texasbaskets
Frisco, TX
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Joined: 10/06/2003
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GMAC is the new lending arm of Chrysler. That should make you feel good, eh?  
Michael, Kay, and Prissy (The vicious 6 pound Malti-Poo)
'05 Coachmen SportsCoach SE 372DS a.k.a. "Mana's Cabana"
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curt12914
Northern NY State
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Joined: 03/15/2003
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mkirsch wrote:
What's positive about this is that there are still hundreds of thousands of people at work earning $30/hr to stand there and turn the same bolt for 8 hours a day, who wouldn't be if GM had gone under.
It's not only the GM workers, but thousands of supplier positions that were saved.
A classic example of this is the suppler that supplied Toyota's problem accelerator pedals. They are an Elkhart IN company. They supply one very small comonet, but employ many people.
If GM (or Chrysler or any other major North American manufacturer) had gone out of business, many of these companies would have went with them.
On top of that, think about the jobs after the vehicle leaves the plant. Everyone from the people that transport the vehicles, to the people that work for the local dealer. There are thousands nationwide that would be jobless if one of these corporations were to fail.
By the way, GM did declare bankruptcy. Through their banruptcy, they got rid of the recently idled GM plant in our area. With gettig rid of it, they dumped the millions of dollars of cost for a major pollution cleanup onto the taxpayers of the USA.
For those that want to make this political, remember the Bush administration started the bailout thing and the O'Bama administration agreed that it had to continue. It's very easy for us to dam what the politicians do, but the bottom line is they have expert advisors that know a lot more of the cause and effects of a major corporate failure than the majority of us know (although many on here will brag to know more).
05 Ford F-350 Lariat CC 4X4 PSD DRW Line X Retrax
02 Montana Big Sky 3295 RK (2) Honda EU2000is
When my grown kids were inspecting our new fifth wheel, one asked why we bought a trailer that sleeps 4. My reply was that we couldn't find one that sleeps 2!
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Keith99RS
Suffield, CT
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Joined: 11/14/2005
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Bush gave them a loan. Obama got the government taking control over the majority of the company and altered how they went bankrupt. The Democrat majority run house and senate bought off on it. Under Bush. I am no Bush fan but a year later it is time fir this administration to put their big boy pants on, assume some actual responsibilty and stop blaming the past year on Bush.
*patiently waiting for this post to poof as soon as a mod sees it*
Smoke 05 Titan SE CC 4X4
K&N panel filter
PRG 2.5" Leveling kit
Bilstein front,Icon rear shocks
Powerstop slotted rotors
18" Wrangler AT/S LT's
2009 Fleetwood Prowler 2702BS
Primus Brake Controller
Reese DC w/ 1,000lb/10,000lb WD
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WHS
Waitsburg, Wa.
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Joined: 11/17/2004
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CAVE people; Citizens Against Virtually Everything.
See, no matter what is happening, some people will dig and dig until they find something negative to P&M about... Some people are just half empty folks.
Kind of a bummer really... But, that's the lay of the land and the very reason Hot Mama, the Fat Man and the Fox are so succesful.
05' Layton Lite 170LT Cascade edition
06' Chevy Silverado K1500
We-No-Nah Rendevous, a Ljutic, a Remington, a Hard Rock Pro, a Polaris 550XP & Raleigh the Hunter
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SkiDood
Peoples Republic of Minnesota
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So WHS. If you had 300 bucks in your pocket and got mugged, but the thief turned around and tossed you bus fare for the ride home. Would you smile and say "Well at least I can get home, it could have been much worse."?
Late model wife
2002 Daughter
2005 Daughter
2007 Ram 3500srw 5.9L Cummins Laramie. QC Short bed.
2008 Crossroads Zinger 30RB 5th wheel.
18k Reese signature series slide hitch
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WHS
Waitsburg, Wa.
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SkiDood, well, actually yes! Would I be mad, absolutely. Would I call the cops, absolutely! Would I let that be the driving factor in my life, No way!
And truthfully, in the end I would look at what I was doing, for the lesson to be learned, and then say a prayer for fellow who mugged me. About the same thing I did during the Bush era. Seriously, I prayed a lot for that man! :-)
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dyb
s.c.
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Joined: 01/24/2005
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Ford didn't take a bailout loan.
2005 F 250 5.4, 4.10 Gear, Tow/Haul, TorqShift Tranny 8ft. Box
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Eagle 320 rlds 2008
Raised Oct, 1988
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Engineer9860
Eagle Scout dad
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Joined: 08/10/2003
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dyb wrote:Ford didn't take a bailout loan.
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In Memoriam: Liberty Belle
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SkiDood
Peoples Republic of Minnesota
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Engineer9860 wrote:dyb wrote:Ford didn't take a bailout loan.
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While Ford did alot right by getting cash from lines of credit to weather the storm. Cash for clunkers(A bail out in my eyes) helped them quite a bit.
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SkiDood
Peoples Republic of Minnesota
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WHS wrote:SkiDood, well, actually yes! Would I be mad, absolutely. Would I call the cops, absolutely! Would I let that be the driving factor in my life, No way!
And truthfully, in the end I would look at what I was doing, for the lesson to be learned, and then say a prayer for fellow who mugged me. About the same thing I did during the Bush era. Seriously, I prayed a lot for that man! :-)
Fair enough. And kudos to you for answering a question without getting mad.
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