StockFetcher Forums · General Discussion · Thank the Lord our American Auto Companies got their loan $<< 1 2 3 >>Post Follow-up
805 posts
msg #69966
Ignore marine2
12/20/2008 5:17:07 PM

Praise the man above for saving our beloved American auto companies and all the workers connected to these companies. Bush knew he had to give them an early Christmas present to save his legacy. Life has moments where one decision affects millons of people and this was one of them.

Let's watch, and pray that all parties get together and figure out how to make these companies great again. Oh I know, there are many doomsters and gloomsters out there that think there's no chance in hell that these companies can make it. American spirit and perseverence will drive these companies people to once again show the world why our country is the greatest on this planet.

Like my old boot camp slogan my platoon had in striving to be the best, I say, WHIP IT ON!

622 posts
msg #69968
Ignore luc1grunt
12/20/2008 5:54:39 PM

So............will all the "Bush haters" give him any credit at all.

ROFL...... a person is smart, a group of people are idiots.

5 posts
msg #69969
Ignore thahound
12/20/2008 9:30:01 PM

God has nothing to do with this. And Bush will always be an idiot that has singlehandedly done the best job of any president in creating a corporate-socialist state.

And Obama is going to continue his legacy.

The OP is idiotic.

805 posts
msg #69970
Ignore marine2
12/21/2008 1:15:19 AM

Thahound, why are you hating what was done. Don't be such a grinch at Christmas time. Don't you realize how happy a million plus people are now. Bush didn't want his legacy be tarnished to such a state that no one liked him. Lots of proving to be done with the 3 American automakers. They will have a list of things given to them to accomplish. Let's see if they can make distinct progress.

If anyone in our nation wanted to see millions of people lose their jobs from the failures of our American iconic industrial companies, namely, GM, Ford, and Chrysler and all the companies that need them to stay in business then I would say that person or persons are mixed up and cruel. Or perhaps, those people wanting liguidation and more market disaster might be shorting the market in a way that makes them a lot of money? If that's the case, I call that supreme greed and this is what's got us into trouble as a nation, greed.

Have a nice Christmas!

76 posts
msg #69974
Ignore dforant1
12/21/2008 9:28:58 AM

I voted for Bush but have lost all faith and credibility in him. He has protected us but now is a lost man. This latest folly of charity for the Auto Industry is a joke. It is the beginning of the end for the Industry as it is. Bush can't save the Industry. Congress certainly can't. We can't. I won't buy another American car for years till they re-organize in totality. The Government meddling in business is one of the reasons the Industry is failing.

Sure it will be a good Xmas for them but a lousy Easter. We Americans have been electing baffoons in office for decades now. Obama who is now an extension of the Clinton Machine with his key appointments will govern no better. Soon the word fillibuster will appear on the daily news and this new Admistration will get frustrated and start resembling the Bush deal. When the American People wake up from this dopey anesthesia like state things will change.

Barnum Bailey said it best *There's one born every minute* If not familiar with the quote, look it up..

9 posts
msg #69975
Ignore hosedagain
12/21/2008 9:57:08 AM

If the auto makers didn't get their bail out, who do we blame ? the devil who is opposite to the the big guy upstairs,
don't expect the big guy to solve all or any of the problems we face...
If the unions are expected to take a cut in pay and benefits I am sure they will fight it and further dig the companies into a deeper hole. Cuts have to come from everyone not just the union workers for them to survive.

2,025 posts
msg #69978
Ignore alf44
12/21/2008 1:46:50 PM


The man's name was ...P. T. Barnum ...

...and the quote was..."There is a sucker born every minute" !


Uhhh...fwiw !



805 posts
msg #69979
Ignore marine2
12/21/2008 1:53:29 PM

I agree with you, on everyone that is connected to the auto industries business must all give. I am like all of you in wanting our American companies to be competitive with our foreign adversaries.

Since their governments are helping them through this financial melt down so too should our government. Yes, we the people that represent our government must help. We mustn't lose the basis of what created the sudden auto meltdown. It was the financial sector that created everything to fall. Granted, the American auto companies legacy costs, past contract agreements with the unions, suppliers, dealers, and management compensations had and have hurt them immeasureably in comparing themselves with their competitors. With the plan they were on they were on the right path to correcting those ills. Up until the current financial melt down that is. Now with the known facts before them that there is a credit crises before them that is not allowing people to access loan money to give them the ability to buy vehicles this has created an immediate national crisis. No other solution for now but to give them a bridge LOAN. This is not a, just give me the money and I will hang on to it and I wont be responsible to let you know my responsibilities of how I should use this money, like the government provided the banks and AIG. The American auto companies had to come forth and beg for it like a young person does when they ask their parents for some money to go on a date etc. This was ridiculous on the behaviour of some our Senators and Representatives. I was ashamed to see how unprofessional some of them behaved. But, the American auto execs took it on the chin and knew that with them being chided, chewed on, embarrassed, and made to look like a child that stole money from their family, and to promise they wouldn't get paid for their efforts. I think they gave all the tax people what they wanted to see. Their supreme efforts now to get this auto plan fixed for the long term solution in getting our nation back to being great again.

Lots to do in a short time. Is it impossible, no. Is it improbable, maybe. But, to not try and just give up and say ok throw this key industry out the door and give it to our Foreign competitors is not acceptable. We have just begun to fight are those famous words we have heard throughout our young history. Americans must center on fixing the problems not seeing how bad we can make our nation get. Regulation and more stricter rules and policies in our government is needed at this time. We have seen how people can find loopholes in cheating the system its now time to close those loopholes and watch businesses more closely. Its like being a parent you will allow your kid(s) leeway to be free and flexible to make their life more successful and enjoyable but when they abuse their privileges then the parents need to put them back on the correct path. It's the only way, checks and balances work.

May you all have a Merry Christmas and a Happy New Year.

805 posts
msg #69980
Ignore marine2
12/21/2008 1:57:27 PM

By the way, a simple bankruptcy is not an option at this time. Banruptcy 11 would drive them to bankuptcy 7, liquidation phase. NOT an option at this time.

Merry Christmas!

10,153 posts
msg #70908
Ignore johnpaulca
1/23/2009 4:05:11 PM

A Modern Parable. Makes sense,

A Japanese company (Toyota) and an American company (Ford Motors) decided to have a canoe race on the Missouri River Both teams practiced long and hard to reach their peak performance before the race.

On the big day, the Japanese won by a mile.

The Americans, very discouraged and depressed, decided to investigate the reason for the crushing defeat A management team made up of senior management was formed to investigate and recommend appropriate action.

Their conclusion was the Japanese had 8 people rowing and 1 person steering, while the American team had 7 people steering and 2 people rowing.

Feeling a deeper study was in order; American management hired a consulting company and paid them a large amount of money for a second opinion.

They advised, of course, that too many people were steering the boat, while not enough people were rowing.

Not sure of how to utilize that information, but wanting to prevent another loss to the Japanese, the rowing team's management structure was totally reorganized to 4 steering supervisors, 2 area steering superintendents and 1 assistant superintendent steering manager.

They also implemented a new performance system that would give the 2 people rowing the boat greater incentive to work harder. It was called the 'Rowing Team Quality First Program,' with meetings, dinners and free pens for the rowers. There was discussion of getting new paddles, canoes and other equipment, extra vacation days for practices and bonuses. The pension program was trimmed to 'equal the competition' and some of the resultant savings were channeled into morale boosting programs and teamwork posters.

The next year the Japanese won by two miles.

Humiliated, the American management laid-off one rower, halted development of a new canoe, sold all the paddles, and canceled all capital investments for new equipment. The money saved was distributed to the Senior Executives as bonuses.

The next year, try as he might, the lone designated rower was unable to even finish the race (having no paddles,) so he was laid off for unacceptable performance, all canoe equipment was sold and the next year's racing team was out-sourced to India .

Sadly, the End.

Here's something else to think about: Ford has spent the last thirty years moving all its factories out of the US, claiming they can't make money paying American wages.

TOYOTA has spent the last thirty years building more than a dozen plants inside theUS. The last quarter's results:

TOYOTA makes 4 billion in profits while Ford racked up 9 billion in losses.

Ford folks are still scratching their heads, and collecting bonuses... and now wants the Government to 'bail them out'.


StockFetcher Forums · General Discussion · Thank the Lord our American Auto Companies got their loan $<< 1 2 3 >>Post Follow-up

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