Is General Motors Worth Saving?

[IAMX 3,055]

Many people warned that Bush's tax cuts to the rich going long term this would fck up our economy.

Ahh so that's what happened! It wasn't the subprime mortgage crisis that fukced up our economy - it was the Bush tax cuts!

Somebody call Bernanke and Paulson! All they have to do is raise taxes and the economy will fix itself! LOL

Evidently those lower wages people had which made it difficult to pay off their silly ARMs wasn't due to a long term tax increase. Jesus H Christ we have another winner here. Call Darwin. He has an award to present.

Dude, do you even understand what you're saying? It's so dumb, one would think you'd be embarrassed to utter it.

Dude, I sure do. Your inability to comprehend it doesn't equate to it being dumb. You should be re-thinking your assessment of what's dumb in this case.

[IAMX 3,055]

Anyways, on to more useful things, rather than wasting my time on #######..

spooky, you mentioned 2 million people. From what I see, GM has 250,000 employees. So again, where are you getting these numbers of 2 million out of a job if GM fails?

[spookyturtle 9,466]

Anyways, on to more useful things, rather than wasting my time on #######..

spooky, you mentioned 2 million people. From what I see, GM has 250,000 employees. So again, where are you getting these numbers of 2 million out of a job if GM fails?

I read that number somwhere that it included all the related companys that GM does business with. I don't remember the source so I can't verify it's accuracy.

[spookyturtle 9,466]

Anyways, on to more useful things, rather than wasting my time on #######..

spooky, you mentioned 2 million people. From what I see, GM has 250,000 employees. So again, where are you getting these numbers of 2 million out of a job if GM fails?

Found it.

http://www.msnbc.msn.com/id/27575144/page/2/

Read the first page too. This number was based on losing half of the auto industry. If Ford or Chrysler goes, it would be even higher. It would have a devastating effect on the economy.

Edited November 14, 2008 by spookyturtle

[IAMX 3,055]

Ok, so cutting my blunt opinion aside and analyzing the situation, to put it in perspective, Wal-Mart has 2 million employees. It looks quite a bit like the impact of GM going bankrupt is greatly exaggerated. Even if GM goes bankrupt, who is to say they'll assuredly fold? Reading some news articles of late it saves them nearly 3x as much to let go of older employees and hire new ones. They'd restructure their employment, hopefully export their board to some third world country (preferably where they torture), and I have a feeling they'd also get bailed out by Democrats. I don't see Republicans taking a ####### on a clearly big American name brand. I have a feeling GM will be a-ok, as much as I wish we'd trim the fat.

[Donna A 4]

cutting 250,000 gm jobs also cuts jobs such as.....

tire jobs

rim makers

axle makers

joint forgers

transmission builders

gear makers

seat producers

cusion makers

glass manufacturing

molded trim and facia makers

paint formulators

coaters

stamp plants

sub assembly assemblers

light manufacturing

forward and signal lighting

modular component plants

electronics producers

wire harness assemblers

and many many tier 2 suppliers that supply the tier one manufacturers.

ie: the little guys in small towns across AMERICA!

lets not forgot....

police and fireman (because less city taxes will be collected resulting in cuts)

resturant workers (because no one will have the extra money to eat out)

this is where the 2 million figure is coming from. probably a low figure.

and dont put it past the auto workers...alot of them are educated but found they could make more money at a factory then working in their own field. so never say no one is as educated as u...u dont know what people really have as far as educations.

Edited November 14, 2008 by Donna A

[Donna A 4]

forgot to add....

School teachers ( Can't pay taxes if not working) also no new levees will pass because no one will have the money for these types of things. so ur childrens educations are going to suffer.

Local Building Contractors, Plumbers, Heating & Cooling contractors

even foreign car makers are going to suffer...no one will be buying their cars either. no money equals no money.

need i go on?

Edited November 14, 2008 by Donna A

[joelunchbox 0]

Does anyone actually look around when they go into a dealership?

I bought a new car last year from GM. No one held a gun to my head and said buy this gas guzzler.

I drove out in a 26 city/30+ hwy car. No problems after one year/20,000 miles.

And it was a good price too.

Yes, we should help GM and the others.

Otherwise we will be stuck with sh**box imports. Ugly. Say it, and then say it again until you get used to the taste of it.

[Niels Bohr 72]

I just want to cover this post as far as my opinion is concerned.

GM isn't worth saving unless they decide to give me a hybrid.

[Donna A 4]

I just want to cover this post as far as my opinion is concerned.

GM isn't worth saving unless they decide to give me a hybrid.

how about moving to cambodia and walk where u need to go.. thats even cheaper then a hybrid.

[Niels Bohr 72]

I just want to cover this post as far as my opinion is concerned.

GM isn't worth saving unless they decide to give me a hybrid.

how about moving to cambodia and walk where u need to go.. thats even cheaper then a hybrid.

LOL

True. I miss Cambodia.

Edited November 14, 2008 by Niels Bohr

[Craneman 2]

You sir, give give having an education a black eye?

How about if 2 million are also looking for your job?

That would mean there's approximately 15 jobs in the state of California. My concern would be of something much greater than a job if this were the case.

I meant the 2+ million people who would be affected by the collapse of the auto industry. Where are they going to find jobs in an economy of that scenario?

I doubt the 2 million people in the auto industry have my education.

I also doubt those amount of jobs would disappear overnight, if there's even that many in this state in that industry. Why? Because cars would not disappear off the roads, and would not stop bring produced. The world doesn't begin and end with GM. Although, that would be a great marketing campaign for a bailout.

[Saddle Bronc 124]

[Craneman 2]

If GM files bankruptcy it soed not mean that it ceases to exist.

It would not mean the end of the auto industry.

Allow for restructing, a much stronger, profitable and resposive company would more than likely emerge.

Bankruptcy does not mean death.

[spookyturtle 9,466]

forgot to add....

School teachers ( Can't pay taxes if not working) also no new levees will pass because no one will have the money for these types of things. so ur childrens educations are going to suffer.

Local Building Contractors, Plumbers, Heating & Cooling contractors

even foreign car makers are going to suffer...no one will be buying their cars either. no money equals no money.

need i go on?

But SRVT doesn't think this is a big deal at all. I do. I think it will devastate the economy.