JTF.ORG Forum
General Category => General Discussion => Topic started by: RanterMaximus on November 11, 2008, 04:20:52 PM
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Or is time for Ford, GM, and Chrysler to face the music and pay the price for their actions?
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No bailouts for these guys.
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I agree there should be no bailouts though due to the great democratic takeover, there will be.
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No bailouts, they have been out of control for quite some time now.
Make the CEO's bail themselves out, maybe they could sell a mansion or two...
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NO!!!!!
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Congress probably helped cause some of the problems over the decades.
A bailout isn't good, but what about all the employees of these companies?
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Congress probably helped cause some of the problems over the decades.
A bailout isn't good, but what about all the employees of these companies?
worse comes to worse.... the companies will go through bankruptcy... and the car companies may have to split with the finance companies.
but the car companies will never be allowed to go out of business. It may involve huge restructuring of the assets, and the unions will be handcuffed in this type of situation.. but they will get through it.
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no bailouts.
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If they go under, it will pave the way for companies who build cars with flex-fuel technology and other alternative technologies. I would like to see GM and Ford employees employed with car companies that don't cause the rest of us to fund terrorism.
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everyone has their hand out waiting for a bailout.
the bailouts have been mishandled thus far. regarding the banks, they are going out and buying up more banks so that there will be one bank that will be gigantic. still, no loans are being made which will destroy the economy, per Donald Trump today. if a businessman, who is substantial, needs a loan, he can't get it. i heard on talk radio today, there is pressure to give loans to people that can't afford to pay back the loans. same garbage as before with the home loans for minorities.
why can't these companies file bankruptcy and not look to us.
do you know what i heard last night? that people age 50 have only $2,500 in the bank. the source was from some guy who wrote a book on how to rebuild your finances in case they collapsed for whatever reason. i don't know if that info is correct about the $2,500 figure. if it is true, how are these people supposed to bail out corporations and put food on their table. where are our leaders to fight back? who is our leader? McCain? >:(
i say we start immediate impeachment proceedings against Obama. he won based on lies.
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A Bailout will include allowing expensive Pension Plans
Health Care plans to continue....while millions of people dont have either ....
Something is wrong with that picture
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if Obama supports this i think we need to start impeachment proceedings. why in the h*ll should struggling Americans pay for yet one more $350K getaway for AIG execs. Donald Trump explains it this way: these execs need a place to go and it is acceptable. add up all the getaways they've taken, so close together incidentally, add up to around $700+ thousand so far. the banks are not lending. the banks are buying up banks, according to Trump. no restrictions were put on these bailouts. now they tell us they need more money because the first bailout didn't work. the CEOs are still taking their ridiculously high multimillion dollar salaries and bonuses, all the while, we, the taxpayer, keeps giving them whatever they want. we have no voice. where does it end?
last night i was listening to some guy who said the majority of 50 year olds only have $2,500 in savings.
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all of it is BS. we are not allowed to keep our money. now all of them want bailouts. this is why we have to hide our money. why aren't these companies filing bankruptcy. we have bankruptcy laws. let them use them.
use this link to say NO! let them cut back CEO's salaries, pensions, bonuses, etc. and AIG's piggish spending close to $700,000 or more, on retreats.
http://nationalrepublicantrust.com/contactus.html
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I think the big three should be bailed out to some extent however they need to par down some excess production capacity. I haven't heard the expression for some years but it was said at one time "Whats good for GM is good for the country" I think this is still very true today. I am distressed to see that people now expect American auto workers to lower their standard of living to match what companies like Toyota, Honda and some of the other foreign car companies are paying their people in low paying right to work states. A well paid working class has money to buy things and services from the business class once this money dries up Doctors, lawyers, dentists, home improvement contractors will also see their business prospects fade. The tide raises all the boats in the harbor at the same time and it lowers them the same way. Companies like Ford, GM and Chrysler were the "Arsenal of Democracy" during WW2 they also were a big part of our space program. Lets be sure we want to toss out the baby with the bath water. I think a bailout with conditions and an I.O.U to pay Uncle Sam back should they get back into the chips would be a good investment. Any way you slice it dead or alive the companies and its workers are going to cost the taxpayers money. I think its worth a shot at trying to revitalize them.
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i guess the extended unemployment insurance and increase in food stamps is for middle America while we keep bailing out these companies. how about cutting their enormous salaries, bonuses, pensions, etc. how about these huge companies taking a hit and those who misused the bailout money, prosecuted?
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They don't deserve to be bailed out, that's part of free market. If those companies can't survive (American or not) then they deserve to flop, no one should be forced to bail out a corporation, that's equivalent to socialism. Let the bastards sink.
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we are living in a socialist country already. Obama marketed himself as The One who would give ev1 a 95% tax cut. his plans have not changed. he is a radical who will take all our tax dollars to use as he sees fit. he will move swiftly so there's no time to stop him. instead of taking our money, how about these CEOs cutting their enormous salaries, bonuses and pensions and/or use the bankruptcy laws to bail them out. ev1 has their hand out to Obama. the only thing we can do is use this link to say NO! who else can we go to? the first order of business is abortion and stem cell research. you create babies, then kill them. what kind of a maniac is he? i say we start impeachment at once. he is unfit for office and to top it off, is an illegal alien. his wife is a whackjob that is now privy to top secrets. she is so extreme; don't think he won't be running everything by her during pillowtalk. his ideologies will be packaged in what is best for our country. nothing has changed. suddenly he doesn't hate the Jews? he was there during the Jew bashing party. now he has risen to the level of power he sold his soul for. all the goons are coming out of the woodwork for payback. we have no one to fight back except this group below. tell them what you think about these bailouts, your concerns about Obama and whatever else is troubling you.
http://nationalrepublicantrust.com/contactus.html
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The car manufacturers deserve a bailout more than the banks did. That is not to say I am for it. However, if the socialist Congress would just do away with corporate tax rates, imagine just how financially healthy our corporations would be. Big corporations aren't evil just because they are big. There are other factors that cause them to become bad.
When Nancy Pelosi and her Democrat lapdogs had that meeting with the car makers last week, I was thinking about all this. Instead of making them beg for a bailout, make it easier for them to do business in the US. Oh well, you can lead a Democrat to water...
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these bailouts need to come w/restrictions and someone overseeing what they do with the money given to them from taxpayers. how do they get away w/buying up banks instead of lending money to reliable business people. instead, according to some report, they are making loans again to people that aren't qualified. AIG keeps partying and are not accountable to anyone for the $700 + thousand for retreats. these CEOs salaries, bonuses and pensions need to be cut and let them use the bankruptcy laws. i am sick of this. why should people that can't even meet day to day expenses and are one check away from homelessness, pay for their thievery.
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Gee with all the bailouts, why doesn't my small company get a bailout that's already suffering? How about our family who's being taxed out the ass to the point it costs us more in taxes than what we make income wise? Oh I forgot, it's only the mainstream companies who get special elitist status with their politician buddies. NO BAILOUTS!
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I'm against the bailouts.
Thanks to the greedy unions, car companies like Ford spend more of their money on worker benefits, and retiree pensions. I read on a blog that they spend more on their workers benefits than they do on advertising or on manufacturing. That is completely ridiculous.
Even if these companies weren't giant sugar daddies for their workers, I'd still be against using taxpayer money to bail them out. Let the free market take care of it.
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:teach: No Bailout will work & will only put off the inevitable. They need to either go into Bankruptcy & reorgnize at same wages & benefits as Honda, Nissan & Toyota or go the way of Packard,Hudson,Nash & Studebaker & dissolve.Otherwise they will in effect be Government managed entities like the East German Co. that made the Trabant existing on taxpayer subsidy.
They tried this in Great Britain with British Leyland Motors (Jaguar, Rover, MG & Triumph) being on taxpayer support ( & actually run by a Socialist !?!? ) & ultimately Maggie Thatcher had to put an end to it.Check the link below for the whole sordid story. :nono:Believe me this was tried before & did not work.
http://www.aronline.co.uk/
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NO BAILOUTS TODAY, NO BAILOUTS TOMORROW, NO BAILOUTS FOREVER!!!
For every one company getting a bailout there will be 50 others lining up with their hands out. It has already started, it must stop now but with the Democrats about to take total control things do not look promising.
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:nono: It did not work there either
http://www.nytimes.com/2008/11/18/business/economy/18car.html?_r=1
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No.
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TIME TO PAY the PIPER. TOO BAD. You DONT help RICH people- that is RIDICULOUS!
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My question is why can't they file bankruptcy? Isn't that the right thing to do?
No, everyone lines up holding out their hand to Uncle Sam...
Doesn't everyone realize our entire economy is on the verge of total collapse???
No, they are just looking out for themselves...
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I support forcing them to create hydrogen cell and cold fusion automobiles and completely eliminate oil using gas guzzelers.
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No! We can not bail out anyone period. As far as the Auto industry goes, they created this with their unions and so forth let them deal with it. Romney said it best this will be the final catastrophy for our economy if we do this. We shouldn't of been bailing out in the first place.
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If the Senate should pass the current bailout plan, Bush will veto it. If it ever passes under Obama, he will sign, just to satisfy the union scum in Ohio, Pennsylvania,etc., who helped elect him.
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How about tariffs on foreign cars, no CEO bonuses and drop union AND corporate salaries by 40%?
Check out the average salaries here. I don't think it's rocket science to why these companies are failing.
http://www.autoblog.com/2007/07/13/u-of-m-economics-professor-tackles-tough-question-of-uaw-wages
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If the Senate should pass the current bailout plan, Bush will veto it. If it ever passes under Obama, he will sign, just to satisfy the union scum in Ohio, Pennsylvania,etc., who helped elect him.
You're absolutely right. Obama will bot be reelected if the auto makers fail. They may burn through the bailout money too if it gets bad enough.
All of these union guys make a ton of money and contributed and voted for Obama. If they are on the street, Obama is done in Ohio, Pennsylvania, Michigan, and Indiana.
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I believe Reagan used tarriffs in the 80's to help the United States car industry against Japan.
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The Japanese companies still pay a generous salary in the USA. The US automakers are paying obscene wages. Just wait, a Boeing bailout is right around the corner to help all the Dems who helped Obama against Hillary in the primary.
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With all of this bailout talk, then the subject of reparations for slavery must be around the corner as well.
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The Japanese companies still pay a generous salary in the USA. The US automakers are paying obscene wages. Just wait, a Boeing bailout is right around the corner to help all the Dems who helped Obama against Hillary in the primary.
American workers have been making roughly double what Japanese and even German workers make. Most of this is due to our unions... that have been doing their part to make our cars as uncompetitive as possible.
But yes.... I wouldnt be surprised if this bailout spreads to all sorts of other industries. We are starting to see the seeds of socialism.
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No bailouts what so ever!
Major companies know that the Government will bail them out, that's the way the whole system was designed.
They will cry that without a bailout thousands of people will loose their job, therefore forcing the government to bail them out with money it doesn't have.
Under the Federal Reserve Bank Act, the bankers control our economy.
The FED controls interest rates and the amount of money in the economy.
These factors determine either economic prosperity or the lack thereof.
Our economy is essentially based on NOTHING!
The Congress gave the FED the right to print money (through the Treasury)
The money only comes into being when when the cheque is signed.
And with the influx of these extra billions and trillions into the economy you get inflation.
The FED creates money from nothing, and loans it back to us through banks, and charges us interest on our loans.
Interest earned on nothing is a pretty sweet deal.
By controlling the issue of money (printing it) you can control the government.
If you could accurately predict future interest rates, inflation and deflation, you would know when to buy or sell stocks and make a bundle of money. The FED has secret meetings (per Congressional Record) to determine future interest rates and the amount of money to be printed.
The bankers create inflation, sell their stocks before the market crashes, then buy up stocks at cheaper prices.
Bankers admitted this to Congress. This violates the law, yet Congress does not act because these bankers are large political contributors
This is the reason why we have inflation and and stock market crashes.
In the past 30 years, Congress has raised your taxes 56 times and balanced the budget only once. History proves that banking systems like the FED don't work.
Major world powers have been destroyed over similar banking systems
This evil institution has impoverished and ruined the people
They are private monopolies which prey upon the people
Federal -No, it is privately owned
Reserve - No, it has NO money in Reserve it creates it out of thin air
System - No, it is not a system of 12 banks, and is totally central
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After these jerks who run the big three show up in their private jets, I wouldn't give them the time of day, let alone a nickel of taxpayers money.