to "bailout" my company and save my job? Maybe I too can dotted line to the COC[/QUOTE]

    Why would Americans want to own crappy businesses? The government “investment” in failing businesses is a sham anyway. The taxpayer doesn’t get shares in these businesses, the government does. If the companies turn it around, the tax payer doesn’t get dividends or capital gains, the government just has more assets. That just means they have a license to spend even more. Both parties are looking to spend as much as possible, just in different ways.

  9. #9
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    [QUOTE=BrooklynBound;2862996]Why would Americans want to own crappy businesses? The government “investment” in failing businesses is a sham anyway. The taxpayer doesn’t get shares in these businesses, the government does. If the companies turn it around, the tax payer doesn’t get dividends or capital gains, the government just has more assets. That just means they have a license to spend even more. Both parties are looking to spend as much as possible, just in different ways.[/QUOTE]
    Agreed. I was being sarcastic..

  10. #10
    [QUOTE=CTM;2863079]Agreed. I was being sarcastic..[/QUOTE]

    I know -- I figured people might think I was disagreeing with you. I was just adding to your post.

  11. #11
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    [QUOTE=BrooklynBound;2863081]I know -- I figured people might think I was disagreeing with you. I was just adding to your post.[/QUOTE]

    I know you knew just didn't want other people to think I was being serious..

    lol

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    "If we don't cut stimulus checks, disaster will strike." Doesn't do anything. "If we don't step in for AIG, disaster will strike!" Disaster strikes anyway; equity holders of AIG get screwed in favor of JPMorgan equity holders, equity markets unsure of government's intentions, markets continue to tumble. "If we don't bail out Fannie and Freddie, disaster will strike broader economy!" Disaster strikes anyway. "We need $700bn right now, no questions asked, or else disaster will strike! Hurry! And don't worry, we'll actually make money in the long run, trust us!" ("Okay, fine, you get your money, but we get to add our pork to it!")

    "Oh, yeah, well, remember that $700bn? Well, now it is actually more like $2.5 trillion, and remember the "or else" part? Well, that kind of happened anyway...darndest thing. And remember those Tarp investments that we were going to make and profit from to prevent the "or else" that happened anyway? Well, we sort of don't plan on making them anymore because it was kind of a bad idea all along (though totally necessary at the time), so there goes the profit, but don't worry, now our new plan is going to work but don't ask questions, there's no time...for God's sake, if we don't bail out GM and Ford, disaster will strike!"

  13. #13
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    [QUOTE=pauliec;2861944]It's sickening, and something only so nonsensical and devious that Nancy Pelosi could dream it up.

    However much money they are going to give the Big 3, it won't be enough. They'll burn through whatever billion it is and then ask for more. Sometimes failing is a good thing.[/QUOTE]

    We would be better off flushing cash down the toilet because it might actually clean some pipes out. That would be a better use than giving it to the automakers. They are bloated, inefficient and have little ability to innovate.

    We might as well give Xerox $3 Billion to support typewriter manufacturing.

  14. #14
    [QUOTE=jetstream23;2863932]We would be better off flushing cash down the toilet because it might actually clean some pipes out. That would be a better use than giving it to the automakers. They are bloated, inefficient and have little ability to innovate.

    We might as well give Xerox $3 Billion to support typewriter manufacturing.[/QUOTE]

    Typewriters; the new 'green' word processing unit.

  15. #15
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    Hmmm. I don't remember this [I]much[/I] animosity when Wall Street firms were "bailed out".

    Interesting. Well, actually not. You're all elitists anyway ;):P

  16. #16
    [QUOTE=PlumberKhan;2866667]Hmmm. I don't remember this [I]much[/I] animosity when Wall Street firms were "bailed out".

    Interesting. Well, actually not. You're all elitists anyway ;):P[/QUOTE]

    Uh, yeah there was.

    And I'm not an elitist. Stop.

  17. #17
    Bailout with strings-

    1. "Green" and big tank-like vehicles on a smaller production scale.
    2. Employer and employee consessions
    3. No money shipped to Mexico
    4. Tax incentives to create manufacturing jobs here instead of Mexico.

  18. #18
    [QUOTE=PlumberKhan;2866667]Hmmm. I don't remember this [I]much[/I] animosity when Wall Street firms were "bailed out".

    Interesting. Well, actually not. You're all elitists anyway ;):P[/QUOTE]

    You might want to check with your Doctor abouit that. I hear Alzheimers can set in rather early these days, and I would hate to see you fall victim to that terrible affliction.

    Just Say "No" to Bailouts and Nationalization.

  19. #19
    I agree with you here, well if they decide to do it.

    [QUOTE=chicadeel;2866709]Bailout with strings-

    1. "Green" and big tank-like vehicles on a smaller production scale.
    2. Employer and employee consessions
    3. No money shipped to Mexico
    4. Tax incentives to create manufacturing jobs here instead of Mexico.[/QUOTE]

  20. #20
    [QUOTE=chicadeel;2866709]Bailout with strings-

    1. "Green" and big tank-like vehicles on a smaller production scale.
    2. Employer and employee consessions
    3. No money shipped to Mexico
    4. Tax incentives to create manufacturing jobs here instead of Mexico.[/QUOTE]

    How about no money shipped anywhere! Let one of the big three go under.
    Most likely Chrysler. If GM wants money eliminate GMC and Buick and let Chevy and Caddie and Saturn be their 3 models. There must be union givebacks.

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