We were tricked....

[Gen]

Re: We were tricked....

well lets take GM for instance. is it even worth going into bankruptcy (figet bailout) ?

dat mean seh all a dem suppliers get sheg, apparently they are burning cash at about 2 billion a mth \0/

i am just speechless as to why dem (and everyboddy) did continue with operations for the past 2 years as if dem nevah see dis coming

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">do you reallyt hink the US is in danger of failing? just like Enron and worldcom and the big airlines that failed the economy will recover.

I think any of the Auto makers who are in trouble shoudl be allowd to go into bankrupcy ..the profitable parts f the company will survive (for example the saturn division of GM to name one)
any banks who are in troubel should be closed byt he regulators. </div></div>

[RichD]

Re: We were tricked....

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Seveen</div><div class="ubbcode-body">
the USA has to produce products not just be the big consumer

if the auto industry wants money i think the factories need to be re-tooled now for energy efficient low cost cars - not just throw money and make the same old cars no one wants </div></div>

i agree with that

im thinkign that the devision of the big auto makers that are makign cas that people want will continue to exist..others will go by the wayside...the auto makes like toyoa and honada and nissa making cars int he US will expand to pick up the sleack ..measure can be put in place to encourage these automakets to source more of thei parts locally (not talking tariffs and the like ) parts makers can be give loans to speed up the retooling to supply these surviving automakers.

[Gen]

Re: We were tricked....

energy efficient cars ? heck it's time to strat producing low cost vespas and bicycles for the consumers. manufacturing the big gas guzzling SUVs should have been halted 2 years ago, when the housing crises was well underway


<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Seveen</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Tuff Gong</div><div class="ubbcode-body">

do you reallyt hink the US is in danger of failing? just like Enron and worldcom and the big airlines that failed the economy will recover.</div></div>
Examine your statement.
But let me answer:
Yes the USA is in danger of failing...right now the USA is on the cusp of losing it AAA Credit Rating!
Yes it has failed before!
Yes it will recover.
</div></div>

ok so having said that do you see a path where bailout money can fix the problem without creating greater problems down the road?

</div></div>


the USA has to produce products not just be the big consumer

if the auto industry wants money i think the factories need to be re-tooled now for energy efficient low cost cars - not just throw money and make the same old cars no one wants

[Gen]

Re: We were tricked....

it kinda too late fi dem shift gears so to speak nuh choo, but yes the entire industry needs to reinvent itself

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Seveen</div><div class="ubbcode-body">
the USA has to produce products not just be the big consumer

if the auto industry wants money i think the factories need to be re-tooled now for energy efficient low cost cars - not just throw money and make the same old cars no one wants </div></div>

i agree with that

im thinkign that the devision of the big auto makers that are makign cas that people want will continue to exist..others will go by the wayside...the auto makes like toyoa and honada and nissa making cars int he US will expand to pick up the sleack ..measure can be put in place to encourage these automakets to source more of thei parts locally (not talking tariffs and the like ) parts makers can be give loans to speed up the retooling to supply these surviving automakers. </div></div>

[RichD]

Re: We were tricked....

not taking shifting gears ..im talkign let the losers die a natural death ...the ones making what people wantto buy will survive and take up the slack ....the demand for vehicles will not disappear if GM and ford and chrysler disappear...somebody will have to provide them

[Tuff Gong]

Re: We were tricked....

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Seveen</div><div class="ubbcode-body">
the USA has to produce products not just be the big consumer

if the auto industry wants money i think the factories need to be re-tooled now for energy efficient low cost cars - not just throw money and make the same old cars no one wants </div></div>You are right the money should be handed over with a caveat that it will be for leaner, greener, better automobiles and related products.
I am no great fan of the USA Auto Industry, it was the so-called Big Three that conspired to force the Fed to build Highways and dualize roads so that private vehicles would be able to edge out Public Transport. They have been at the forefront of many reactionary practices that put profits before consumer, however they employ millions for workers directly and indirectly.

[Seveen]

Re: We were tricked....

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Seveen</div><div class="ubbcode-body">
the USA has to produce products not just be the big consumer

if the auto industry wants money i think the factories need to be re-tooled now for energy efficient low cost cars - not just throw money and make the same old cars no one wants </div></div>

i agree with that

im thinkign that the devision of the big auto makers that are makign cas that people want will continue to exist..others will go by the wayside...the auto makes like toyoa and honada and nissa making cars int he US will expand to pick up the sleack ..measure can be put in place to encourage these automakets to source more of thei parts locally (not talking tariffs and the like ) parts makers can be give loans to speed up the retooling to supply these surviving automakers. </div></div>


i lived through the first Buy American &quot;revolution&quot; (protectionism)and it did help the economy

outsourcing and the global economy are the culprits

ask yourself &quot;is this local?&quot; when you buy things for a few weeks

walmart's profits went up - but most of those products are from china

and the chinese are trying to kill us off - so they can solve their over population problems

[RichD]

Re: We were tricked....

im not suggesting that kind of measure

[Seveen]

Re: We were tricked....

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Tuff Gong</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Seveen</div><div class="ubbcode-body">
the USA has to produce products not just be the big consumer

if the auto industry wants money i think the factories need to be re-tooled now for energy efficient low cost cars - not just throw money and make the same old cars no one wants </div></div>You are right the money should be handed over with a caveat that it will be for leaner, greener, better automobiles and related products.
I am no great fan of the USA Auto Industry, it was the so-called Big Three that conspired to force the Fed to build Highways and dualize roads so that private vehicles would be able to edge out Public Transport. They have been at the forefront of many reactionary practices that put profits before consumer, however they employ millions for workers directly and indirectly.
</div></div>

the re-tooling would provide jobs almost immediately
i'm sure the big three have the plans for &quot;the cars of the future&quot;
but if you've ever visited a auto factory you know the &quot;line&quot; is made for a particular type of car
that's what makes it so hard to change gears (so to speak)

[Seveen]

Re: We were tricked....

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">im not suggesting that kind of measure </div></div>

it has been purported that it is cheaper to buy an Irish potato in jamaica than a Jamaican potato

[RichD]

Re: We were tricked....

yesterday i hear that the Big three hourly cost was $73 where as Toyota's hourly cost was $ 50 and honda and nissan were in the $45 range (this was a comparison of US based manufacturing operations)

[Tuff Gong]

Re: We were tricked....

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">not taking shifting gears ..im talkign let the losers die a natural death ...the ones making what people wantto buy will survive and take up the slack ....</div></div>That will be zero USA Automaker unless you count Toyota, BMW, Nissan and Subaru as USA Automaker. The point about this argument is not necessarily about the Banks or the Auto-Industry is a about the USA Economy.

In a good economy even the failure of an ENRON, a WorldCom or a TYCO hits the USA Economy but does not imperil the World's Economy. The failure of any one or all of these in a bad times imperil the Whole World because of the deep rooted linkages to all the producing world's economy.

With the strength of China and India and the rest of Asia as big export economy the USA and Germany is important not only as consumers, but a producers of tooling and die, shippers, Investors, Bankers, providers of food, entertainment and tourism destination.

If <span style="font-family: 'Arial Black'">XXX-Large USA Firm</span> fails, what will become of:
AIDS Vaccines to Africa?
Student Researchers in Burma?
Agricultural exports to so-called poor countries?

It is important to overstand that we live in a Series-Parallel Universe where some are in since with 21st Century development and others are still one step up from Hunter Gathers and is very dependant on the 21st Century Developed World.
<span style="font-family: 'Arial Black'">Second Life is not just a Virtual Game and Monopoly Money depends on Brick and Mortar Bank!</span>

[evanovitch]

Detroit, the City, not the motorcar companies, add its plea

for a bailout...mi had was fi lafff wen mi hear it cause di smaddy sidekicks did a wonda if is Kwame did a look a bailout from him current residence hall but the city is practically bankrupt an dem want a bailout too...tink dem asked fi 50B

[Tuff Gong]

Re: We were tricked....

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Seveen</div><div class="ubbcode-body">walmart's profits went up - but most of those products are from china...</div></div>...but sales are tightening, there are deep cuts in service, more security to stop loss and steep discounts. I went into the newly redesigned giant Wally World store here night before last (I had sworn off ever stepping into one before the Elections because they were holding meetings against Barack).
Anyway it was shortly after 12 Midnight. 5 workers finishing up the reconstruction, 10 restocking the shelves and one cashier and 10 checkout registers. One lady at the door checking your receipt for even the merest purchase.

[Shine_Eye_Girl]

Re: We were tricked....

oonu ah watch Bush chat him rubbish?