Replies to This Discussion

landownerPermalink Reply by ALongview on November 18, 2008 at 5:58

They can't continue to fund the retirements and health plans of 2.5 times as many people as employees they currently have employed. The economics don't and never will work like that. It is a smaller version of the same Social Security issues we have. If they do fund them it will be a bandaid only.

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Oil & Gas ProPermalink Reply by The_Baron on November 18, 2008 at 6:18

Going into bankruptcy would allow them to throw out their union contracts and renegociate. If the Unions would cooperate for the greater good of their membership, a good compromise is out there somewhere. Just my opinion.

By the way Jim, not to nit-pick, but its not the Big Three anymore. With the decline of chrysler and the rise of Toyota, who now challenges GM, they are called the "Detroit Three"

Besides, GM and Ford have both been working on becoming smaller, leaner car companies for a few years now. Ford acutully stayed in the blac for a quarter this year until the economy exploded. Layoffs and downsizing are inevitable anyway.

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landownerPermalink Reply by Anna Mauck-Member Services on November 18, 2008 at 7:22

I agree - do we want to look like America or more like China, where everything in that socialist nation is government run / govn't owned? It's sad to see our neighbors in Michigan suffer but it's not the best move for our country to bail out another industry. All good thing must come to an end.

Two cities are are also now putting their hands out for "their deserved peice" of the bailout package: Phila. and Atlanta.

Free Markets work, govn't taking over doesn't.

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Permalink Reply by layla on November 18, 2008 at 7:53

Further reason(s) in the following article on MSN Money:

http://blogs.moneycentral.msn.com/topstocks/archive/2008/11/17/why-...

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landownerPermalink Reply by intrepid on November 18, 2008 at 8:01

Government give-a-way programs have never worked. Never will.

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Oil & Gas ProPermalink Reply by The_Baron on November 18, 2008 at 8:29

Free money does nothing to inspire productivity. Only the threat of failure keeps people/buisness making hard choices to get through tough times.

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landownerPermalink Reply by Dena A1 on November 18, 2008 at 8:15

Didn't Chrysler merge with Mercedes-Benz? Mercedes-Benz has a plant in Alabama that is part of Chrysler. They built those SUVs for Benz. I have a Mercedes and it has a sticker on it Chrysler/Damer even through it was manufactored in Germany. What is up with that?

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Oil & Gas ProPermalink Reply by The_Baron on November 18, 2008 at 8:23

Daimler benz sold Chrysler to a private equity group called Cerberus

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Oil & Gas ProPermalink Reply by The_Baron on November 18, 2008 at 8:24

That was about two years ago. They may still have somew sort of part/vehicle sharing agreements that I'm not aware of.

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landownerPermalink Reply by Dena A1 on November 18, 2008 at 8:35

It is probally something like you said. The 2007s do not have that sticker on them. They did have it on the 2006s. Who knows what that is all about.

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Oil & Gas ProPermalink Reply by The_Baron on November 18, 2008 at 9:00

Thats about when the chrysler sale took place, but in todays world who knows where somthing actully comes from.

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Permalink Reply by barneyfife on November 18, 2008 at 8:43

I'm sure if the circumstances were reversed, the Big 3 had tons of cash and Uncle Sam needed a bailout, they would come running. Its funny how they want to share their pain with us, but wouldn't share any gain. But we have the Democrats now who are owned by the Unions so there is no limit to the amount of taxpayer money that will be used to buy Democrats some union votes.

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