I give in. This sucks.

what boring post ….
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BRING JEN BACK!!!
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BRING JEN BACK!!!
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BRING JEN BACK!!!
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BRING JEN BACK!!!
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On the bright side, gas is cheap at the moment.

It’s a well known historical fact that even right up to the days before the stock market crashed on Black Tuesday, October 29, 1929, that everyone said, “It will never happen.” and went on about their way. It wasn’t until newspapers told horrific stories of brokers throwing themselves out of 7th story office building windows that the real panic began. In our life time we are closer to what could be as bad as the Great Depression as any of us has ever come and we’re far from out of the woods yet.

nice one guys

it started with the k-car, and that buick with the carbed 2.8 transverse… I remember it clearly….and that citation. what a nut. Wrong direction then, and wrong direction now. A quick punch to the jaw the old fashioned way turned a head 90….

“They cannot go into bankruptcy, at least not prearranged bankruptcy”
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I meant:
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“They cannot go into bankruptcy unless it’s prearranged bankruptcy”

The truth is like fruit being plucked from many trees of opinion, but one thing is very clear about the U.S. auto makers predicament.
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They cannot go into bankruptcy, at least not prearranged bankruptcy.
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People won’t buy their cars at all, even those who quality for loans… only those with sterling credit.
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This just cannot happen. Sure, people can piss and moan about it all they want but at the end of the day the outcome is obvious and unavoidable. The recession WILL become a depression. Whoever you are, look at the facts objectively and unless you’re brain damaged you must conclude that our economy will slide significantly and we cannot afford that.
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The billions LOANED to the auto makers will pale in comparison to the damage of misguided thought and inaction.
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There is no middle ground on this. It’s clearly a right or wrong answer and the outcomes will be equally as different.

atomicalex,

With all due respect I have probably been involved professionally in the automotive business since before you were born.

Giving credit due where it’s deserved regarding Chrysler without a doubt has to go to Lee Iacocca. Unfortunately, nobody in Detroit seemed to learn from what Lee taught them as they quickly went back to business as usual as soon as he left his post. Too bad considering had they had any brains they would have seen the genius in his model of how to save a business before it’s demise. How ironic that now, during an eleventh hour attempt, they chose to beg for the same including the one you mention and in which they were too arrogant to even consider before right down to accepting a dollar a year pay like Iacocca did.

While other manufactures have not only managed to increase sales, build superior products and (key issue) make a profit the Big 3 has lost their shorts. They did too little too late and now they are paying for such arrogance. As CEO of a successful automotive business I can attest that if there is any single fact in business I have learned it is that any and all success or failures within my corporation rest entirely upon my shoulders. With that in mind it is my opinion that any hard times the automotive industry is suffering can be directly attributed to the way those business’s were mismanaged.

Do I feel bad for those in the auto industry who are sure to be hit the hardest below the belt as a result of all this? Of course I do. Do I have sympathy for any corporate leaders of the Big 3 or anyone who extorted profits for so many years like the unions have and so on… not one second worth.

Gary, you must not work in the industry. About 10 years ago, Chrysler went to all of their suppliers and told them that if they didn’t take a 15% cut in what Chrysler paid for their goods, they would lose their contracts. For a lot of those suppliers, 15% was more than their margin, so they had to fold. To say that the auto industry hasn’t been through hard times since the Great Depression is not accurate. We’ve been the butt of almost every business joke out there for 30+ years, and just as we’re about to pull off the greatest turnaround in history, some idiot banker invents credit default swaps. And then they get bailed out so they can buy more Lamborghinis with their bonuses. Maybe we needed to fail harder or stupider?

I see all this in a different light. Many times in our lives there have been hard times that we thought it things couldn’t get worse. For many it was breaking up with our childhood sweet-heart, or wrecking mom and dad’s car or a family pet that passed away and so many more. The truth is, most of us can look back in retrospect and realize all too often not only did we get through those tough times but in fact those very hardships led us to make changes in our lives that led to far better results than we had ever expected in the first place. Simply put it’s all part of our learning process.

This whole deal with regards to the Big 3 and how it will effect so many others is no different. In fact, aren’t you surprised it took so long to get even this far? In today’s world we have all been under the misconception we could live in a “just charge it” credit card world and never have to pay the Piper. Not true…. the time has come and while it’s going to get a lot tougher before it get’s better, I honestly believe this is history repeating it’s self. In our parents days they had the Great Depression and they learned the real meaning of hard times. Now it may very well be our turn but the end result could quite possibly be that our children might just wake up and smell the coffee and have a far better economy hopefully because they will see hard times first hand.

Like I have always said, If you never taste a sour grape you’ll never truly appreciate a fine glass of wine.

LOL good one GT

Keep your chin up, the game’s not over yet.
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Bush just may end up making one of the best decisions of his whole presidency, ironically at a time when presidents normally have nothing achievable within their grasp.
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Let’s hope for once, George does something right. It should be a no-brainer. I’m amazed how much hypocracy is on Capitol Hill these days, what with 700 billion quickly shelled out for failed banks but they suddenly become frugal when the Auto industry needs a loan of maybe 5 percent of the banks’ aid package.
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They’re concerned about other industries coming to D.C. begging for aid. What industry would be next? The refrigerator and kitchen appliance industry? Sorry, we don’t have one of them. Maybe the cell phone industry? LOL… I got it… the personal lubricant industry!
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no wait… too many people getting screwed… business gotta be good for them.

Well I got some bad news for anyone thay got mad when they let Toyota into Nascar, looks like before long it’ll be nothing but Camrys and Accords. Lol.

Sometimes i wonder how some of those guys get seats in congress. Only so much longer until something HAS to happen. Buy american while you can people, otherwise we are gonna be driving around priuses and corollas.

This sucks but we can easily give money to banks that still barely give a loan and lay people off like it’s nothing. Just makes you mad. Even though I don’t like GM and don’t really give a care about Chrysler It’s going to be sad seeing these companies that built this country go down. But who knows maybe they will all pull through, hopefully they have something under their sleeves.