Subject	Re: A GM bankruptcy alone will cause 2.5 million job losses
Posted by	darkmann on November 22, 2008 at 11:59 AM
	This message has been viewed 120 times.
In Reply To	A GM bankruptcy alone will cause 2.5 million job losses posted by aliaZ on November 22, 2008 at 11:48 AM
Message	Can't bail them out but the we can't let them fail. A structured bankcrupcy is the only way to get them straight. Whatever the structure is, it should include assurances that customer warranties will be honored. It can be done. Just giving them a blank check will not solve the problem, and I don't think that BO will stand for that, even is some dems in congress want to do that.
Follow Ups	I don't think the government should lift a finger to bail - robo (sebring1970) 10:48:21 11/22/08 k (n/m) - Guapo 11:02:33 11/22/08 I think... - Waggz 11:07:45 11/22/08 Okay, who is going to build the engines to power - Machtavian 11:30:01 11/22/08 not to mention the economy - aliaZ 11:35:52 11/22/08 Agreed, but handing them a blank cheque is only going to - MixManMash 11:37:14 11/22/08 that is why they need a business plan detailing how they're - aliaZ 11:43:16 11/22/08 This is the correct answer. - Z_Cherub 14:20:51 11/22/08 In the end, I think BO will take them over... - Machtavian 11:44:53 11/22/08 the stock market agrees with you - aliaZ 11:49:58 11/22/08 No it doesn't. - Evan(CA) 12:21:47 11/22/08 well it certainly won't get any better now.... (n/m) - Multi_Read (MO) 13:16:33 11/22/08 History has shown that the market dips in a election year. - Spongerider :) 13:22:52 11/22/08 Please explain how the mortgage meltdown is Bush's fault? - aliaZ 14:05:09 11/22/08 I was not talking about that. I was talking about how he - Spongerider :) 14:10:59 11/22/08 No, I must have missed that - aliaZ 14:16:43 11/22/08 I'm sure it's on still onYoutube. When I have the time I'll - Spongerider :) 14:23:15 11/22/08 ... - aliaZ 13:24:38 11/22/08 It's just continuing the course it was put on. - Evan(CA) 13:29:35 11/22/08 there is no denying the economy is in bad shape - aliaZ 13:40:59 11/22/08 Absolutely but it's not Obama's fault. - Evan(CA) 13:50:44 11/22/08 no worries (n/m) - aliaZ 17:40:13 11/22/08 Market price is based on feelings - not a true gauge. (n/m) - ZiNnYc 14:02:33 11/22/08 indeed - aliaZ 14:17:45 11/22/08 lol...the investors do, but yeah (n/m) - ZiNnYc 22:13:23 11/22/08 yeah big mistake maybe we should have elected Bush - ztunerz 10:38:52 11/23/08 tru dat.. (n/m) - KongZTT GT28RS MD 14:02:47 11/22/08 Nissan :D (n/m) - MixManMash 11:36:03 11/22/08 Doesn't matter...Obama will castrate our military forces - Hawkin"Z" 18:54:09 11/22/08 Can you please elaborate - ZXRider(SoCal) 19:16:35 11/22/08 our nation wasn't attacked due to insufficient funds. (n/m) - ZiNnYc 22:15:07 11/22/08 no kidding (n/m) - ztunerz 10:45:33 11/23/08 Re: Doesn't matter...Obama will castrate our military forces - ztunerz 10:44:37 11/23/08 Agreed. I think that the only way the can survive in the - MixManMash 11:35:45 11/22/08 would you buy a car from a company - aliaZ 11:38:20 11/22/08 Many of the airlines filed bankruptcy, and have bounced back - WoodmanZ 11:48:12 11/22/08 apples and oranges - aliaZ 11:52:44 11/22/08 You beat me to it:) (n/m) - Machtavian 11:58:21 11/22/08 2nd. - SuparexTT 12:52:59 11/22/08 Right again. (n/m) - Z_Cherub 14:25:19 11/22/08 You're comparing apples to oranges... - Machtavian 11:57:37 11/22/08 of course, that is an issue, but there are ways around it... - MixManMash 11:54:29 11/22/08 Sad thing is most of us wouldn't own one of their cars - John@Z1 12:50:09 11/22/08 Huge 2nd. (n/m) - Evan(CA) 13:02:31 11/22/08 A GM bankruptcy alone will cause 2.5 million job losses - aliaZ 11:48:03 11/22/08 Re: A GM bankruptcy alone will cause 2.5 million job losses - darkmann 11:59:30 11/22/08 Yep - has to be highly structured, but something does - jzack 15:34:37 11/22/08 Re: A GM bankruptcy alone will cause 2.5 million job losses - txq45 12:27:24 11/22/08 False, cite the credible site? - Spongerider :) 13:16:00 11/22/08 2.5M is high just for GM. That would be if all 3 fail. (n/m) - BigTDogg (MA) 13:23:54 11/22/08 I'd still like to see a creditable site or article? (n/m) - Spongerider :) 13:29:27 11/22/08 google it, and then select what you consider to be credible - aliaZ 13:37:19 11/22/08 Yup, nothing credible. (n/m) - Spongerider :) 13:56:42 11/22/08 what do you consider credible? CNN? (n/m) - aliaZ 14:06:30 11/22/08 Some facts from GM them self. - Spongerider :) 14:19:38 11/22/08 I don't think GM will ever be that forthcoming - aliaZ 14:26:22 11/22/08 Try running a small business. - Z_Cherub 14:29:59 11/22/08 It's hard trust me, I got lost one due to their corporate - ghostinator (fl) 08:27:06 11/23/08 Z_Cherub, how is your business part of the 2.5 million - Spongerider :) 15:43:22 11/23/08 English aside... - Z_Cherub 18:09:13 11/23/08 Hmm, - Spongerider :) 01:07:17 11/24/08 My mistake. - Z_Cherub 08:12:43 11/24/08 Classic Side Stepper. - Spongerider :) 11:30:58 11/24/08 I'm pretty sure that you and I are the only ones still - Z_Cherub 12:49:00 11/24/08 there is no real proof - aliaZ 13:02:49 11/24/08 2nd. Whatever the exact number turns out to be in reality - Z_Cherub 13:15:01 11/24/08 Have you read the latest on GM? - Spongerider :) 14:07:07 11/24/08 Sorry to hear :( - Z_Cherub 17:59:32 11/23/08 I've seen that number, but I'd say it's inflated. - RSR 05:44:01 11/23/08 breaking up the unions should be the first step (n/m) - 300zx16 11:57:00 11/22/08 I strongly agree... (n/m) - Machtavian 11:59:33 11/22/08 Re: breaking up the unions should be the first step - ouikikazz 12:06:02 11/22/08 Which can only happen in a managed bankruptcy (Chapter 11).. - MixManMash 12:08:18 11/22/08 indeed (n/m) - aliaZ 13:38:13 11/22/08 Not the unions fault. How about Govt pay healthcare like Jap - teahead 13:42:11 11/22/08 apparently you've never worked in a union environment (n/m) - aliaZ 13:52:10 11/22/08 False (n/m) - Adam (NoVA) 16:26:05 11/22/08 Do the math. - LiftedCracker 16:39:27 11/22/08 kill the unions, restructure management - jkeyser14 21:48:56 11/22/08 $73/hour? that is just rediculous. (n/m) - RedSER13 09:37:55 11/24/08 Um, Goverment = the people in the U.S. - Dustin 22:24:10 11/22/08 i couldn't agree more. (n/m) - RedSER13 09:39:11 11/24/08 I don't think this is the proper forum for that discussion.. (n/m) - PennStateZ (VA) 12:31:46 11/22/08 There have been plenty of threads about the C6/Z06 vs Z - Z_Cherub 14:31:08 11/22/08 Because it's an entirely different topic. - PennStateZ (VA) 22:34:09 11/22/08 Fair enough, but let's face it... - Z_Cherub 17:55:23 11/23/08 I think they should. Thursday bought 100 shares of GM @3.12 - Gordo 93TT Daytona 12:36:05 11/22/08 True, the UAW is definitely largely at fault, as are - BigTDogg (MA) 12:42:31 11/22/08 Chapter 7 is worse. Chapter 11 doesn't necessarily mean - MixManMash 13:35:19 11/22/08 Re: I don't think the government should lift a finger to bail - Black95 13:00:54 11/22/08 Yup let the greedy F#**s burn. - Evan(CA) 13:01:28 11/22/08 I hate Nascar but it's serious question... what happens? - SuparexTT 13:02:33 11/22/08 Doesn't Ford provide engines for the IRL? or was that CART? (n/m) - SuparexTT 13:20:51 11/22/08 Maybe it will be the death of Nascar. I'm not complaining.. (n/m) - MixManMash 13:36:26 11/22/08 the real question is: - ZEngineer 13:54:04 11/22/08 The First Socialist Bank of US Taxpayers (n/m) - Adam (NoVA) 16:27:37 11/22/08 China (n/m) - CaliguyPurdue (redesigning) 21:25:56 11/22/08 Auto industry isn't getting it anyway. (n/m) - ZiNnYc 13:58:53 11/22/08 The CEO of GM and Ford were asked if they would work - AZHeat 14:18:45 11/22/08 Let the ones responsible drown, not the industry. - Waggz 14:51:01 11/22/08 What tools those guys were -- didn't at least have the - jzack 15:29:35 11/22/08 Would you work for $1 per year? - Dustin 21:21:30 11/22/08 seeing that they are already multi millionaires, why not? - Waggz 10:05:37 11/23/08 X2. If you pay me 15 mil. this year, I'll work for free - ChazZ 22:14:37 11/23/08 I think you missed the point . Chrysler CEO offered - AZHeat 10:44:51 11/23/08 They should've thought about this - ZXRider(SoCal) 16:19:05 11/22/08 The top one wasn't a "bad" idea. - SuparexTT 19:07:12 11/22/08 The HHR was GM's answer to the PT Cruiser - NytWolf 21:43:45 11/22/08 hard to be competitive with union labor... - CWRaab(philly) 18:02:37 11/22/08 Unions are not the problem... - icsamerica 23:44:15 11/22/08 so it is ok to bailout incompetent banks - ironhawk_ca 19:49:11 11/22/08 No one ever said that - jkeyser14 21:51:46 11/22/08 Exxon should bail out GM ;-) (n/m) - Got Z? 21:22:24 11/22/08 A bailout isnt going to prevent the Big 3 from closing - Ballistic 10:29:20 11/23/08 Obama is so screwed. I don't think anyone can fix this mess. - zmaxsystems 02:30:30 11/26/08
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