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Thread: Cash for clunkers benefits foreign automakers

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    Senior Member Bob Gutermuth's Avatar
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    Default Cash for clunkers benefits foreign automakers

    Instead of Detroit. This is a kick in the face after we bail out GM .

    http://www.foxnews.com/politics/2009...est=latestnews
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    Quote Originally Posted by Bob Gutermuth View Post
    Instead of Detroit. This is a kick in the face after we bail out GM .


    http://www.foxnews.com/politics/2009...est=latestnews
    Bob, maybe you should look up some other news sources instead of the far right foxnews.


    DETROIT (AP) -- Higher sales, in part from the government's Cash for Clunkers program, are spurring General Motors Co. to boost production at several of its factories.
    The automaker said Tuesday it will add 60,000 vehicles to its production in the third and mainly the fourth quarter. It will also bring back about 1,350 laid-off workers in the U.S. and Canada.

    http://www.huffingtonpost.com/2009/0..._n_262420.html

    While the Senate debates this week on whether or not to extend more funding for the controversial Cash for Clunkers program, there is one thing that is not open to debate--Ford posted sales gains for the first time in 19 months, thanks at least in part to the trade-ins spurred by the Cash for Clunkers program.

    http://www.fordreports.com/blog/1033...h-for-clunkers

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    Senior Member Bob Gutermuth's Avatar
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    At least Fox is honest news instead of a lying opinion blog like Huffington, Daily Kos and Move On. Why is it that we on the right are not, according to the left , allowed to have one source of fair and balanced reporting? The left has owned all the media outlets from the NYT to NBC and everything in between for years, its about time that the conservatives had a network.
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    Quote Originally Posted by Bob Gutermuth View Post
    At least Fox is honest news instead of a lying opinion blog like Huffington, Daily Kos and Move On. Why is it that we on the right are not, according to the left , allowed to have one source of fair and balanced reporting? The left has owned all the media outlets from the NYT to NBC and everything in between for years, its about time that the conservatives had a network.
    Did I not just show you where GM is going to hire back employees and increase their production and where Ford is showing a profit?

    That alone would discredit your foxnews account as not being the real truth.

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    Senior Member Bob Gutermuth's Avatar
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    I believe the Huff post about as much as I believe the guy in the White House, NOT AT ALL!
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    Quote Originally Posted by Roger Perry View Post
    Did I not just show you where GM is going to hire back employees and increase their production and where Ford is showing a profit?

    That alone would discredit your foxnews account as not being the real truth.
    Roger,

    Why don't you try reading the article again. It states that Ford had a 2.4% increase in sales not profit. 2.4% is not much and does not translate into a profit.

    By the way the Huffington post is a joke just like the lefts views.

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    Quote Originally Posted by code3retrievers View Post
    Roger,

    Why don't you try reading the article again. It states that Ford had a 2.4% increase in sales not profit. 2.4% is not much and does not translate into a profit.

    By the way the Huffington post is a joke just like the lefts views.
    I consider myself to be a moderate, not far left. But I guess if anyone's views are not far right they must be a lefty.

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    Quote Originally Posted by Bob Gutermuth View Post
    I believe the Huff post about as much as I believe the guy in the White House, NOT AT ALL!
    Would you believe an AP news source.

    General Motors Co. on Tuesday announced that it is boosting production by 60,000 vehicles in the third and fourth quarters as sales rise due to the Cash for Clunkers incentives and a recovery in the U.S. market. About 1,350 laid-off workers will be recalled, while 10,000 more will get a shot at overtime pay. The major U.S. and Canadian factories affected by the increases:
    Ingersoll, Ontario: Add third shift at assembly plant that makes Chevrolet Equinox and GMC Terrain crossover vehicles.
    Lordstown, Ohio: Add second shift at assembly and stamping plants that make Chevrolet Cobalt small car. Add two production days this month to schedule.
    Orion Township, Mich.: Extend production until Thanksgiving week. Plant was to close in mid-September and be retooled for minicar production.
    Delta Township, Mich.: Add overtime in fourth quarter at plant making Buick Enclave and other large crossover vehicles.

    http://www.abcnews.go.com/Business/wireStory?id=8357870

    Probably not. You want Obama to fail because it would not be good for the republicans should Obama pull us out of the Recession Bush had us in when he left office.

  9. #9

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    Most people consider them selves as moderates when they probably are not. Since you are so hung up on our former president I can only assume your views are not normal. It is probably unhealthy spending as much time as you do on a former political figure. You may want to focus your energy in the present and stop living in the past.

    On your big success of the cash for clunkers - it may not be much in the long run just like the stimulus program. It seems to help short term but in the long run it runs out of stream.

    "But many auto analysts questions whether the program will have a lasting impact, robbing sales from the final months of 2009 and 2010. A slight auto industry recovery in July and August could be offset by declining sales in September and October and wipe away the bump in consumer confidence.

    "We've got inventories tight, prices going up, incentive activity dropping, new cars coming out in October at even higher prices," said Jeremy Anwyl, CEO of the auto Web site Edmunds.com. "There's not going to be much momentum that's going to drive sales to the levels that we've seen."

    The Associated Press contributed to this report"

    GM is going to have to cut production again and after the program runs its course and they are back to square one.

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    Quote Originally Posted by code3retrievers View Post
    Most people consider them selves as moderates when they probably are not. Since you are so hung up on our former president I can only assume your views are not normal. It is probably unhealthy spending as much time as you do on a former political figure. You may want to focus your energy in the present and stop living in the past.

    On your big success of the cash for clunkers - it may not be much in the long run just like the stimulus program. It seems to help short term but in the long run it runs out of stream.

    "But many auto analysts questions whether the program will have a lasting impact, robbing sales from the final months of 2009 and 2010. A slight auto industry recovery in July and August could be offset by declining sales in September and October and wipe away the bump in consumer confidence.

    "We've got inventories tight, prices going up, incentive activity dropping, new cars coming out in October at even higher prices," said Jeremy Anwyl, CEO of the auto Web site Edmunds.com. "There's not going to be much momentum that's going to drive sales to the levels that we've seen."

    The Associated Press contributed to this report"

    GM is going to have to cut production again and after the program runs its course and they are back to square one.
    As far as the past administration, they are the reason we are in such a financial mess that we find ourselves in today.

    As far as the auto industry goes, no one can predict what the future will be and we will just have to wait and see what happens next.

    If we could predict the future, in 2008 I would have bet the house that all of the US auto makers would have filed for bankruptcy by now.
    Last edited by Roger Perry; 08-23-2009 at 02:05 PM.

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