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Author	Topic: [Poll: 2008.48]: Should the Governments provide monetary assistance to auto ma...	Post a Reply Back to Topics

JT Moderator	Message Posted: Nov 22, 2008 9:01:00 PM Ignore JT Report Abuse Should the Governments provide monetary assistance to auto manufacturers? Yes, they're a vital part of our economy Yes, there are too many jobs at stake Yes, but as a loan, not a gift No, they caused it, they can deal with it No, for other reasons No Opinion Post your thoughts about this poll below.

Moderator

Message Posted: Nov 22, 2008 9:01:00 PM

Ignore JT Report Abuse

Should the Governments provide monetary assistance to auto manufacturers?
Yes, they're a vital part of our economy
Yes, there are too many jobs at stake
Yes, but as a loan, not a gift
No, they caused it, they can deal with it
No, for other reasons
No Opinion

Post your thoughts about this poll below.

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achung53 Veteran Author Orange County Posts:487 Points:85,225 Joined:Oct 2012	Message Posted: Nov 17, 2012 7:32:43 AM Ignore achung53 Report Abuse Yes, but as a loan, not a gift
randyt58 Champion Author Atlanta Posts:3,445 Points:723,305 Joined:Feb 2006	Message Posted: Nov 5, 2011 8:38:14 AM Ignore randyt58 Report Abuse no , they shouldnt get special treatment. if my business is failing, they wont help me
pcprof Champion Author Austin Posts:9,811 Points:2,457,845 Joined:Oct 2005	Message Posted: Nov 4, 2011 6:31:54 PM Ignore pcprof Report Abuse No, they caused it, they can deal with it
googlee Champion Author Montreal Posts:2,884 Points:637,250 Joined:Oct 2010	Message Posted: Oct 23, 2011 4:55:02 AM Ignore googlee Report Abuse No
777Aviator Champion Author St. Louis Posts:2,676 Points:393,145 Joined:Jun 2011	Message Posted: Jun 29, 2011 10:18:58 PM Ignore 777Aviator Report Abuse No way
777Aviator Champion Author St. Louis Posts:2,676 Points:393,145 Joined:Jun 2011	Message Posted: Jun 29, 2011 11:54:23 AM Ignore 777Aviator Report Abuse Absolutely not
777Aviator Champion Author St. Louis Posts:2,676 Points:393,145 Joined:Jun 2011	Message Posted: Jun 28, 2011 11:55:20 PM Ignore 777Aviator Report Abuse No
pcprof Champion Author Austin Posts:9,811 Points:2,457,845 Joined:Oct 2005	Message Posted: Jun 28, 2011 11:20:15 PM Ignore pcprof Report Abuse Absolutely not!
cardjim Champion Author Missouri Posts:12,460 Points:2,703,780 Joined:Aug 2005	Message Posted: Jun 27, 2011 8:34:39 AM Ignore cardjim Report Abuse NO
777Aviator Champion Author St. Louis Posts:2,676 Points:393,145 Joined:Jun 2011	Message Posted: Jun 27, 2011 8:14:57 AM Ignore 777Aviator Report Abuse n
LXH18 Champion Author Los Angeles Posts:15,720 Points:3,211,750 Joined:Jun 2004	Message Posted: Jun 16, 2011 10:13:28 PM Ignore LXH18 Report Abuse No, they caused it, they can deal with it.
g747 Champion Author Mobile Posts:4,541 Points:933,670 Joined:Jul 2009	Message Posted: Apr 24, 2011 5:49:09 PM Ignore g747 Report Abuse A Flat NOOOOOOOOOOOO!!!!!!!!.
wrunner Champion Author Virginia Posts:4,440 Points:1,136,360 Joined:Dec 2009	Message Posted: Feb 23, 2011 7:20:37 PM Ignore wrunner Report Abuse Yes, they're a vital part of our economy
g747 Champion Author Mobile Posts:4,541 Points:933,670 Joined:Jul 2009	Message Posted: Jan 15, 2011 6:39:06 PM Ignore g747 Report Abuse Absolutely not!!!!!!!!!!!.No one bails the taxpayer out of our personal debt.
g747 Champion Author Mobile Posts:4,541 Points:933,670 Joined:Jul 2009	Message Posted: Sep 30, 2010 9:05:52 PM Ignore g747 Report Abuse No,not @ taxpayer's expense because of bad management,& greedy CEO'S.
SAVEITIL Champion Author Chicago Posts:5,369 Points:1,169,340 Joined:May 2009	Message Posted: Aug 8, 2010 10:59:32 PM Ignore SAVEITIL Report Abuse Yes, but as a loan, not a gift
dental man Champion Author San Diego Posts:14,839 Points:3,187,030 Joined:Mar 2003	Message Posted: Jun 8, 2010 10:49:20 PM Ignore dental man Report Abuse No, they caused it, they can deal with it
g747 Champion Author Mobile Posts:4,541 Points:933,670 Joined:Jul 2009	Message Posted: Jun 8, 2010 10:33:37 PM Ignore g747 Report Abuse No never again !!!!!!
BobD2009 Champion Author Long Island Posts:6,989 Points:1,239,785 Joined:Apr 2009	Message Posted: Jan 18, 2010 10:34:08 PM Ignore BobD2009 Report Abuse Not government should not use tax money for private companies.
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Jun 5, 2009 10:04:04 AM Ignore blumonster Report Abuse We will be better off if the C3 ceased their miserable existence. No restructuring, no breathing life into the 3 dead horses, just bury them and move on. Ford is going to declare bankruptcy by 31 December 2009.
leveit2clever Champion Author Cleveland Posts:7,246 Points:451,635 Joined:May 2009	Message Posted: Jun 5, 2009 8:14:33 AM Ignore leveit2clever Report Abuse No handouts, bankruptcy and restructuring are what is going to turn those companies around.
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: May 12, 2009 5:28:44 PM Ignore blumonster Report Abuse GM Shares Tumble To 76-Year Low As Senior Execs Dump Stock Next in line : Ford.
dyeh Champion Author Illinois Posts:1,201 Points:315,755 Joined:Apr 2008	Message Posted: May 12, 2009 5:08:05 PM Ignore dyeh Report Abuse thinkaboutit: that's the point. Government Motors and the Big Three are chained by their welfare states (pensions/healthcare/union benefits) and bloated bureaucracy that they can not afford that drives up the costs of building cars comparable to their foreign competitors. As a result, just to be competitive they have to charge similar price for similar quality car, which is enough to make a profit for foreign competitors but not enough for GM to cover costs. Ultimately the law of the Markets takes over. Trying to fight it is like trying to fight the law of gravity. Argue all you want, but step off that cliff and you, too, will fall as surely as GM will go bankrupt. Because it already is.
thinkaboutit Champion Author Colorado Posts:1,071 Points:75,875 Joined:Jul 2005	Message Posted: May 11, 2009 8:31:27 PM Ignore thinkaboutit Report Abuse If the banks don't lend them money they are a substandard credit risk. Money should then be given as a gift or not at all, somebody who is not credit worthy should not be extended more credit. Unlike some individuals on this site who blame a specific issue (the UAW, the management, the model policy, the business policy, etc.), thereby revealing that they don't care, I am afraid the painful time has come to allow the natural economic way takes it course. It isn't pretty, but it is even more expensive to assist, and thereafter still have to cover some consequences of a failure. The real issue: Too many automobiles are produced and sold at a price that don't cover cost. But what do you do when your market share is already declining?
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: May 11, 2009 6:08:18 AM Ignore blumonster Report Abuse It turns out the tons of money taxpayer shoveled to the direction of GM and Chrysler has been a gift after all, not a loan as liars lied and the sheep readily believed.
MnSwede Champion Author Twin Cities Posts:5,063 Points:824,325 Joined:Oct 2005	Message Posted: May 10, 2009 12:50:50 PM Ignore MnSwede Report Abuse Yes, but as a loan with a structured repayment schedule, not a gift.
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: May 10, 2009 11:23:35 AM Ignore blumonster Report Abuse Experts say GM bankruptcy almost inevitable Chrysler, GM now and Ford next year. Hopefully.
dyeh Champion Author Illinois Posts:1,201 Points:315,755 Joined:Apr 2008	Message Posted: May 8, 2009 10:32:47 PM Ignore dyeh Report Abuse So... we bail out GM, and it goes bankrupt anyway, taking down our grandkids' grandkids future with them. So rather than letting the old grand company who in old age has withered under their mini-welfare state creating less and less competitive cars die, we the taxpayers are now official owners of the new Government Motors. Yes, the US Government is now officially in the business of producing cars. Yugo, anyone?
ried Sophomore Author Ventura Posts:101 Points:159,260 Joined:Jan 2009	Message Posted: Apr 17, 2009 3:25:34 PM Ignore ried Report Abuse May Be
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Apr 7, 2009 2:33:56 PM Ignore blumonster Report Abuse I fully agree with you there Dyeh. I hope the reality turns out to be less harsh on people... Karcat, they have already bailed them out but it did not work.It just acted as an aspirin, it did not even solve the headache which is caused by a tumor.
karcat Rookie Author Ontario Posts:48 Points:1,680 Joined:Sep 2005	Message Posted: Apr 7, 2009 11:22:51 AM Ignore karcat Report Abuse As Far As Gm Goes , Dont Bail Them Out , They Have Never Had a Decent Car Yet ,And Have Screwed The Public Time & Time Again , I Have A Gm & I Cant Get Parts For It , So Let Them Go Under Who Cares .. Maybe All Those Cars They Have That Are Sitting On Lots , They Should Give Them Away As By The Time You Pay To Repair Them & The Cost For Parts , You Have Payed For Those Cars Anyways .. [Edited by: karcat at 4/7/2009 2:25:53 PM EST]
dyeh Champion Author Illinois Posts:1,201 Points:315,755 Joined:Apr 2008	Message Posted: Mar 5, 2009 8:46:58 PM Ignore dyeh Report Abuse blumonster: the loss in GM and the subsequent corresponding devaluation of the dollar pales in coparison with what is currently being lost just on the bailout of credit swap obligations. All that money goes poof. And even more scary, medicare is already bankrupt, and social security is following close behind. When (not if) either of these behemoth financial black holes realize even a part of their true potential for financial destruction, we're financially dead. Even without other countries dumping our treasuries (the 'nuclear option') when they realize how worthless the dollar has become, the internal manifestations of a worthless dollar are terrifying.
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Mar 5, 2009 12:59:19 PM Ignore blumonster Report Abuse DETROIT – General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan. GM auditors raise the specter of Chapter 11 Shameless politicians promised the GM would pay back the 'loan' (bailout money)... Are they -BOTH Dems and Reps- going to pay it themselves in the form of paycheck garnishments? Who is going to pay?
dyeh Champion Author Illinois Posts:1,201 Points:315,755 Joined:Apr 2008	Message Posted: Mar 1, 2009 11:59:30 PM Ignore dyeh Report Abuse Ya takes the risk, if it pays off for ya, good for you! If you fail, well, learn from your mistake and go on. But you can't have it both ways: if it pays off, you win, but if you fail, you win, because you get to steal taxpayers' money to make it all ok for you.
bytebug Champion Author Orange County Posts:26,389 Points:4,123,630 Joined:Oct 2001	Message Posted: Mar 1, 2009 6:43:26 AM Ignore bytebug Report Abuse Let 'em die.
dyeh Champion Author Illinois Posts:1,201 Points:315,755 Joined:Apr 2008	Message Posted: Feb 22, 2009 4:51:20 PM Ignore dyeh Report Abuse Bravo, radarman! I knew you had _some_ opinion more than just the one-word daily posts you used to post.
Silverdog1 Champion Author British Columbia Posts:14,912 Points:1,661,265 Joined:Jul 2008	Message Posted: Feb 22, 2009 11:52:38 AM Ignore Silverdog1 Report Abuse They already have it...the government has given it to them...live with it, deal with it, accept it. Be quiet about it. :)
Local39701 Champion Author Mississippi Posts:29,982 Points:1,630,280 Joined:Oct 2008	Message Posted: Feb 22, 2009 11:28:27 AM Ignore Local39701 Report Abuse No -- they caused it -- let them deal with it
Panama19 Champion Author Louisville Posts:25,299 Points:2,543,310 Joined:Sep 2005	Message Posted: Feb 22, 2009 6:22:05 AM Ignore Panama19 Report Abuse No. "The ultimate result of shielding men from the effects of folly is to fill the world with fools" - Herbert Spencer
radarman Champion Author Florida Posts:9,147 Points:2,602,700 Joined:Apr 2005	Message Posted: Feb 22, 2009 6:07:09 AM Ignore radarman Report Abuse Absolutely not! Why reward their greed? Blame at least part of this on the greedy auto workers that drove up their hourly wages so high, the company cannot afford to pay them now. And the higher ups are no better. Who is worth the money they get payed? NOBODY! And last. Why pay them anything until they start making better cars. No wonder more and more people are buying "foreign."
masonco Champion Author Michigan Posts:12,409 Points:1,828,045 Joined:May 2007	Message Posted: Feb 14, 2009 2:08:25 PM Ignore masonco Report Abuse But the CEO's of the financial industry get free million $ spa weekends, million $ bonuses paid for complements of taxpayers. They even get the rights to fly to those "weekend getaway extravaganzas via private corporate jets. Yet other businesses that request $ not only have to pay back, but also have to drive a cramped econo car 3000 miles round trip. YUP it's fair alright.
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Feb 14, 2009 1:21:39 PM Ignore blumonster Report Abuse http://news.yahoo.com/s/nm/20090214/ts_nm/us_gm_plan GM is planning on filing bankruptcy after being bailed out by taxpayers, but prior to the announcement they indicate that they would need more taxpayer money in the form of new bailouts. We were told by the corrupt politicians in charge that they would pay back the money they got. Will they really do that?
Dale8994 Rookie Author Nova Scotia Posts:5 Points:800 Joined:Feb 2009	Message Posted: Feb 10, 2009 6:39:24 AM Ignore Dale8994 Report Abuse Right on 'dyeh'. Forcing the public to purchase (subsidize) vehicles that they didn't want or couldn't afford in the first place is very wrong. As you've suggested, we've become an 'entitled' society believing (this is vigorously taught in the N.S. school system) that someone else must always be responsible and fully fund 'our' poor choices. Further, with outrageously overpaid auto assembly-line workers and millionaire management, it's hard to feel very sad about forcing a 'dose of reality' on the industry. Maybe they'll have to drop a jet or two and settle for a comparable wage to the 'other' everyday workers across Canada. Why should they (or any other specific group) be singled out for special treatment? Dale
dyeh Champion Author Illinois Posts:1,201 Points:315,755 Joined:Apr 2008	Message Posted: Feb 9, 2009 4:56:41 AM Ignore dyeh Report Abuse Bailouts are a slap-in-the-face to the American Ingenuity that we used to be so proud of. Rather than teach someone to fish, this entitlement mentality that people (and corporations!) have is basically begging to be given fish every day. Not dignified, people.
rjr54 Champion Author Winnipeg Posts:1,110 Points:394,395 Joined:Feb 2005	Message Posted: Feb 8, 2009 8:36:48 PM Ignore rjr54 Report Abuse I think they should take the necessary steps to remain in business without government assistance. Yes, factories will close and people will change jobs. But the auto industry will be better for it.
bytebug Champion Author Orange County Posts:26,389 Points:4,123,630 Joined:Oct 2001	Message Posted: Feb 6, 2009 11:47:41 AM Ignore bytebug Report Abuse Please let failing businesses fail.
dyeh Champion Author Illinois Posts:1,201 Points:315,755 Joined:Apr 2008	Message Posted: Feb 6, 2009 4:39:42 AM Ignore dyeh Report Abuse mindylacey: If the jobs are outdated building cars that we don't buy, wouldn't it be better in the long run if these workers find jobs in work that actually contribute to the economy? What happened to all the workers in the vinyl record industry when the whole industry went kaput 20 years ago?
mindylacey Champion Author Quebec Posts:28,994 Points:1,412,635 Joined:Jun 2008	Message Posted: Feb 4, 2009 12:32:55 PM Ignore mindylacey Report Abuse Yes, there are too many jobs at stake both here and in the US
Silverdog1 Champion Author British Columbia Posts:14,912 Points:1,661,265 Joined:Jul 2008	Message Posted: Feb 4, 2009 10:59:48 AM Ignore Silverdog1 Report Abuse Taking a page from Bytebug...."Report Abuse".
dyeh Champion Author Illinois Posts:1,201 Points:315,755 Joined:Apr 2008	Message Posted: Feb 4, 2009 12:31:40 AM Ignore dyeh Report Abuse radarman: When you keep posting your daily inane 'no' posting, several good posts get deleted on the back end. Please stop. I'm asking nicely.