Comments on: Leaders of Congress Now Beseech Treasury to Assist GM, Ford, and Chrysler http://gm-volt.com/2008/11/09/leaders-of-congress-now-beseech-treasury-to-assist-gm-ford-and-chrysler/ Real-time news, information, and discussion about the Chevrolet Volt. Sat, 21 Nov 2009 09:55:54 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Marlon http://gm-volt.com/2008/11/09/leaders-of-congress-now-beseech-treasury-to-assist-gm-ford-and-chrysler/#comment-78398 Marlon Tue, 11 Nov 2008 03:37:45 +0000 http://gm-volt.com/?p=1364#comment-78398 If a bail out is the only good option, it would be necessary: - Company pay cannot exceed $95K/year, including the CEO. - CEO Wagoner must go. - List portfolio of cars to be built. SUV, even hybrid of electrict is not acceptable at this time. I am looking to buy a compact car. From what I can tell, GM has only garbage cars. The only car which is promising is the Volt. If a bail out is the only good option, it would be necessary:

- Company pay cannot exceed $95K/year, including the CEO.
- CEO Wagoner must go.
- List portfolio of cars to be built. SUV, even hybrid of electrict is not acceptable at this time. I am looking to buy a compact car. From what I can tell, GM has only garbage cars. The only car which is promising is the Volt.

]]> By: Lance http://gm-volt.com/2008/11/09/leaders-of-congress-now-beseech-treasury-to-assist-gm-ford-and-chrysler/#comment-78377 Lance Mon, 10 Nov 2008 23:22:47 +0000 http://gm-volt.com/?p=1364#comment-78377 Enough of the handouts, the taxpayers can not continue to support this stupidity. If you want to save American auto manufactures simply place a $5,000 tariff on imported autos. This will cause the buyer to look at GM, Ford and Chrysler products. We do not need to keep handing out money Enough of the handouts, the taxpayers can not continue to support this stupidity.

If you want to save American auto manufactures simply place a $5,000 tariff on imported autos. This will cause the buyer to look at GM, Ford and Chrysler products.

We do not need to keep handing out money

]]> By: DaveP http://gm-volt.com/2008/11/09/leaders-of-congress-now-beseech-treasury-to-assist-gm-ford-and-chrysler/#comment-78324 DaveP Mon, 10 Nov 2008 18:02:09 +0000 http://gm-volt.com/?p=1364#comment-78324 Either the website is broken or everyone's tired of hearing from me. Third and last try. Big insurance company has taken a huge chunk of the money that could have otherwise been used for bailout loans to the automakers (This money came from the company pool, not the banking pool - they're separate): http://tinyurl.com/5otnjf Either the website is broken or everyone’s tired of hearing from me. Third and last try. Big insurance company has taken a huge chunk of the money that could have otherwise been used for bailout loans to the automakers (This money came from the company pool, not the banking pool – they’re separate):

http://tinyurl.com/5otnjf

]]> By: DaveP http://gm-volt.com/2008/11/09/leaders-of-congress-now-beseech-treasury-to-assist-gm-ford-and-chrysler/#comment-78322 DaveP Mon, 10 Nov 2008 17:59:51 +0000 http://gm-volt.com/?p=1364#comment-78322 Ooops, my (incredibly insightful ;) message vanished into the moderation ether. In a nutshell, the feds just spent a huge amount of the money (somewhere between $65-90 billion, depending on how you work the numbers) that could have been used to bail out companies like GM. What valuable company did they use it for? Why, our old buddies at AIG who apparently didn't get enough the first time!! http://tinyurl.com/5otnjf Ooops, my (incredibly insightful ;) message vanished into the moderation ether. In a nutshell, the feds just spent a huge amount of the money (somewhere between $65-90 billion, depending on how you work the numbers) that could have been used to bail out companies like GM.

What valuable company did they use it for? Why, our old buddies at AIG who apparently didn’t get enough the first time!!

http://tinyurl.com/5otnjf

]]> By: N Riley http://gm-volt.com/2008/11/09/leaders-of-congress-now-beseech-treasury-to-assist-gm-ford-and-chrysler/#comment-78317 N Riley Mon, 10 Nov 2008 17:30:26 +0000 http://gm-volt.com/?p=1364#comment-78317 The politics of this situation is such that we will be paying for bad political decisions along with bad management and bad workmanship for many years. The problem with all of this, not counting the untold billions of dollars of wasted taxpayer money, is that when it is all over, the same politicians and management will be in office. It is a sorry situation and there is not a damn thing any of us can do about it. The politics of this situation is such that we will be paying for bad political decisions along with bad management and bad workmanship for many years. The problem with all of this, not counting the untold billions of dollars of wasted taxpayer money, is that when it is all over, the same politicians and management will be in office. It is a sorry situation and there is not a damn thing any of us can do about it.

]]> By: N Riley http://gm-volt.com/2008/11/09/leaders-of-congress-now-beseech-treasury-to-assist-gm-ford-and-chrysler/#comment-78314 N Riley Mon, 10 Nov 2008 17:25:03 +0000 http://gm-volt.com/?p=1364#comment-78314 The pressure is too heavy for a bail-out for it to not be done. Not only will the automakers be bailed-out, but the unions will be to. The taxpayers are going to be paying for union health and retirement to the tune of many, many billions of dollars. We should insure that no auto executive makes more than a living wage with no bonuses or stock options. Union employees should be paid average union scale for all levels of wage earners in the U.S. It is not only the auto executives, but the lowly union member who caused the decline of American autos. Bad management, bad decisions and bad work ethics along with shoddy work contributed greatly to our problems. They should all suffer because of it. Personally, I agree with Statik. Take chapter 11 and suffer the pain now. If not now, it will happen later unless Detroit has finally learned their lesson. Plus, we can't completely blame the automakers for building large trucks and SUVs. We, the buying public, were demanding these types of vehicles. They only met customer demand. The pressure is too heavy for a bail-out for it to not be done. Not only will the automakers be bailed-out, but the unions will be to. The taxpayers are going to be paying for union health and retirement to the tune of many, many billions of dollars. We should insure that no auto executive makes more than a living wage with no bonuses or stock options. Union employees should be paid average union scale for all levels of wage earners in the U.S. It is not only the auto executives, but the lowly union member who caused the decline of American autos. Bad management, bad decisions and bad work ethics along with shoddy work contributed greatly to our problems. They should all suffer because of it.

Personally, I agree with Statik. Take chapter 11 and suffer the pain now. If not now, it will happen later unless Detroit has finally learned their lesson. Plus, we can’t completely blame the automakers for building large trucks and SUVs. We, the buying public, were demanding these types of vehicles. They only met customer demand.

]]> By: Red HHR http://gm-volt.com/2008/11/09/leaders-of-congress-now-beseech-treasury-to-assist-gm-ford-and-chrysler/#comment-78310 Red HHR Mon, 10 Nov 2008 17:07:41 +0000 http://gm-volt.com/?p=1364#comment-78310 Not only will the new regime bail out GM… They will unionize Toyota and Honda. That should “level” the playing field. Of course the executives will lose their outlandish pay, I agree with jbf above. Statik may be right about chapter 11, however GM will still pay their union employees to produce automobiles. It is all sort of a new version of trickle down. It is just that the pond on the top will be drained. Really what is the alternative? A Cuban style economy where 50 year old cars are used as cabs? Not sure how all this came about, I just wanted a Volt. Red HHR (investing in mops, so when I have to repaint the car) Not only will the new regime bail out GM…
They will unionize Toyota and Honda. That should “level” the playing field. Of course the executives will lose their outlandish pay, I agree with jbf above. Statik may be right about chapter 11, however GM will still pay their union employees to produce automobiles. It is all sort of a new version of trickle down. It is just that the pond on the top will be drained. Really what is the alternative? A Cuban style economy where 50 year old cars are used as cabs?

Not sure how all this came about, I just wanted a Volt.

Red HHR (investing in mops, so when I have to repaint the car)

]]> By: jbfalaska http://gm-volt.com/2008/11/09/leaders-of-congress-now-beseech-treasury-to-assist-gm-ford-and-chrysler/#comment-78302 jbfalaska Mon, 10 Nov 2008 16:21:12 +0000 http://gm-volt.com/?p=1364#comment-78302 My prayer is rather than pay $70,000,000,000.00 dollars to compensate a few princes of industry who failed beyond even the wildest of imagination; take that money and revive the auto industry where our country may benefit. Another option is to put any one of the 200,000 union paid auto workers, including the janitor and put them in charge of GM or possibly the banks. Cheaper wages and probably just as effective. Maybe more so when they avoid the moronic use of derivatives done by this company in the hopes of making magic money for their personal bank accounts. My prayer is rather than pay $70,000,000,000.00 dollars to compensate a few princes of industry who failed beyond even the wildest of imagination; take that money and revive the auto industry where our country may benefit.

Another option is to put any one of the 200,000 union paid auto workers, including the janitor and put them in charge of GM or possibly the banks. Cheaper wages and probably just as effective. Maybe more so when they avoid the moronic use of derivatives done by this company in the hopes of making magic money for their personal bank accounts.

]]> By: jbfalaska http://gm-volt.com/2008/11/09/leaders-of-congress-now-beseech-treasury-to-assist-gm-ford-and-chrysler/#comment-78299 jbfalaska Mon, 10 Nov 2008 16:15:49 +0000 http://gm-volt.com/?p=1364#comment-78299 Kent Beuchert says - Sorry, Pelosi, but my tax dollars will not be used to pay off your union supporters by propping up the companies that they have destroyed. Funny - for fifty years GM and union wages led to the greatest world strength of any nation. Still, believe what one may through the lens of politics. Fits right in with the campaign slogans of terrorist, un-American, and a host of other politically charged dogma. So to union wages, I'm not sure what would be "fair" to pay auto workers. What I do know is less than 100 people in the banking system bailout are about to take CEO pay and benefits from our tax payer dollars after they squandered their firms into the ground. Less than a room full of people will reap $70,000,000,000.00 for the poorest performance in American and world history. That's more pay than the 200,000 autoworkers combined made over the past three years. Egregious greed at the expense of patriotism to our own country is the true outrage of this post-Captains of Industry age. Defend CEO pay all day and for your lifetime as you may Kent. That kind of thinking is how we got here. Money of any kind apparently should always and only go to the top. Perhaps we can all do a sing-a-long praising Trickle Down Economics regardless of the failed practice. Even China announced a bailout - too we Americans? - of course not - infrastructure and working class wages is their belief, the same belief we once had when Capitalism of the 1970s was in motion. Something for everyone - remember those days? Kent Beuchert says – Sorry, Pelosi, but my tax dollars will not be used to pay off your union supporters by propping up the companies that they have destroyed.

Funny – for fifty years GM and union wages led to the greatest world strength of any nation. Still, believe what one may through the lens of politics. Fits right in with the campaign slogans of terrorist, un-American, and a host of other politically charged dogma.

So to union wages, I’m not sure what would be “fair” to pay auto workers. What I do know is less than 100 people in the banking system bailout are about to take CEO pay and benefits from our tax payer dollars after they squandered their firms into the ground. Less than a room full of people will reap $70,000,000,000.00 for the poorest performance in American and world history. That’s more pay than the 200,000 autoworkers combined made over the past three years. Egregious greed at the expense of patriotism to our own country is the true outrage of this post-Captains of Industry age. Defend CEO pay all day and for your lifetime as you may Kent. That kind of thinking is how we got here. Money of any kind apparently should always and only go to the top. Perhaps we can all do a sing-a-long praising Trickle Down Economics regardless of the failed practice. Even China announced a bailout – too we Americans? – of course not – infrastructure and working class wages is their belief, the same belief we once had when Capitalism of the 1970s was in motion. Something for everyone – remember those days?

]]> By: N Riley http://gm-volt.com/2008/11/09/leaders-of-congress-now-beseech-treasury-to-assist-gm-ford-and-chrysler/#comment-78296 N Riley Mon, 10 Nov 2008 16:00:41 +0000 http://gm-volt.com/?p=1364#comment-78296 If the congressional leaders are so "forward looking" as they seem to claim, why did they not address the auto industry directly when they passed the financial market 700 billion dollar bail-out? It was well known at that time. It had been know for months prior to all the financial market problems. It should have been addressed well before now, if it is going to be addressed at all. If the congressional leaders are so “forward looking” as they seem to claim, why did they not address the auto industry directly when they passed the financial market 700 billion dollar bail-out? It was well known at that time. It had been know for months prior to all the financial market problems. It should have been addressed well before now, if it is going to be addressed at all.

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