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General : Fluuushhhhhhhh 14 billion of YOUR tax dollars wil lbe given to the BIG THREE
Choose another message board
 
     
Reply
 Message 1 of 6 in Discussion 
From: Jnp9  (Original Message)Sent: 12/19/2008 3:33 PM
Bush announces auto rescue

Bush announces auto rescue

President Bush today announced a rescue plan for General Motors and Chrysler that will make $13.4 billion in federal loans available, CNNMoney reports. "In the midst of a financial crisis and a recession, allowing the U.S. auto industry to collapse is not a responsible course of action," Bush said. full story


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Reply
 Message 2 of 6 in Discussion 
From: MSN NicknameAvidlySent: 12/19/2008 3:53 PM
I'm not complaining, this bailout could save my job in the long run.

Reply
 Message 3 of 6 in Discussion 
From: Jnp9Sent: 12/19/2008 4:05 PM
thr big three are a giant money pit run by delusional old men

Reply
 Message 4 of 6 in Discussion 
From: MSN NicknameT-o-r-s-t-e-nSent: 12/19/2008 4:14 PM
JNP, you have your facts wrong.  75% wrong in fact.  My thread has them right, lol. 
 
 

Reply
 Message 5 of 6 in Discussion 
From: Jnp9Sent: 12/19/2008 4:25 PM
stop apologizing for the Big Three
 
they got themselves in the mess they are in .. them and the unions ...
 
and their lack of introducing energy efficient cars

Reply
 Message 6 of 6 in Discussion 
From: MSN NicknameT-o-r-s-t-e-nSent: 12/19/2008 7:10 PM
I'm not apologizing for the big three.  I'm saying Ford has done a great job avoiding the mess GM and Chyrsler have stumbled into.  Ford has been profitable in every market except for North America over the past few years.  Ford makes great small vehicles that get the highest mpg, only they've been traditionally reserved for the european market.  They need to sell those here.  Anyway, the point is it's $17bn, not 14, and it's the big 2, not 3. 
 
But the labor agreements and pension plans need to be brought down to reality to get the playing field leveled with the transplants (which are the foreign makers who are building cars here--toyota, honda, etc.).  This is why the managed or orderly bankruptcy is key.  It's happening and no one is going down.  GM and Chyrsler might merge, but it seems like that will come after whatever it is they think they're going to be up to over the next 3 months to convince the government they can be viable and therefore qualify for further assistance, lol. 

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