View Poll Results: Bailout the big three auto makers???
Yes. Give them the Billions and pray they shape up.
27
57.45%
No. Let them go bankrupt with the hope they can better re-structure.
20
42.55%
I dont care.
0
0%
Voters: 47. You may not vote on this poll
Should Congress bailout for the Big three auto makers?
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Joined: Sep 2002
Posts: 9,705
From: Oakland, California
http://www.bloomberg.com/apps/news?p...yqU&refer=home
Toyota, Honda Sales Fall as Recession Tops Incentives
By Alan Ohnsman and Bill Koenig
Dec. 3 (Bloomberg) -- Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co., Japan's three biggest automakers, said November U.S. sales tumbled more than 30 percent as incentives failed to lure buyers to showrooms in a deepening recession.
Toyota's 34 percent plunge was the most for Asia's biggest automaker since at least 1980, while Honda fell 32 percent and Nissan plunged 42 percent. Combined sales for Asia-based brands including Hyundai Motor Co. slid 35 percent.
By Alan Ohnsman and Bill Koenig
Dec. 3 (Bloomberg) -- Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co., Japan's three biggest automakers, said November U.S. sales tumbled more than 30 percent as incentives failed to lure buyers to showrooms in a deepening recession.
Toyota's 34 percent plunge was the most for Asia's biggest automaker since at least 1980, while Honda fell 32 percent and Nissan plunged 42 percent. Combined sales for Asia-based brands including Hyundai Motor Co. slid 35 percent.
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Joined: Mar 2001
Posts: 954
From: Shelton, WA
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From: Shelton, WA
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Posts: 13,713
From: The Golden State
Sitting here trying to decide if I think congress should bail out the big three auto makers. I am nearly convinced that the union greed and bad management is what has gotten them into the mess they are all in. Clearly the unions have them by the ***** when they force the auto makers to provide 95% pay to laid off workers and not to mention retirement and health. And what about the insane executives salary and bonuses for a failing company?
I don't see the Japanese and other auto makers struggling so they must be doing something right. Maybe the big three should stand up and take notice.
I am also convinced that if they are given the money, they will be back for more within the next 6 months and none of the major problems will be resolved. I hate to see them further fail, but maybe if its inevitable, they should just go ahead and fail then restructure from the ground up.
I don't see the Japanese and other auto makers struggling so they must be doing something right. Maybe the big three should stand up and take notice.
I am also convinced that if they are given the money, they will be back for more within the next 6 months and none of the major problems will be resolved. I hate to see them further fail, but maybe if its inevitable, they should just go ahead and fail then restructure from the ground up.
There's a new poll out conducted by CNN and I believe Newsweek.
The public (the other 99.99999% of the US population out side of us) also polled 61%....... against the bailout.
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Joined: Mar 2001
Posts: 1,938
We can argue about which system is "better" but the fact that some workers in some countries work 10 or 12 or 14 hour days as a matter of routine is hardly a 'level or un-level playing field issue (it's also true that other than true factory/hourly workers, many people in the U.S. would fell like a work day that was only eight hours long was almost a vacation!).
As far as health car and pensions go, anyone who really thinks such things are "free" are simply not facing reality - no government can provide anything for "free"; not to mention the fact that such things don't apply to U.S. based manufacturing plants (regardless of who owns them).
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Joined: Mar 2005
Posts: 222
I voted no. until I see a plan to increase profitability at GM, I don't think it's right to just sign off and give them the money. I care tons about jobs and suppliers and lesser companies and dealers, but this is GM's fault. and chyrsler's and ford's [to a lesser extent, since they don't actually need money to keep operations going].
blame GM for not coming up with a drastic restructuring plan to complement drastic measures like seeking loans from the government, which up until six months ago was totally out of the realm of possibility according to GM's own press releases. they need to show they can be viable down the line. what i'm seeing is same old same old wishy washy
blame GM for not coming up with a drastic restructuring plan to complement drastic measures like seeking loans from the government, which up until six months ago was totally out of the realm of possibility according to GM's own press releases. they need to show they can be viable down the line. what i'm seeing is same old same old wishy washy
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Joined: Jun 2000
Posts: 3,463
From: SoCal
In good economical times letting them go bankrupt would be a plausible experiment. In this economy and with the potential job loss and far reaching effects to the overall health of the nation it's not an experiment we can afford to try.
The plans placed before Congress represents far more than a prayer that they will get better. For GM the company that begins life in 2010 will be far different than the one today.
The plans placed before Congress represents far more than a prayer that they will get better. For GM the company that begins life in 2010 will be far different than the one today.
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Joined: Jul 2002
Posts: 1,579
From: The Land of Pleasant Living
http://www.bloomberg.com/apps/news?p...yqU&refer=home
While they may not be asking for a loan, they certainly aren't rolling in the dough.
Last edited by SCNGENNFTHGEN; Dec 4, 2008 at 04:18 AM.
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