TexasBred":x8rvvjif said:
show time":x8rvvjif said:
I just heard on the news that GM is expecting to earn $136 billion in the year 2009. So why is the government even considering giving them more money, which just happens to be pocket change to them?? The rich get the poorer's money? Why wouldn't the government just give middle class, hard working families at risk, say $100,000? That would wipe out many ppl's debt, other's would invest (real estate/stocks), and of course there are those that would blow it on material items, which would help stimulate the economy. I may be a simple country girl but my plan makes more sense to me than the "higher" educated government officials!
Please add your comments, suggestions, and of course feel free to "rip me a new one"!
Why give money to anybody? Make them earn it. As for the so called "bail out". We're not bailing out GM, Ford, Chrysler...we're bailing out the UAW. Amazing I heard yesterday that in 2007 GM and Toyota basically sold the same number of vehicles world wide. GM lost about $35-40 billion...Toyota made $15 billion on same sales.
Did you also "hear" that Toyota managers make about three times what the higher paid hourly employees make while American car company managers make millions each year? Did you also "hear" that, while their official retirement age is fairly young, most Japanese work until they're 70 because their retirement programs are so bad? Did you also "hear" that in Japan there's a government run universal health care program, unlike here in the US where companies are responsible for employees and retirees insurance? Yeah, they may sell the same number of cars, but you can't blame the just UAW for the difference in profit.
Some people hate the unions so much, they'll see an entire sector of the economy go down. Good for the unions for standing up for themselves. Asking workers in Michigan to take the same pay as a guy in GA is unreasonable. School teachers don't make the same in TN as MI. Why should auto workers? The costs of living are different. Working conditions are different.
What makes me maddest is that when they requested $700billion for the bankers and high finance, the there was very little complaining from Congress. Here, guys, here's your $700billion. Invest it in those toxic mortgages. Now they're saying that GM, Ford, etc., don't have enough "equity" to get any money from the government? They're the ones who actually MAKE something, provide thousands of jobs, affecting millions of other jobs and businesses!
If GM goes down and all those people lose their jobs, their suppliers go down, the businesses that provide services for GM employees go down, then demands on unemployment, pressure on emergency room medical care, individual bankruptcy, etc., are going to cost the US tax payer a lot more money than this proposed bail out.
And, BTW, virtually every country with a car industry has given them financial support to stay in business, except the US.