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Watchin tha world go by
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8,151 Posts
Discussion Starter #1
Detroit's sputtering Big Three turn to Washington for help
Sep 7 12:13 AM US/Eastern

56 Comments

now the big three auto makers want in on the free money ride. it is a loan --- yea right. with repayment when? Bears and Sterns started an avalanche that congress is not going to be able to say no to. too many donors and voters involved. no means no campaign contributions and losing yer cush over compensated, graft filled, ego feeding job.


http://www.breitbart.com/article.php?id=080907041331.w5v4edpo&show_article=1
Battered by weak sales, declining market share and miserable credit ratings, Detroit's Big Three automakers are now turning to the US government for help.

General Motors Corp., Ford Motor Co. and Chrysler LLC will be launching a campaign in the coming days to secure at least 25 billion dollars in federal loans to help get past the current economic malaise.

"This isn't a bail out," said Greg Martin, Washington spokesman for GM, the largest US automaker which has been awash in speculation for months that it is running short of cash.

"These are direct loans that we have to pay back," added Ford spokesman Mike Moran.
 

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Senior Member
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1,794 Posts
Dang! Nothing like throwing money at a problem rather than addressing the root cause of failure. Wished we could make it clear that the American taxpayer doesn't wish to become invested in the "Big Three" that ain't so big anymore.
 

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Destroyer of Ignorance
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2,988 Posts
Wow, all it took was one day to push the national debt up by 50%. Way to go Bush Administration. What's your next trick, wiping out every Americans bank accounts?
 

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Premium Member
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12,048 Posts
hell, let the government just nationalize all three:eek:............

i should'nt be so flippen.....this is spreading all over the friggin place..........
 

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The end is near.
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1,376 Posts
ROTFLMAO!!!

The automakers absolutely refuse to give us vehicles with high MPG so they can rake in money on their oil investments whenever oil rises in price, then when people don't buy their vehicles they go crying to the government. Let them eat cake.

Gotta laugh because otherwise you'll wind up crying.
 

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Information is Ammunition
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22,122 Posts
I bet the execs still make what they've been making for years, despite that they've lost, what- 90% of their 1990 workforce? From what I understand you can't even lease a truck or SUV anymore- cause they were taking way too many losses.
 
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