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Let us all pray gov't doesn't bail out GM & Chrysler

Discussion in 'Political Discussion' started by PatriotsReign, Oct 12, 2008.

  1. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    I hope you all join me in silent prayer in hopes that our gracious federal gov't doesn't have the gall to bail out GM &/or Chrysler. That would just be more icing on a cake that tastes like sh1t with icing.

    The more we bail out private corporations, the more we seal our fate of the fall of the American economic empire. Let us just keep rewarding LOUSY American companies that don't deserve a penny of our tax dollars while average Americans keep getting the shaft...and left holding the bill.

    They'd have to think we'd be idiots to support such a proposal.

    "...it's unclear whether Chrysler's majority owner, Cerberus Capital Management LP, would be willing to pay up, or whether the federal government might even get involved to save one or both struggling automakers."

    GM, Chrysler discuss merger or business swap talks - source - Oct. 11, 2008

    Just to clarigy the above, Cerberus Capital Management is a HOLDING company. Holding companies almost ALWAYS sell every company in which they own a majority share just to make a profit. If the gov't gives them money, all they'd be doing is helping Cerberus achieve their goal of selling GM for a profit.
     
    Last edited: Oct 12, 2008
  2. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    i thought they gave chrysler money
     
  3. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    I think they gave all 3 (Ford, Chrysler & GM) something like $30 billion 2 weeks ago. Now they are talking even more...a lot more:rolleyes:
     
  4. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    i'll give them 30 billion of my monopoly money
     
  5. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Be careful, there's a huge initiative to crack down on counterfitting!;)

    That is actually true. It's been a huge problem on the international level.
     
  6. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    So are you all saying you'll not join me in prayer over this?:confused:
     
  7. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    cmon we need a nationalized car provider itherwise we have to buy foreign.
     
  8. Michael

    Michael Moderator Staff Member PatsFans.com Supporter

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    #12 Jersey

    I don't feel bad for GM or Ford. My first 5 cars were either GM or Ford and they all became bleepboxes at around 70k. My last GM a 97 Chevy Blazer had a known transmission issue and GM never did a recall. I swore to never buy another. in 2003 I bought a brand new Hyundai, payed cash for it and they've been great. I feel bad for the employees of these companies (even though I think they are over compensated) but, the companies did it to themselves. And no we shouldn't bail them out. Companies like Hyundai are opening manufacturing plants in the US. So it's not as if all manufacturing jobs are being lost if they close.
     
  9. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Surprise, surprise...we agree 100%:eek:
     
  10. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    BO and the dems will definitly bail out the suto companies, why campaign cash from the UAW, what planet are you living on.
     

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