Wait...wait.....AIG gets 150 billion but GM asks for 50 billion and people say no!?!?!?!

Compared to what AIG has done GM is a saint.

GM was stupid not to make the manufacture process more flexible and timely and didn't switch to more fuel efficient cars but to say they need to fail while the Bush admin has given AIG 150 billion is like beating a toddler for peeing in the bed while praising the teenager for burning down the house (GM is the toddler).

Also, name another AFFORDABLE mass produced series electric car that will be selling the next 3 years?

GMAC is a bank, there's no reason the Bush admin should be telling them to go screw themselves while giving all other banks bail out money to do as they wish.

GM isn't perfect but allowing it to fail by NOT funding it's banking division GMAC is bass akwards

Your opinion?

Thx

and the owners get the lifeboats, serf!

One of these will be on the road in 2010.



http://www.usatoday.com/money/autos/2008-09-23-chrysler-electric_N.htm

The bailout doesnt seem to be working. I think that makes people just a bit nervous.

the people working at AIG and running AIG are suits and ties type. GM has oh my stars and garters union workers and nothing makes the hate come from the right wing like union workers. hell if they can force GM into Chapter 11 they win. The Unions will be forced to pretty much take whatever they are given. It would be one last win for Reaganoics.

after being strangely quiet the past week and they all seem to be anti-bailout--and anti-union.

We are seeing a lot of that sentiment on DU also. I don't think people realize how many related industries to the big automakers will fail as a result of not helping them. When I was phonebanking for Obama, I spoke with a couple of people in Indiana who had been laid off from some of these related industries (parts, aftermarket, etc). One guy had his job outsourced to Mexico, another guy's company closed because GM had tightened its belt and given its business to a cheaper competitor. We will see a domino effect if GM and Ford fail. We're talking millions and millions of middle-class jobs going away.

...amount of work Obama has to do.

the money on an executive spa retreat that will "stimulate the economy"

Seriously the people at AIG are crooks. Plain and simple. They should have to pay back the federal money used on executive compensation and vacations at a payday loan interest rate. These execs should not be rewarded for driving their company into the ground.

Their loses result in insuring debt that went bad not from an inefficient business model. Also an AIG failure would take down hundreds if not thousands of banks.

The auto makers are losing money from their basic operations, not bad loans.


I think that they should be assisted, but after a restructuring not before;

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x7867213

The idea that people are equating these situations is mindblowing to me.

Oh well.

:silly:

...and AIG took that to mean they can do as they want when the want

The Volt is viable, GM has an exit plan beyond it's stupidity and could corner the US market in efficient car manufacturing.

then they can be profitable again.

GM is a money hole and losing $6 billion each quarter and there isn't an easy fix. The Volt will help, but it will be too little too late especially in this economy.

...right now that has a series electric drive plate for and a 40 mile charge BEFORE the gas engine kicks in.

The average commute in America is around 20 miles...this = no gas ever

I'd throw a national security tag on the car

It is a great idea, but it might be a couple of years before it becomes profitable for GM.

<<Also an AIG failure would take down hundreds if not thousands of banks.>>

Yeah, including, importantly, JP Morgan/Chase. Therefore, cannot let them fail.

Otherwise the government has no way to borrow money.

Just pointing that out.

it's about helping Bush family interests, not helping Americans

AIG's model is at least sustainable when the credit crunch is over.

...and seeing that GMAC is a banking arm of GM there's NO REASON why the Bush admin should be telling GMAC to screw themselves

They can't get money to keep their business going. The credit crunch is a problem created by the financial institutions that we bailed out. But now we don't bail out the companies who's biggest immediate problem is that they can't get money because of the financial institutions' mistakes? It makes no sense.

No?

Sorry, no money then.

But unfortunately politicians are not employed by GM, whereas they do have investments.

Nice little "fuck you" to the people, eh?

at the thought of the auto companies, and thereby the unions too, going down. I think any bailout will have to wait until Jan. 20th.

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Besides, how many times does the nation have to be waltzed down the primrose path by the auto industry? We've bailed the auto industry out before and for naught.