Quote:
Originally Posted by caddiedrummer  The problem is the same people who caused the problem are trying to fix. What did Harry Reid say yesterday something like we could fix (the car industry) overnight with the stroke of a pen . He is either deceitful, naive or both.
If you give GM or Ford $50 or $100 billion they will just burn through it. I hate to say it they either need to figure it out on their own or take 11. If you do it for them where does it stop and it becomes totally unfair. Also down the road any time GM is in crisis they will just firgure the tax payer will bail them out.
I will admit GM has tried and I like Wagoner (he went to our rival HS here in Richmond and played B-ball) But, the company has reacted too slowly and been way behind the quality curve. Just when it has almost caught up they are on the brink--true irony.
How about a 5% tax break for anyone buying a car before end of 08?? |
The idiots running wallstreet and our banks are to blame for this, along with the federal gov, and people that took mortages they can't afford (and are now moving to Texas).
They couldn't turn things around with the UAW a whole lot faster than they did. The company is on target to post profits starting midway through 2010. They're getting screwed over by the credit crunch caused by poorly managed banks. GM is one company that I believe will actually be able to pay back a loan by 2015, unlike the shit bags Fannie, Freddie, AIG, etc... (of course they can't go under either).
New vehicles from GM have excellent quality, so I don't know what would bring you to say otherwise. Have you owned a BMW or Mercedes lately or have a friend with one? Heck even Toyota's transmissions and engines are total shit right now but they keep it quiet.
CH 11 would be nice in an ideal world but things are far from ideal right now.
Get your facts straight before you start spouting off, especially in a Cadillac forum.