Quote:
Originally Posted by j cAT
How is this gonna play out.....GM is now called goverment motors....with OBAMA the CEO and all of us US taxpayers stock holders....
this company will owe the US goverment 100's of billions and it will never be payed off...
what do you all think ?
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Not true, Chrysler went thru government loans and restructuring in the late 70's early 80's and paid them off WITH INTEREST!
What I find ironic is this all started with the collapse of the banking industry and the Hundreds of BILLIONS of tax dollars that was given to them that WILL NEVER be repaid and no one ever raises an eyebrow....
But the Big 3 get caught up in it and everyone wants them to fail....
Let's be realistic for a second...everyone talks about the big three of the late 70's and 80's...you don't hear people talk about the big 3 of the 2000's..
The big 3 have always built small fuel efficient cars and the dealers had them on their lots....no one wanted them..they all wanted trucks and SUVs, so the big 3 met the demand...
What allot of the general public doesn't realize is the big 3 have been trying to downsize their operations for years to met the smaller demand, but some groups fought hard to keep that from happening.
Now it has all come to a head and to keep this country from going into a full blow DEPRESSION... the government has to step in and help.
The collapse of the big 3 or any one of the big 3 will affect EVERYONE! There isn't a community in the USA that doesn't have or depend on some sort of income from the B3 (taxes, jobs, community)
IMHO, the PREZ needs to focus more on JOB CREATION for the hundreds of thousands of people who have or will lose their jobs because of this…….for I may end up being one of those who will be looking.
Retraining is great, but there has to be a JOB to fill once the worker is retrained.
Unemployment benefits help, but they won’t last forever.
There has to be stability in the financial markets and more responsible credit.
Energy cost have to be stabilized, because the price of energy affects the price of everything else and our dependence on petroleum based products and oil (gas) in general has to be reduced.
Which brings up another set of problems..TAXES…because of the governments mandates on fuel economy, the government is now seeing a reduction in tax revenue because of the increase of fuel economy and the fact that people are driving less…
The bottom line is it’s going to be rough and our children will never enjoy the type of life we enjoyed!
You asked me what I thought...there you go!