GM plan: sell company to government

Discussion in 'News / Current Events' started by rbell, May 19, 2009.

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  1. rbell

    rbell
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    God help us all...fascism defined:

    http://www.reuters.com/article/mergersNews/idUSN1943363120090519

    I remember being in Europe when communism fell. We would laugh at the East German Ladas...cars made of tinfoil, chicken wire, and goodness knows what else...smoking and puttering down the road.

    Now, we will build the laughingstocks...

    Sig heil, Obama...
     
  2. carpro

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    This may not be the plan that is selected in the end.

    If it is, and I think it will be, I will never buy another GM built car as long as I live.
     
  3. rbell

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    Nor will I. I wouldn't dare buy, or own, a state-produced, UAW-owned piece of junk.
     
  4. OldRegular

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    Neither will I and I have a GM credit card. Of Course at my age I may never buy another car.
     
  5. rbell

    rbell
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    Come now...it's not the age, it's the mileage that counts.


    :D :D
     
  6. OldRegular

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    Is it voluntary or the heavy hand of Herr obama?
     
  7. Jkdbuck76

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    My wife bought a brand new Impala back in '03.

    It is the WORST car we have evar owned.

    Not even 100,000 miles and it has caused us more pain and misery than should be legal.

    The best car I've owned.....a 2003 Toyota Corrolla. I have 205,000 miles on it. No problems.


    Death to GM!
     
  8. OldRegular

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    That is the problem!:tongue3::wavey:
     
  9. Robert Snow

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    One story doesn't represent all the vehicles GM has made, does it? I traded in a 2003 Malibu last year for a 2008 Ford Ranger pickup. Although I love my truck, the Malibu was one of the best cars I have ever owned. It had over 100,000 miles on it, had been through a very bad wreck; yet the only thing I ever did was change the oil and air filter. I also may have purchased a set of tires, but I don't remember.

    I, for one, believe the U.S. needs a strong auto industry. I'm not particularly thrilled about the government owning GM, but it may not turn out as bad as some here believe.
     
  10. carpro

    carpro
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    I've owned many GM cars. Most of them gave excellent service.

    Own one now.

    Never again.
     
  11. Robert Snow

    Robert Snow
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    If you choose to give all your money to Japan or Europe, please change your avatar.
     
  12. rbell

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    Malibu was one of the best models they had in the last decade. But GM, for three or so decades now...
    • Has built (or had built) absolute junk for small cars: Chevette. Citation. Sprint. Aveo. Cavalier. Et cetera.
    • Because of costs, they can't make a Honda or Toyota-quality car at Honda or Toyota-quality prices.
    • Has always been 2-3 years behind the curve on innovation.
    • Just simply overall aren't as good, don't last as long, and aren't worth as much as competitive brands. Their motto should be, "hey...at least we're not Chrysler."
    Sad thing is...GM gave me my first "real" paychecks. My dad worked for them for 40+years. He's sick about all this. It's bad enough to see the company in the toilet. It's even worse to see it as a pawn in an attempt to make fascism our state religion.
     
  13. Robert Snow

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    Hyperbole at its best!
     
  14. windcatcher

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    Ridiculous statement: Avatar is the Eagle, The Flag, and the US MARINE corp emlem.

    Carpo, proud of your avatar..... Thank you for serving our country.... then and now.
     
  15. carpro

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    Get a grip.:laugh:

    Toyotos are built in the United States by Americans. So are Hondas and Nissans.

    Then there's also Ford. The government owns no part of them...yet.

    You just bumped your noggin and got knocked off your hobby horse.
     
  16. rbell

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    I've defined my terms. How 'bout telling me how my post is in hyperbola?
     
  17. rbell

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    The pitfalls of having a nationized auto maker? Read...

    From the article: http://article.nationalreview.com/?q=MmI5MzdkOTQ5YmQzZDczZjdhMjU5N2EyNGE2NDQyMmE=

    Priceless.
     
  18. rbell

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    The sticking point: GM (actually, the gov't) has been trying to shaft the bondholders. In normal bankruptcy/reorganizations, secured creditors are ahead of the unsecured ones in line. However, (and not surprisingly), Obama's more interested in rewarding his UAW bedfellows than following the proper method. Therefore, GM's bankruptcy has become even more of a mess than originally expected.

    http://finance.yahoo.com/news/GM-makes-new-bondholder-offer-rb-15370745.html?.v=8

    from the article:

    OK, so...now the government is starting to own our major industries. And then, we'll give one sixth of the company to the primary entity that put it in the toilet.

    Brilliant. :rolleyes:

    And no...that's not "hyperbole." That's facts.
     
  19. Magnetic Poles

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    As I have said before, to blame the workers on the assembly line is overly simplistic. They didn't make the decision on which cars to make. They didn't decide to cheapen the construction. They didn't fail to respond to the marketplace filling up with higher-quality foreign automobiles. Those are management decisions. To lay all the blame on the worker bees belies the facts.

    Don't forget, the companies' management did not have to agree to the labor contracts. There are at least two parties in every agreement.
     
    #19 Magnetic Poles, May 29, 2009
    Last edited by a moderator: May 29, 2009
  20. Pastor Larry

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    Actually, they did given union laws in most states. Companies either have to settle with the union or shut down business. They don't have the option of hiring replacement workers. It gives the union way too much power.
     
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