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I'd be pretty pissed right now if I had stock in Ford. They now have a competitor that has access to financing at substantially reduced rates. How long 'til the federal government starts rolling out tax incentives and subsidies for purchasing vehicles manufactured by Government Motors?
No incentives. You must buy the 2012 Government Motors Trabant 601!How long 'til the federal government starts rolling out tax incentives and subsidies for purchasing vehicles manufactured by Government Motors?
Interesting. I've been running GMC products since 1994 and have been thinking about picking up what will probably be my last GMC truck this Summer. I'm just as likely to try to get another 10 years out of the '99 Sierra I have now.Conversation with my father last evening:
I was looking to buy my father's truck off him, since he wanted a new one anyways. He goes searching everywhere up North, and dealer prices on GM trucks are through the roof! They wouldn't come down at all. Dealer's reply: everyone panicked and assumed that GM would stop making trucks, so they're selling them left and right without any haggling.
I think the thing is, from what I've heard from the 'experts', is that if GM and Chrysler go down, that not only will you have all those people there out of work. But also the dealerships, repair shops, parts mfrs, etc. and that the net effect on the economy would be devastating.why can't they be treated like any other business and have to take drastic measures or close up. Over extending oneself is never a good idea. Krispie Creme overextended themselves opening stores all over, then had to cut back big time to stay in business.
As a union worker for most of my life, I personally do not feel sorry for the "working" class stiffs. I have not seen so much slacking time then union workers. GM needed to regroup, but not in a way that the fox is guarding the hen house. Personally GM is now way down at the bottom of vehicles I will buy.I think the thing is, from what I've heard from the 'experts', is that if GM and Chrysler go down, that not only will you have all those people there out of work. But also the dealerships, repair shops, parts mfrs, etc. and that the net effect on the economy would be devastating.
I have no problem if the big wigs who ran it into the ground are in hot water, but it sucks for all the working class stiffs that would suddenly be out of work.
with dealerships being forced to close, some of which should never have been opened in the first place. For example, I work in the "big" city for the area. There is a chrysler dealership in town, but then there are also at least 6 other chrysler dealerships within a 30-45 minute drive in smaller towns. WHy do you need so many? I actually think the independent machanic shop/repair place will get a stronger footing in the market. Just like gasoline, cars will always need repairs. The parts manufactures will still have places to sell parts to, just not a dealership price.I think the thing is, from what I've heard from the 'experts', is that if GM and Chrysler go down, that not only will you have all those people there out of work. But also the dealerships, repair shops, parts mfrs, etc. and that the net effect on the economy would be devastating.
I have no problem if the big wigs who ran it into the ground are in hot water, but it sucks for all the working class stiffs that would suddenly be out of work.
Agreed that "businesses are designed to make money" but at some point, how much money is too much? and at whiose expense? I'm far from a hard core liberal, but there is such a thing as fair and equitable. Just because you're able to fleece somebody doesn't make it OK. Also, mega-corporations ARE in the business of keeping people employed and the government should act towards that end. Unemployed people need to resort to public assistance programs and the government (and employed taxpayers) ends up paying with no productive work being performed.I believe this administration has forgotten that businesses are designed to make money. They are not designed to employ people. Throwing money at GM merely to keep people employed is completely missing the free market principles that made the US strong in the first place.
I think a similar paradigm is what caused GM's downfall. They stopped being a corporation that built cars and started being a health care/retirement program that used car sales to fund the system.Also, mega-corporations ARE in the business of keeping people employed and the government should act towards that end.