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why would i want to fight the automaker bailout? the government has given $3 trillion to wall street but we can't spare $15billion for companies that make actual real things and employ 100s of thousands of people?
Mostly correct, but to be fair, Ford actually makes some decent vehicles. Their trucks are good, and though they might suck gas, the fact is that many people in the U.S. will still need such trucks to conduct busines - contractors, landscapers, handymen, etc. And, Ford makes some decent fuel efficient cars too. The Focus isn't bad, esp for the price. But anon 11:25 is correct in that the Unions have bankrupted and crippled their cash cow and now they want election payback with yet another infusion of charity money. Time to let a b/k judge tell them how to restructure.
Anonymous said... "Mostly correct, but to be fair, Ford actually makes some decent vehicles. Their trucks are good, and though they might suck gas, the fact is that many people in the U.S. will still need such trucks to conduct busines - contractors, landscapers, handymen, etc."
If you'll notice, unlike GM and Chrysler, Ford doesn't really need the money. They just want some insurance, not a full-scale bailout.
I'd be less opposed to a bailout if Chapter 11 bankruptcy was part of the deal. These companies may survive if they get a bailout, but they won't thrive unless they break the labor union contracts. Chapter 11 would allow them to do that.
EVERYONE SHOULD READ THIS!!!! In the mid seventies I was schooled as an Audi Tech. I specialized in electrical systems..At that time the automakers just switched over to electronic ignition..removing the set of contact points in the distributor and going to the first on board computer. This is where it gets interesting...When the computer malfunctioned and your car would not start Ford said you need A NEW COMPUTER for $1000. We had to take their word for it because no one new anything about computers at that time...NOW we would say what in the computer broke and can we replace that part..RIGHT? Well I took one of those computers apart and the first hot lead internally was GUESS WHAT? A set of contact points inside the computer...Naturally they were going to burn out which is why FORD put them there..So then they would replace that $2.95 part and charge US the consumer$1,000.00...So how many hundreds of millions did they rape the consumer for on that one scam alone...LET THEM SINK!!!!! The crooks!!!! reap what you sow...
I think the oil companies should fund the bailout. Automakers and Oil Companies have been in it together all these years. Time for the CEOs of automakers and oil companies to do what Federal Express did. Take pay cuts out of their personal pay and reorganize.
Okay, now I'm really disappointed in your blog. The american auto industry has been run aground by american short sighted management practices and strategies. However, bakers and stock market exec's stole us blind, like thrives in the night. Did you notice they didn't even show up to beg for a bailout as thieves? But the automakers feckless kings had to at least show up and grovel. But, when they did grovel, you realized they weren't thieves. Just american managers. -Joe
why would i want to fight the automaker bailout? the government has given $3 trillion to wall street but we can't spare $15billion for companies that make actual real things and employ 100s of thousands of people?
ReplyDeleteMiguel-
ReplyDelete1. b/c what they make doesn't sell. i make crap in my toilet but nobody wants to buy it, will you give me money too?
2. b/c "employ" to them entails a job bank and other over-the-top welfare.
Mostly correct, but to be fair, Ford actually makes some decent vehicles. Their trucks are good, and though they might suck gas, the fact is that many people in the U.S. will still need such trucks to conduct busines - contractors, landscapers, handymen, etc.
ReplyDeleteAnd, Ford makes some decent fuel efficient cars too. The Focus isn't bad, esp for the price.
But anon 11:25 is correct in that the Unions have bankrupted and crippled their cash cow and now they want election payback with yet another infusion of charity money.
Time to let a b/k judge tell them how to restructure.
Anonymous said...
ReplyDelete"Mostly correct, but to be fair, Ford actually makes some decent vehicles. Their trucks are good, and though they might suck gas, the fact is that many people in the U.S. will still need such trucks to conduct busines - contractors, landscapers, handymen, etc."
If you'll notice, unlike GM and Chrysler, Ford doesn't really need the money. They just want some insurance, not a full-scale bailout.
I'd be less opposed to a bailout if Chapter 11 bankruptcy was part of the deal. These companies may survive if they get a bailout, but they won't thrive unless they break the labor union contracts. Chapter 11 would allow them to do that.
EVERYONE SHOULD READ THIS!!!!
ReplyDeleteIn the mid seventies I was schooled as an Audi Tech. I specialized in electrical systems..At that time the automakers just switched over to electronic ignition..removing the set of contact points in the distributor and going to the first on board computer. This is where it gets interesting...When the computer malfunctioned and your car would not start Ford said you need A NEW COMPUTER for $1000. We had to take their word for it because no one new anything about computers at that time...NOW we would say what in the computer broke and can we replace that part..RIGHT? Well I took one of those computers apart and the first hot lead internally was GUESS WHAT? A set of contact points inside the computer...Naturally they were going to burn out which is why FORD put them there..So then they would replace that $2.95 part and charge US the consumer$1,000.00...So how many hundreds of millions did they rape the consumer for on that one scam alone...LET THEM SINK!!!!! The crooks!!!! reap what you sow...
I think the oil companies should fund the bailout. Automakers and Oil Companies have been in it together all these years. Time for the CEOs of automakers and oil companies to do what Federal Express did. Take pay cuts out of their personal pay and reorganize.
ReplyDeleteOkay, now I'm really disappointed in your blog. The american auto industry has been run aground by american short sighted management practices and strategies. However, bakers and stock market exec's stole us blind, like thrives in the night. Did you notice they didn't even show up to beg for a bailout as thieves? But the automakers feckless kings had to at least show up and grovel. But, when they did grovel, you realized they weren't thieves. Just american managers.
ReplyDelete-Joe