Auto Bailouts

[ttobba]

What do u guys think of the situation?
I personally am stuck in between.
I have a personal stake in GM because I have a warranty on my engine through them which has 3yrs/90000mi left on it. Depending on the type of bankruptcy they declare I would lose it. It would also send the country straight to a depression. Technically we still aren't even in a recession. Unemployment is only 6.8% according to last Friday, while a recession, by definition, is 9.6%. A depression is between 18 and 22, not sure on the exact. Although I have personal stake in GM, I don't think they should get the bailout unless management is completely reshuffled and the business plan is built from the ground up to include R&D on alternative fuels(especially Hydrogen fuel cell), making at least 60mpg the standard within 5 yrs(we have the technology, Ford had a 74mpg non-hybrid vehicle but big oil paid them to brush it under the rug), and drastically cut the amount of cars sold(when I talk to people that wanna buy cars always mention being intimidated by the amount that u have to choose from making it hard to make the right choice).

[bcountry76]

The whole bailout topic disgust me more than I could possibly say on a message board. I think it is rather convenient that those auto makers are all of the sudden going to go bankrupt when the bailout plan was put into effect. I for one did not hear of any of the big 3 having issues before this. Maybe it just wasn't broadcast unitl now, who knows. It has already been officially declared that we are already and have been in a recession. i am sure there are more factors then unemployment rates that dictate our economic status. Right now I could give two shits about the auto makers, yeah it will suck for all those people to loose there jobs and everyone owning a car loosing their warranties but it's not my fault so why should I have to pay for it? (The term "I" representing the tax paying american base). We all know from all the money given that non will be returned, let alone somehow make a profit or interest on it. They all (everyone getting a bailout) will somehow work it on the books so they do not have to pay it back. Donald Trump has gone bankrupt more times than I can count and he is still going strong. The 3 auto makers will also make it through. I'll end it there.

[SheepToTheFleecing]

I cannot remember the last time I saw the word "lose," "loser," "losing," or "loses" spelled correctly on a message board.

Imagine if GM was like ITT Tech and you took out a loan and they gave you some keys to a thing that looked like a car but when you got in and turned the key nothing happened and they just gave you some excuse. "You didn't apply yourself." "I guess you've just been unlucky so far." "You aren't selling yourself to the car." "I'll fix it and get back to."