GM's New Protection/Incentive Package

BoyGenius

BoyGenius

Cyber Bully Victim
Unveiled Today:

GM Media Online

Also heard on the news that the U.S Government will back GM's warranties to ease fears of the company going out of business and customer's not being able to get their cars fixed, or get parts etc.

:coffee:
 
kom526

kom526

They call me ... Sarcasmo
I liked the part where he said, "We're not trying to run the company." Then followed that up with, "We read over their plan and it did not go far enough."


Also heard on the news that the U.S Government will back GM's warranties to ease fears...
Click to expand...

The same government that gave you the VA, and the IRS, Yep. That makes me feel a whole lot better.
 
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BoyGenius

BoyGenius

Cyber Bully Victim
CrashTest said:
Shallow promise considering GM might not even be in business a month from now.
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Apparently you haven't been watching TV. The government has made it pretty clear that GM isn't going away. They'll most likely do a token bankruptcy that wipes out the debt (bond) and stockholders, maybe the pensioners to some extent, kill the dead brands such as Saturn and Hummer, then renegotiate wages with the unions, and it's business as usual after that.

Now Chrysler? I wouldn't take that bet.

:popcorn:
 
itsbob

itsbob

I bowl overhand
BoyGenius said:
Unveiled Today:

GM Media Online

Also heard on the news that the U.S Government will back GM's warranties to ease fears of the company going out of business and customer's not being able to get their cars fixed, or get parts etc.

:coffee:
Click to expand...
Have you also heard..


Since he announced the gov't would honor the warranties, and they ousted the CEO banks are returning their bailout money, and refusing to pariticpate in his lending programs..

Got to hand it to Ford, they were the only ones smart enough to see what was coming with the O in charge. .. Hell, I might just buy a Ford to support their decision... maybe TWO. Let GM and Chrysler pay for their mistake.

Way to help the country recover!!
 
BoyGenius

BoyGenius

Cyber Bully Victim
itsbob said:
Have you also heard..


Since he announced the gov't would honor the warranties, and they ousted the CEO banks are returning their bailout money, and refusing to pariticpate in his lending programs..

Got to hand it to Ford, they were the only ones smart enough to see what was coming with the O in charge. .. Hell, I might just buy a Ford to support their decision... maybe TWO. Let GM and Chrysler pay for their mistake.

Way to help the country recover!!
Click to expand...

Banks have been talking about returning the TARP money for weeks, if not months, (Northern Trust Ring a bell?) but you guys never miss a chance to blame something on Obama, do you?

:popcorn:
 
itsbob

itsbob

I bowl overhand
BoyGenius said:
Banks have been talking about returning the TARP money for weeks, if not months, (Northern Trust Ring a bell?) but you guys never miss a chance to blame something on Obama, do you?

:popcorn:
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Where does the buck stop if it doesn't stop in the President's office??

he's the MAN.. he's where he wanted to be, HE announced he's honor the GM warranties.. Preparing us for GM going out of business.. Whether that was his intent or not, that is what he communicated..
 
BoyGenius

BoyGenius

Cyber Bully Victim
itsbob said:
Where does the buck stop if it doesn't stop in the President's office??

he's the MAN.. he's where he wanted to be, HE announced he's honor the GM warranties.. Preparing us for GM going out of business.. Whether that was his intent or not, that is what he communicated..
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The intent I picked up was "you don't have to be scared of buying a GM car or truck because of the worry of them going out of business and you getting left holding the bag with a problem vehicle, because you have the full faith and credit of the U.S Government that it's not going to happen, regardless of how GM's problems get resolved.

What song would you be singing if you were a GM worker Bob?

:popcorn:
 
itsbob

itsbob

I bowl overhand
BoyGenius said:
The intent I picked up was "you don't have to be scared of buying a GM car or truck because of the worry of them going out of business and you getting left holding the bag with a problem vehicle, because you have the full faith and credit of the U.S Government that it's not going to happen, regardless of how GM's problems get resolved.

What song would you be singing if you were a GM worker Bob?

:popcorn:
Click to expand...

No, the song the President sang was.. BUY GM, when they do go out of business we'll honor your warranties..

Why would the government honor the warranties for a company that is still in business?

I'm not a GM worker.. not an issue. If they built a quality product that people wanted they wouldn't be in the situation they are in now. Myself, I bought two Dodges in my lifetime, will never own another one.. two Chevy's, their resale was CRAP, won't buy another one (I gave both of them TWO chances because I thought I'd be unpatriotic if I bought Japanese)... 2 or 3 Nissans, and will probably buy another one some day.. A Honda.. will definitely buy another one.. and a Land Rover.. still on the fence with that one. I might just try Toyota next time.. or Subaru.. I've REALLY like the Subaru's I've rented.

GM goes under, we'll suffer, their workers won't suffer because the Union will take care of them :sarcasm: and we'll recover. I don't think anyone even misses AMC anymore.. and they even had AMERICAN in their name.. and nobody made a big deal when they went under.

When Chrysler took a bailout years ago, did the President at the time stick his hands in the daily operations of Chrysler?? Did he fire the CEO and appoint who wanted to run it, or did Chrysler recover on their own? You think someone might have learned from that, and realized the less government intrusion the better the chance of survival.
 
vraiblonde

vraiblonde

Board Mommy
PREMO Member
Patron
Boy Genius should have to change his user name. Obviously common sense isn't his forte.
 
Vince

Vince

......
BoyGenius said:
Banks have been talking about returning the TARP money for weeks, if not months, (Northern Trust Ring a bell?) but you guys never miss a chance to blame something on Obama, do you?

:popcorn:
Click to expand...
You better open your eyes. Wells Fargo tried to give the money back, didn't want it, didn't need it, was doing fine. Obama and his FDIC, etc. said, no and if you try, not only are we going to audit you for the next five years, but you're going to pay for the audits. They want control of the Banks and don't care how they get it. Threats work. If you're going to walk around with your eyes closed, you'll need a cain so you can feel where Obama's azz is to kiss it just like the rest of the blind idiots that voted him and his Congress into office.
 
Larry Gude

Larry Gude

Strung Out
Vince said:
You better open your eyes. Wells Fargo tried to give the money back, didn't want it, didn't need it, was doing fine. Obama and his FDIC, etc. said, no and if you try, not only are we going to audit you for the next five years, but you're going to pay for the audits. They want control of the Banks and don't care how they get it. Threats work. If you're going to walk around with your eyes closed, you'll need a cain so you can feel where Obama's azz is to kiss it just like the rest of the blind idiots that voted him and his Congress into office.
Click to expand...

Vince, not to fear; the WH has rolled out a new, sure fire motivational program for bankers and car makers and insurers;


http://www.traffick.com/uploaded_images/EAdams-709798.jpg
 
BoyGenius

BoyGenius

Cyber Bully Victim
Fail

vraiblonde said:
Boy Genius should have to change his user name. Obviously common sense isn't his forte.
Click to expand...

"U.S. Treasury Secretary Timothy Geithner said Sunday that unemployment could go higher before the economy begins to recover and insisted that ailing auto maker General Motors Corp. "will be part of this country's future."

Article - WSJ.com

:killingme
 
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