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Originally Posted by Frosty
Then what exactly did that mean? If you don't expect people buy GM or whatever then why say this? So what exactly did you mean by this? So the "tea-baggers" should buy GM products or STFU? Should be the part of the solution instead of the problem? Is it their fault GM is full of fail? Or was this just another opportunity to slam those that doesn't share your point of view?
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Tea Baggers should STFU, but for a totaly different reason. They dont want to buy GM cars, so be it. I find it silly that if the Tea baggers are so American, and so for American people and Buy USA, etc etc, then they would rather buy Toyota products over a GM product because of the goverments investment. When I bought my Malibu, I sure as hell looked at other brands, and there is a lot to pick from. But with several factors tied in, one being an American made vehicle, made by a brand I love, not to mention is a pretty nice car and drives very well and offerd everything I wanted.
People are not making that decision and I guess that fustraits me more, but to each thier own.
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I'm not trying to start trouble but I thought it was odd that you'd say something like that in a criticizing manner yet you say people should buy what the want...kind of...odd. People not wanting to buy GM products due to them receiving our money is absolutely a valid reason to look elsewhere. While I personally don't think that way the reason has a lot of a validity to it. Again, I'll say it again....if it turns out there's something fishy going on their books and loan repayment I'll never buy a new GM product again, I don't care if they want to give me a new SS for $100.
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Well thats up to you, and to be honest I think that if GM was caught doing some seriously shady stuff with the books (above normal big corp shenanigans) then I think that will turn me off as well.
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Originally Posted by transmaro93
Al you cant compare ford to GM, just for the main reason that aford didnt take a bail out. If ford fails the only people taht hurt (besides employees obviously) are the people that willing invested in the company. The American people as a whole were forced without asking to invest in GM. I mean i don't have to explain my self in this thread you know how i feel and we've had numerous discussions on this topic, but i will say that its a huge **** story, because like said about unless they become very profitable they are just going to keep borrowing whether its from a bank or the govt and when will it stop?
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I can compare Ford to GM. Ford also recieved money from the goverment in nearly the same way GM did, through a DoE "bailout" if you will. Its an intrest free, pay it back whenever you want loan that has no strings attached.
The difference between Ford and GM is that Ford sold its soul to the banks,a nd GM sold its soul to the goverment. Ford just did it before the banks dropped funding and Ford's credit went into the **** house. In fact, Ford's move to mortage the whole company was seen as a very risky and possibly very harmful move in late 2007 when they had no new product, no vision, nothing while GM was turning out better and better product.
Also, the investment into GM was made prior to this current adminstration so I hope you are not tying it down to the current President.
To Steve's comment about writing down 13 billion dollars, that was part of the VEBA contract. GM and the UAW was praised and still should deserve praise for what they did with reducing massive amounts of money pouring into benifits. Our current state government could learn something from it. You think the teachers union in a little state like NJ is bad? They got the UAW to budge on a LOT of stuff.
The UAW and GM employees have a very nice benifits package