Should the big 3 auto-makers be bailed out?

Discussion in 'Computers and Stuff' started by Dunbar Plumbing, Nov 16, 2008.

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Should the Auto Industry get bailed out?

  1. Yes

    1 vote(s)
    3.7%
  2. Yes, but they'll still tank years later

    2 vote(s)
    7.4%
  3. No, read option 2

    1 vote(s)
    3.7%
  4. No, they had 30 years to prepare and they blew it

    23 vote(s)
    85.2%
  1. Master Plumber Mark

    Master Plumber Mark Sensitivity trainer and plumber of mens souls

    Joined:
    Feb 6, 2005
    Occupation:
    Sensitivity trainer.. and plumber of mens souls
    Location:
    indianapolis indiana - land of the free, home of
    face the dire consequences...

    I sppose that everyone can start to gear down their life styles and start living more like the Amish do.

    plant a garden in the back yard..., .

    I probably have a head start on all that...
    just being a German Plumber. ......it is in my DNA.

    the big problem is ,
    their is that "cold turkey" period of about 5 years
    when the downsizeing pain almost becomes unbearable...... that I really worry about......

    desperate people will do desperate things to feed their family....that is why I pack a Glock.....

    I suppose it would be a humbling experience for everyone to have to leave a 6 bedroom home and
    move into a two bedroom apartment somewhere..??

    we just had a 180,000 house across the lane get foreclosed on and I wonder where they went.....

    Basically ,, if they dont bail them all out...

    get ready to hear "that giant sucking sound"
    that Ross Perot. spoke about when he was running for president back in the mid 90s


     
  2. 99k

    99k Radon Contractor and Water Treatment

    Joined:
    Aug 16, 2008
    Occupation:
    Contractor of Radon Reduction, Testing, and Water
    Location:
    Fairfield Co.,Connecticut
    I've heard that sucking sound for the last 10 years when I was in the auto biz ... all of the executives creating big cost reductions by outsourcing to Mexico and third world countries or pounding on their Tier 1 suppliers until they too had to outsource due to mandatory price concessions or breaking the contracts with their suppliers and threatening to never give them future business ... who benefited from these cost reductions? The greedy executives did ... "look at all the money I saved and now I get a big bonus ..."
     
  3. Master Plumber 101

    Master Plumber 101 In the Trades

    Joined:
    Aug 11, 2008
    Location:
    Wisconsin
    Greed!!!!!!

    Let's not all forget who got us into this huge pile of you know what. It's not the unions or people buying houses they can't afford, it's clearly greed from a select minority of rich elite. They come up with these scams to make a quick buck without giving a crap about anyone elses future other than their own. These same people who don't want to pay taxes for public schools or welfare when in a situation of discusting filth they created want a hand out themselfs. Like Jonny Cash said "They keep on breathing, that's what tortures me." I think that tortures all of us hard working people who had our savings ripped out from under us in the past few months.
     
  4. Verdeboy

    Verdeboy In the Trades

    Joined:
    Jun 12, 2006
    I lived in Detroit for most of my life and always drove a Japanese car. I can't tell you how many times passers-by would yell out insults or throw garbage at me, especially in the seventies and eighties. Most people who lived in the Midwest and drove foreign cars endured this sort of intimidation. The result was that most people would rather "buy American" than risk being called "unamerican." All this intimidation and propaganda served to prop up the Big 3 and allowed them to continue to make and sell millions of crappy automobiles.

    Instead of bailing out the big 3, they should take that money and give to a few select entrepreneurs as start-up capital to create a few new car companies that will be better run and produce vehicles with little or no emissions and get very high mileage.
     
  5. Redwood

    Redwood Master Plumber

    Joined:
    Dec 15, 2007
    Occupation:
    Service Plumber
    Location:
    Connecticut
    Looks like congress places a higher value on banks throwing money around unwisely than those that actually attempt to make a profit making a product.

    It looks like the bailout has gone down the tubes and the workers (union) are taking the blame.

    Figures!:mad:
     
  6. Terry

    Terry Administrator Staff Member

    Joined:
    Aug 17, 2004
    Occupation:
    Plumber
    Location:
    Bothell, Washington
    Markets for financial crime

    The rest of the story
     

    Attached Files:

    Last edited: Dec 24, 2008
  7. Cookie

    Cookie .

    Joined:
    Oct 7, 2005
    Location:
    Home
  8. Redwood

    Redwood Master Plumber

    Joined:
    Dec 15, 2007
    Occupation:
    Service Plumber
    Location:
    Connecticut
    Everybody should know 5 X 14 = 25...
    Good one Cookie...
     
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