Automotive Bill (NOTE DO NOT READ IF YOU LIKE RICHARDSHELBY)
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now that GM and Chrysler (Ford will be fine) are close to bankrupcy, there is a bill about a MultiBillion dollar bill to be passed.
however Richard Shelby says he will "distract" others by talking randomly (about nothing) to "block" the yes votes. why?
well it will help his state. at the same time it will wreck 90% of the country. there is a toyota or honda or some fourgin plant in his state.
so basicly...
he will wreck the economy (bad allready
) but help japan (also with a bad economy now)
he will defentally wreck michigan (a place i love to visit) but help his state along with other countrys, thats kinda "Anti American Products" >_< if you are agenst it think this:@unknownuser said:
Issac Newton:
for every action, there is an equal and opisite reaction
what i mean is this: you arent just putting them out of buisness (therefore making millions lose their jobs) you make small companys (tuner, part suplier, engine builders, etc) out of buisness too. so thats like lots of jobs lost. so, seriosly people JUST PASS IT! -
i thought i read in the news today that the US government were bailing out GM, Chrysler and Ford?
Pav
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Pav, what i mean is:
US goverment isnt its the house, the house votes on it, shelby is trying to block the votes. i hate shelby so much i dont even capitilise his name anymore. -
Isn't he too late though if they have already decided to help?
i know nothing of how the US government works, so of course i realise i could be wrong.
Pav
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you can read about it
shelby isnt helping, he is trying to foil it -
why?
Pav
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it will help his state, other countrys but will wreck the rest of the US economy
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interesting.
Pav
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Surely the one bloke wont be able to stop the whole thing though? or am i showing a gross ignorance of the US system?
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the a**holes gonna stop it
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whoa, dude, grab one of these...
sorry, couldn't resist!
Pav
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The American Big 3 haven't had a progressive thought in decades and the only way they've held on this long is by appropriating German and Japanese technology. The main reason the Gov't is bailing them out is the 500,000 unemployed figures last month put the fear of God in everyone. Realistic numbers run as high as 150 billion to keep these dinosaurs floating. Why not just let them sink,and give it to the employees who will inturn pump it back into the economy by purchasing new cars that will be built by Japanese/American plants.
These guys are so out of touch the first time they showed up in Washington was on their private jets and when the 'methane hit the fan' they arrived in hybrids the next time. Off with their heads.DE
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So let them fall. the workers will go work for the companies who didn't squander their income. Those companies will need to exapnd rapidly to keep up with their new demand load from people who cant buy a GM or whatever.
Plus, companies like Tesla might stand a better chance at really becoming something fast if people are going to looking for a new brand of car to buy into.
Chris
PS - I don't like the filibuster tactic though, assuming that is what he's planning on doing. I really haven't been following this at all.
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I agree, let them fail. they have been bleeding for so long and still they do not have a real plan on how to stop the bleeding, a 15 billion dollar tax payers band-aid on a jugular wound will not work.
And American airlines is next, unless they can adopt a business plan like Southwest airlines.It's time to stop all this bailout crap!
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@solo said:
I agree, let them fail. they have been bleeding for so long and still they do not have a real plan on how to stop the bleeding, a 15 billion dollar tax payers band-aid on a jugular wound will not work.
And American airlines is next, unless they can adopt a business plan like Southwest airlines.It's time to stop all this bailout crap!
It doesn't make sense to adopt a plan like southwest - reasonble prices, lots of destinations, lots of flight times, no extra fees. Heck, their even friendly over there at Southwest. If they adopted those kind of standards, people might actually want to fly with them, and then they wouldn't be eligible for a big government bailout.
Chris
BTW, I've applied for a 1.3 billion dollar loan myself to make up for some time I've spent here on the forums instead of making money.
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Sounds like Shelby is just a free marketeer. Yes, he can stop a bill from being passed, because the bill has to be passed by both the House and the Senate. All spending bills must originate in the House. The Dems control the House and the House has different rules than the Senate. Unless the Senate Dems have at least 60 votes, then they can't stop a filibuster. They don't have 60 votes. That's what Shelby and a few other senators plan to use to stop the bill.
IMO, the big 3 need to be restructured, not bailed out. It won't destroy the US economy if they restructure. They union wants this bill so they can continue their strong arm tactics to maintain the current status quo (low productivity, high pay).
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I've heard many say that a bailout may not save them in the long term. Iacoca did it for GM in the 80's but what are the chances of that happening again, to all 3 competing companies at the same time?
I say let them go down as they may and be replaced by forward thinking, responsible companies that make a product that people want.
My favorite quote in discussions like these...
"Capitalism will always survive, because socialism will be there to save it."
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The Bailout. . .(insert Laugh track here) will give the government at least a 20% ownership stake in the big 3. . .and gives Congress the right to appoint a CAR CZAR to administer the expenditures. Whoa! There's an idea. Let government run business. Not only that, He/She would be a political appointment with all the political crap that goes with it. That'll work. Bankruptcy would NOT put 1000's people out of work. IT only turns the administration unto court appointed overseers to give the companies time to re-work their business models and renegotiate their contracts with Labor. Union jobs pay about 45% more on average than the non union. Toyota pays about $45/hr avg while the Big Three are up around $75. plus the unions get job-banking which means if a company relocates, displaced workers get to keep drawing 95% of their salaries eventhough they don't work! How can any company keep working like that? Plus, the Car Czar treats the big 3 like they are all one company and they are all in the same boat. bankruptcy gives them the opportunities to re-work their separate deals. These problems coupled with the fact that they build cars no one wants to buy and you aint got a chance. $1500 at least of each GM car goes to pay for union benefits. there's no value to the consumer. Brand confidence has gone down. No matter what they come up with it will be very hard to get Consumers back on track when they can get a reliable Toyota or Honda.
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Hi All,
I see a lot about this move on the news over here. I think this Worldwide credit crunch might be a good thing in the long term if it means getting rid of inefficient companies and processes. So what if the US is filled with well designed and eco friendly European and Japanese cars. These companies will be manufacturing in the US and employing US workers that will be producing vehicles that will be efficient not like the majority of rubbish that is being made in Detroit presently with the exception of a few low volume models.
Quite frankly I was shocked to still see those gas guzzlers on the streets on my visit to Mountain View.
Oppps, maybe this is a bit hard !!!
Mike
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@chris fullmer said:
So let them fall. the workers will go work for the companies who didn't squander their income. Those companies will need to exapnd rapidly to keep up with their new demand load from people who cant buy a GM or whatever.
well
what about the others?????? its not just them, its the other companys below them!!
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