Comments on: US Government Inches Closer to Automaker Bailout Plan http://gm-volt.com/2008/12/09/us-government-inches-closer-to-automaker-bailout-plan/ Real-time news, information, and discussion about the Chevrolet Volt. Sat, 21 Nov 2009 05:07:32 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Jake http://gm-volt.com/2008/12/09/us-government-inches-closer-to-automaker-bailout-plan/#comment-85320 Jake Wed, 10 Dec 2008 17:00:33 +0000 http://gm-volt.com/?p=1415#comment-85320 #37 Jackson - True, but GM has since sold EMD (though not that long ago). I wonder if they still have enough knowledge in-house to get back into rail? #37 Jackson –

True, but GM has since sold EMD (though not that long ago). I wonder if they still have enough knowledge in-house to get back into rail?

]]> By: Rashiid Amul http://gm-volt.com/2008/12/09/us-government-inches-closer-to-automaker-bailout-plan/#comment-85252 Rashiid Amul Wed, 10 Dec 2008 11:52:25 +0000 http://gm-volt.com/?p=1415#comment-85252 #120 Dave K says <i>At one point in my life I lived in a rented closet ($125 a month) and had $200 in my pocket. I took 2 months of employment compensation dollars from the government (2002). I now have a wife, a son, a home (now owned outright), 1 car, 1 truck, and a Ninja.</i> ------------- Same here. Although my home will be owned outright two months from now. I grew up poor but learned to stand on my own two feet. I don't ask anyone for anything. Who will bail me out if I get into trouble? I assume no one will. So I stay out of trouble. #120 Dave K says
At one point in my life I lived in a rented closet ($125 a month) and had $200 in my pocket. I took 2 months of employment compensation dollars from the government (2002). I now have a wife, a son, a home (now owned outright), 1 car, 1 truck, and a Ninja.
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Same here. Although my home will be owned outright two months from now. I grew up poor but learned to stand on my own two feet. I don’t ask anyone for anything.
Who will bail me out if I get into trouble? I assume no one will.
So I stay out of trouble.

]]> By: Dave K. =D~ http://gm-volt.com/2008/12/09/us-government-inches-closer-to-automaker-bailout-plan/#comment-85251 Dave K. =D~ Wed, 10 Dec 2008 10:49:54 +0000 http://gm-volt.com/?p=1415#comment-85251 hi D Lo #118, "No concerns about the people that GM owes money?" _____________________________ We live in a risk/reward world. GM took the risk of making gasoline guzzlers because each unit turned a higher profit than a Cobalt or Aveo does. And now history shows they made a bad bet. Tax payers shouldn't subsidize for gambling losses. It's time to clean the slate and rebuild. And as many others have mentioned here. We have all been out of work at a time in our life. And we struggled for a few months. But, we eventually found new work and life continues on. At one point in my life I lived in a rented closet ($125 a month) and had $200 in my pocket. I took 2 months of employment compensation dollars from the government (2002). I now have a wife, a son, a home (now owned outright), 1 car, 1 truck, and a Ninja. Do you want me to bail GM out? And who will I bailout next month, Amtrak? =D~ hi D Lo #118,

“No concerns about the people that GM owes money?”

_____________________________

We live in a risk/reward world. GM took the risk of making gasoline guzzlers because each unit turned a higher profit than a Cobalt or Aveo does. And now history shows they made a bad bet. Tax payers shouldn’t subsidize for gambling losses. It’s time to clean the slate and rebuild. And as many others have mentioned here. We have all been out of work at a time in our life. And we struggled for a few months. But, we eventually found new work and life continues on.

At one point in my life I lived in a rented closet ($125 a month) and had $200 in my pocket. I took 2 months of employment compensation dollars from the government (2002). I now have a wife, a son, a home (now owned outright), 1 car, 1 truck, and a Ninja.

Do you want me to bail GM out? And who will I bailout next month, Amtrak?

=D~

]]> By: LB http://gm-volt.com/2008/12/09/us-government-inches-closer-to-automaker-bailout-plan/#comment-85245 LB Wed, 10 Dec 2008 06:59:09 +0000 http://gm-volt.com/?p=1415#comment-85245 Off the subject - here is another reason why we need these electric cars..... see CNN.com article http://ac360.blogs.cnn.com/2008/11/21/nothing-but-death-wafted-in-the-toxic-smelling-air/ Off the subject – here is another reason why we need these electric cars….. see CNN.com article

http://ac360.blogs.cnn.com/2008/11/21/nothing-but-death-wafted-in-the-toxic-smelling-air/

]]> By: D Lo http://gm-volt.com/2008/12/09/us-government-inches-closer-to-automaker-bailout-plan/#comment-85228 D Lo Wed, 10 Dec 2008 04:47:53 +0000 http://gm-volt.com/?p=1415#comment-85228 #117 Dave K. =D~ "a restructured GM can live on and be successful." No concerns about the people that GM owes money? American Axel had to get millions from GM to end a strike that was affecting other automakers as well. Yeah, GM will be fine, but everything else around them will financially collapse, too. I guess the ripples don't reach California? #117 Dave K. =D~
“a restructured GM can live on and be successful.”

No concerns about the people that GM owes money? American Axel had to get millions from GM to end a strike that was affecting other automakers as well. Yeah, GM will be fine, but everything else around them will financially collapse, too. I guess the ripples don’t reach California?

]]> By: Dave K. =D~ http://gm-volt.com/2008/12/09/us-government-inches-closer-to-automaker-bailout-plan/#comment-85203 Dave K. =D~ Wed, 10 Dec 2008 03:15:50 +0000 http://gm-volt.com/?p=1415#comment-85203 12/05/08 United Auto Workers president Ron Gettelfinger testified Thursday that if government help doesn't come soon, "we could lose General Motors by the end of the month." _____________________ Yeah, the old milking cow may be going away. But a restructured GM can live on and be successful. =D~ 12/05/08

United Auto Workers president Ron Gettelfinger testified Thursday that if government help doesn’t come soon, “we could lose General Motors by the end of the month.”

_____________________

Yeah, the old milking cow may be going away. But a restructured GM can live on and be successful.

=D~

]]> By: wwskinn3 http://gm-volt.com/2008/12/09/us-government-inches-closer-to-automaker-bailout-plan/#comment-85199 wwskinn3 Wed, 10 Dec 2008 02:59:34 +0000 http://gm-volt.com/?p=1415#comment-85199 91. KentT - thanks for the information on Ford - I really appreciate it. I wasn't aware of it. Perhaps this will keep the "Car Czar" out of Ford's business. 91. KentT – thanks for the information on Ford – I really appreciate it. I wasn’t aware of it. Perhaps this will keep the “Car Czar” out of Ford’s business.

]]> By: Paul-R http://gm-volt.com/2008/12/09/us-government-inches-closer-to-automaker-bailout-plan/#comment-85187 Paul-R Wed, 10 Dec 2008 01:47:23 +0000 http://gm-volt.com/?p=1415#comment-85187 Tony Gray (#15), I watched the Fox news interview with Bob Lutz, and I didn't think any of the questions were out of line. Their questions were really the same crap-statements the media keeps repeating over and over, but in the form of a question. So in that respect it was actually good that they asked them, because it gave Bob a chance to rebut each one. It was annoying that they kept interrupting Bob before he was finished answering, but Bob can be kind of long winded sometimes, and at least they gave him a final chance to get his points across before the interview was over. Anyway, that was my take. Tony Gray (#15),

I watched the Fox news interview with Bob Lutz, and I didn’t think any of the questions were out of line. Their questions were really the same crap-statements the media keeps repeating over and over, but in the form of a question. So in that respect it was actually good that they asked them, because it gave Bob a chance to rebut each one.

It was annoying that they kept interrupting Bob before he was finished answering, but Bob can be kind of long winded sometimes, and at least they gave him a final chance to get his points across before the interview was over.

Anyway, that was my take.

]]> By: D Lo http://gm-volt.com/2008/12/09/us-government-inches-closer-to-automaker-bailout-plan/#comment-85183 D Lo Wed, 10 Dec 2008 01:34:19 +0000 http://gm-volt.com/?p=1415#comment-85183 I hope GM and Chrysler snub the loans and go bankrupt. Actually I hope it doesn't come to that. There is a saying, as GM goes, so goes the country. I'll be in the basement with nothing but cash and a shotgun. If this isn't the great recession, it will be after 3 millions jobs evaporate. It'll be really great watching people rush the banks causing all $700 billion to go up in thin air. It will be even better when the US government is paying out $25 Billion a month in unemployment, pension and health care benefits. The Bush administration has done nothing right so far; why start now? I hope GM and Chrysler snub the loans and go bankrupt. Actually I hope it doesn’t come to that. There is a saying, as GM goes, so goes the country. I’ll be in the basement with nothing but cash and a shotgun. If this isn’t the great recession, it will be after 3 millions jobs evaporate. It’ll be really great watching people rush the banks causing all $700 billion to go up in thin air. It will be even better when the US government is paying out $25 Billion a month in unemployment, pension and health care benefits.

The Bush administration has done nothing right so far; why start now?

]]> By: RB http://gm-volt.com/2008/12/09/us-government-inches-closer-to-automaker-bailout-plan/#comment-85178 RB Wed, 10 Dec 2008 01:20:06 +0000 http://gm-volt.com/?p=1415#comment-85178 “That person will oversee and help negotiate the restructuring effort and be able to review any expenditure of greater than $25 million.” ===================================== I wonder how long that review will take and how much delay everything in the companies will have to endure to get any decision, one way or the other. One of the aspects of government approvals for anything is that the goals are always described with the most high-minded reasons, and then approvals take a long, long time because of trivial issues or distractions. So even if the decision in the end is correct, often it comes too late to matter. “That person will oversee and help negotiate the restructuring effort and be able to review any expenditure of greater than $25 million.”
=====================================

I wonder how long that review will take and how much delay everything in the companies will have to endure to get any decision, one way or the other.

One of the aspects of government approvals for anything is that the goals are always described with the most high-minded reasons, and then approvals take a long, long time because of trivial issues or distractions. So even if the decision in the end is correct, often it comes too late to matter.

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