The big three wants money from congress

Did you guys know that since you're buying Toyota/Honda/Nissan that you might have to pay Ford and GM - LOLZ!

That's right. Ford and GM wants your tax dollars to survive - LOLZ! But their PR (public relations) don't want to call it a bailout as it amounts to series of "loans" from public funds. What do you think? Are these loans too risky for the taxpayers (we saw what happened to Chrysler - who is now struggling worse than Ford & GM, and whom taxpayers made risky loans to in the past)?

We know 50 billion wouldn't be enough and GM and FORD will need to ask for more when they sell unafordable electric cars. I say don't give it to them!!! Why risk taxpayers money on an industry filled with such uncertainty. Let them go belly up as they caused their own ruin by sticking with SUVs and trucks for so long.

How is it Toyota and Honda came out with hybrids and fuel effcient vehicles years ago even when gas prices were low? Why does the camry, accord, maxima mid-sized sudans have better fuel economy than most American mid-sized sudans? My family and I prefer to stick with the Japanese automakers because those companies have balls to be innovative in such a risky market. The big three shows me they have no competitive edge especially since they're asking us to loan them the money.

Your thoughts requested!

http://usnews.rankingsandreviews.co...-for-50-Billion-Insists-This-Isn-t-a-Bailout/

 

The big 3 made their beds...let them lay in them, now. The bastards.

If I'm running a business and I make enough bad choices to ruin said business, I think I should be allowed to fail. It's not the govt. or the public at large that should be held responsible for my errors. Same goes for the big 3 automakers.

The same goes for all the banks that made loans to people without doing their due dilligence before making that loan. Let them fail. bastards want too goddamn much for a house anyways. Let them all rot.

And to the people out there in the world who insist on living beyond their own means by buying a home, vehicle, boat, airplane...or whatever that the really can't afford- the same goes for you too!

 

+1 What you said. They(the governement, but ultimately YOU) rescue floundering investment banks and mortgage companies. Somehow, some way, somebody is making money off of these "takeovers".

 

Couldn't agree more. I thought we were making progress when they finally changed the personal bankruptcy laws but I guess big business is different.

 

the loss of jobs if the big three went under would be terrible for our economy. i dont think we should bail them out but it will hurt if they go away. they killed themselves with unions, not sticking with suv's. the cost of the unions are bleeding them dry but they cant seem to get away from them. i'm a believer in capitalism and think that if you make a bad product its not my problem no one wants to buy it, but like i said, the economy can't take a huge hit right now, so i dont know what the answer is