Should we just let GM, Ford and Chrysler fail?

[MMDad (Premo)]

Originally Posted by Pete

I just looked and October sales were down 45% for GM and 23% for Toyota.

I thought you were talking stock price. You are right about sales.

People are just not buying. I'd bet that decreasing gas prices will trickle down to the auto companies, but will it take too long?

[Pete (Premo)]

Originally Posted by ylexot

Right. Part of the vast majority of jobs that would just move over to the businesses that survive.

Really? You think Toyota would take over all the deserted GM and ford dealerships and rehire the sales/service staff or just boost sales from existing dealerships?

[bcp (Premo)]

I say save Ford and GM.
let Chrysler go. they already had their bailout years ago and learned nothing from the experience.

[Pete (Premo)]

Originally Posted by MMDad

I thought you were talking stock price. You are right about sales.

People are just not buying. I'd bet that decreasing gas prices will trickle down to the auto companies, but will it take too long?

I am so glad George Bush solved the gas crisis.

I do not think that America's love affair with BIG SUV's and trucks will rekindle.

[Pete (Premo)]

Originally Posted by bcp

I say save Ford and GM.
let Chrysler go. they already had their bailout years ago and learned nothing from the experience.

But Iacocca saved Chrysler, paid back the government with interest early and employed many many Americans since.

It was a bailout success story.

[bcp (Premo)]

Originally Posted by Pete

But Iacocca saved Chrysler, paid back the government with interest early and employed many many Americans since.

It was a bailout success story.

but, they are manufacturing garbage now.
let them go.

[ylexot (Premo)]

Originally Posted by Pete

Really? You think Toyota would take over all the deserted GM and ford dealerships and rehire the sales/service staff or just boost sales from existing dealerships?

Take over dealerships? No. Hire sales/service staff? Yes. They'll need the help caused by the increased sales.

[wollybugger]

Originally Posted by bcp

but, they are manufacturing garbage now.
let them go.

So let em get this straight:

Unions demand compaies to provide their workers salaries and benifits far unbalanced than comparative non-union positions.

So much so, that the company, to get positve profit margins, has to substitute plastic parts instead of metal (famous Ford transmission failure mode).

So the products reliability tanks .... while costs increase ... putting them out of the competative market. And the union chiefs sit in their rockers, looking the other way?

AND OUR GOVERNMENT HAS TO BAIL THEM OUT??????

NO WAY!!!

[wollybugger]

Originally Posted by ylexot

My uncle worked for GM and just retired. He already has three unsolicited job offers. Get a job with someone else.

I worked for United States Steel in the late '70s ... when the mills went down. I'll never forgive the unions for driving that place into a ghost town.

The good american put their faith in the unions ... but the unions ultimatley end up destroying the very industry that supports them. Kind of like a parasite that slowly consumes it's host.

[itsbob (Premo)]

Originally Posted by Pete

But Iacocca saved Chrysler, paid back the government with interest early and employed many many Americans since.

It was a bailout success story.

And again, Chrysler is neither a car nor an American company anymore.

They need to seek their bailout elsewhere.