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Franco
05-19-2009, 08:20 PM
Formerly, General Motors. Announced today, the Federal Goobs are now going to run the new company, Gooberment Motors.

First, they just wanted to bail them out, now they want to run the whole enchlada. Possible tax breaks for folks that buy new GM cars and trucks?

Can they force Ford to do the same or maybe the better question is; can Ford compete against trillions of dollars, money the tax payers are going to have to borrow to bail the UAW out, thanks to our new administration?

In my book, the death of the domestic auto manufactorers is the death of Capitalism in the U S A. Instead of letting the the auto market work out their self-inflicted crisis, Big Brother had to jump in and kill it!

Buy FORD.

luvmylabs23139
05-19-2009, 08:58 PM
I will not buy a car from a company run by the feds, ever.

dback
05-19-2009, 08:58 PM
Just watched an interview by Gwen Ifill with Dave McCurdy (President for Auto Manufacturers) and Daniel Becker (founder of Safe Climate Campaign). Becker made it quite clear to McCurdy that he had his testicles in his 'Man Purse', at one point even stating that the 'Auto Makers' would produce what the gooberment wanted....."after all, we own them"

Patrick Johndrow
05-19-2009, 10:22 PM
Last truck and SUV are FORDS...will NEVER buy another GM product..the other company was never an options

txbadger
05-20-2009, 06:32 AM
The guy who's never run a thing now wants to run everything. Amazing how stupid We are.....

Now what was it the Constitution said about powers granted???

BonMallari
05-20-2009, 07:23 AM
this could really hurt NASCAR, the same way it did with Indy Car racing. Open wheel racing in America used to be dominated by Chevy-Ilmor engines and Ford-Cosworth engines until both companies scrapped those divisions..the Indy 500, the Great American race are now run with Toyotas and Honda powered engines

road kill
05-20-2009, 08:21 AM
I will not buy a car from a company run by the feds, ever.

What kind of shoes do you wear?
Cause "the Obama" wants to run them all.
And the voters want everything taken care of for them, they LIKE it that way!!

So, you'll be using the shoe leather express!!

just sayin'

Pete
05-20-2009, 08:32 AM
It goes deeper than that.
The government is now shutting down successful Crysler dealerships and bailing out failers. Things are getting weird.
I know the libs have a perfectly rational responce to this .

Pete

Franco
05-20-2009, 08:37 AM
Tommy Jefferson once said,

When the people fear the government, we have tyranny.
When the government fears the people, we have liberty!

Goose
05-20-2009, 08:37 AM
We live in Cuba now. Just ask the first lien holders of GM debt what they think about our new Dictator. There's no rule of law and the bondholders get nothing while the (democrat voting) union gets it all. We live in Cuba now.

Franco
05-20-2009, 08:46 AM
There's no rule of law and the bondholders get nothing while the (democrat voting) union gets it all. We live in Cuba now.



You hit the nail on the head! The auto bailout has nothing to do with saving the domestic auto mfg's and everything to do with paying off the UAW that supported Obomo. The UAW is the largest culprit in the failure of Detroit's Big 3.

So now, the Feds and UAW will be running Gooberment Motors. With these idiots in charge, GM and Chrysler will be a bottomless pit in which the new Feds will be throwing borrowed money into!

BrianW
05-20-2009, 09:03 AM
I sincerely hope that "Blue Oval" will have the resources & "forditude" :rolleyes:
to withstand this current incarnation of FDR as Henry did back in the 30's.

Haven't been a Ford guy for a long time, but I if was buying a new vehicle, would probably get one just on the grounds of sending a message. PBO can take over GM & Chrysler but he can't make people buy 'em (yet).

Anyone think a grass roots Ford "buy-cott" (as opposed to boycott) could do anything?

Franco
05-20-2009, 09:12 AM
Anyone think a grass roots Ford "buy-cott" (as opposed to boycott) could do anything?



I think it is now our patriotic duty to buy our vehicles from Ford Dealers.

I would have never made that statement in the past but things have changed over the last 120 days as we are on the fast track to socialism/communism. I waiting on the Feds to start announcing 3 and 5 year programs like the Soviets of the 1960's.

I own a Ford pickup and a Toyota passenger car. When I'm done with the Toyota, I will go with Ford. That is unless the gooberment performs a hostile takeover of Ford, which they might do. Ford's only option then would beto take more of thier production abroad to escape the UAW and Fed Czars.

K G
05-20-2009, 09:50 AM
Does that mean your radio stations will stop taking money from GM and CDJ affiliated dealerships, Franco? :cool:

Good for the goose regards,

kg

Franco
05-20-2009, 09:58 AM
Why should we stop taking money from them? And, it is not my call, that decision would come from corporate.

Now, if the broadcasters wanted to get together and ban dollars directly from GM and Chrysler just like we banned money from tobacco, I wouldn't oppose it.

And, looking at thier three year history of spending, they just aren't the spenders they were years ago. Heck, we get more phone/cell dollars than auto association dollars. However, the largest single category of advertisers is still the independent auto dealers.

Gerry Clinchy
05-20-2009, 11:36 AM
Is this weird or what?


"The UAW strongly objects to GM's plan to close 16 manufacturing facilities in the United States, while at the same time dramatically increasing the number of vehicles it will be importing from Mexico, Korea, Japan andChina (http://www.mcall.com/topic/intl/china-PLGEO00000014.topic) for sale in this country," the e-mail said.

It said GM wants to nearly double the number of imports from those countries, costing 21,000 UAW jobs in the U.S.

GM acknowledged in documents submitted to Congress that it plans to start importing small cars from China starting in 2011, with the number rising to more than 51,000 by 2014. But the company says the percentage of cars made and sold in the U.S. will remain stable, with fewer imports likely from Canada.


Interesting that a US company imports to US vehicles made in Japan ... while Japanese car-makers have plants here to serve the US market.

If GM creates jobs in Mexico, will it decrease immigration from Mexico to the US?

Perhaps the reason China is so willing to lend the US money is because companies like GM are so willing to keep China's economy thriving? With China's dismal record in production of some other items, I wonder what the recalls will be like on the GM vehicles made in China?

Franco
05-20-2009, 11:59 AM
Don't forget that the majority of the new Board Of Directors for GM is dominated by Obomo appointees and a member of the UAW. Meaning that whatever the UAW wants, they will get!

Gerry Clinchy
05-27-2009, 07:54 PM
http://www.mcall.com/news/nationworld/sns-ap-us-gm-bondholders,0,5607877.story

Looks like the government will own whatever is left of GM ... and we all know how good the government is at balancing any kind of budget.

Franco
05-27-2009, 08:13 PM
GM may well turn out to be Oboma’s Iraq. The current administration will continue to pour money into the new GM and GM will basically becom an R & D company with limited production. Certainly not enough work in the future to keep all those UAW members busy. Borrowed money that we the tax payer will have to repay(I predict we will default on the largest portions of it) will go paying them to stay at home.
The only product that has made any profit in the entire GM lineup is their light duty trucks and SUV’s. Two models that are on Obomo’s list to end. This is a microcism of our new Feds attitude towards business!

And again, what happens to Ford? How do they compete against Comrade Obomo? Move to Canada or merge with GM? Possibly a Fed forced merger? The Feds went in and took over GM under the guise of bailing them out. Now they are by far the majority owner and the folks owning the bonds will experience a fininacial windfall. Then, we have a bunch of political types running industry! How crazy is this administration?

The financial wrecklessness of this administration is not only making a bad situation worse, they will severly damage everyone’s livelyhood as they redistribute everything they can get their hands on.

badbullgator
05-27-2009, 08:22 PM
Somebody tell me again why WE gave them Billions a few months ago? Was that not to prevent bankrupcy

Franco
05-27-2009, 08:36 PM
Somebody tell me again why WE gave them Billions a few months ago? Was that not to prevent bankrupcy



We gave it to the UAW to keep them working. That's where the $ will end up. Afterall, they voted for Oboma in lock-step.

Patrick Johndrow
05-27-2009, 08:39 PM
they voted for Oboma in lock-step.


Don't you mean "GOOSE STEP" ?

Franco
05-27-2009, 08:44 PM
I dunno, do they live in Iowa?

Ken Bora
05-28-2009, 10:06 AM
So um, I have a Chevrolet truck and it is financed through gmac. It seems now I also own Chevrolet and gmac. Wouldn’t it be prudent to avoid the middle man and mail my truck payment to myself?

Franco
05-28-2009, 07:52 PM
So um, I have a Chevrolet truck and it is financed through gmac. It seems now I also own Chevrolet and gmac. Wouldn’t it be prudent to avoid the middle man and mail my truck payment to myself?

You are forgetting about the payment of the interest, let alone any principle that you Mr Taxpayer - GM owner is on the line for.;-) Can we get away with defaulting on money owed to foreign entities? The money we are either borrowing or printing to finance the madness that is Washington DC.

txbadger
05-29-2009, 08:26 AM
The real problem with this gubernut involvement in a private industry is the rule of law has been broken. The fixed income folks, the debtors, bond holder, preferred stock holder get pennies on the dollar while the UAW get a huge % of what's left. So in the future if you want to buy a corporate bond what assurance do you have you'll be in the front of the line just behind the bankers??? Right ... zero, and that the real problem with the car czar stealing.

Goose
05-29-2009, 08:39 AM
One of my all time favorite commercials in the 70's was the "Baseball, hot dogs, apple pie and Chevrolet" ad. I can still remember the jingle.

With next Monday's filing they'll be gone and I can only imagine some of the new models...the biden, the hillary, the dear leader and the algore to name a few. All putt-putts that will never survive highway driving against 18-wheelers.

We live in Cuba now.

Franco
05-29-2009, 08:55 AM
"Baseball, hot dogs, apple pie and Chevrolet"

We live in Cuba now.

The new ad campaign for Goob Motors is,

"Soccer, tacos, fried bananas and Chebby"

;-)