[bmstyle71]

Originally Posted by ferrari355fi

dude, we are so beyond fucked that we can't take a bus back to fucked.

Sooo...we're happy that it's gonna be worse? lol

[Bobby_Light]

Glad this bailout failed. I wish all of them failed. The US is bankrupt; we can't afford it. Bailing out poorly run companies is outrageous, and it's even worse when you have to borrow the money from China to do it. All of the money created out of thin air will cause extreme devaluation of the dollar with the consequence being the eventual replacement of the dollar as the world's reserve currency. Where does the govt get the power to bailout failing companies in the Constitution any way?

Originally Posted by bmstyle71

We all seem happy...but isn't this going to fuck the economy even more now? Don't know too much about the subject.

We need a forest fire if you will to clean out the garbage. The more the government tries to intervene the greater the fire will be and the longer it will last. If the free market is allowed to operate without interference, the correction will be severe and quick. If the govt. tries to continue to nationalize major institutions, the recession and eventual depression will be severe and lengthy.

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Originally Posted by bmstyle71

Sooo...we're happy that it's gonna be worse? lol

no, but at this point in time, we all need to mitigate our own losses.

[bmstyle71]

Originally Posted by Bobby_Light

We need a forest fire if you will to clean out the garbage. The more the government tries to intervene the greater the fire will be and the longer it will last. If the free market is allowed to operate without interference, the correction will be severe and quick. If the govt. tries to continue to nationalize major institutions, the recession and eventual depression will be severe and lengthy.

Ahh gotcha. Makes more sense now.

[Jammin Jason]

well if the bailout failed that means all the people who work at the GM factories are getting laid off thus increasing the unemployment rate. With more people in the streets, jobless, more crime...right? correct me if i am wrong.

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Originally Posted by Jammin Jason

well if the bailout failed that means all the people who work at the GM factories are getting laid off thus increasing the unemployment rate. With more people in the streets, jobless, more crime...right? correct me if i am wrong.

no, chapter 11 is bankrupcy protection.

[Jammin Jason]

oh man so we must be expecting a HUGE plunge in the stock market by tomorrow right?

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Originally Posted by 335e90

ya it will have a terrible day tomorrow...1000 pts? No way in hell

anything is possible these days. People said there is no way that firms like Lehman Bros. could go under, now look at them.

[Ryan@Motorwerks]

Originally Posted by ferrari355fi

anything is possible these days. People said there is no way that firms like Lehman Bros. could go under, now look at them.

Dammit, u got my post before I deleted it ya market will probably be down 750-1000 points unless there is some better news in the morning

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Originally Posted by 335e90

Dammit, u got my post before I deleted it ya market will probably be down 750-1000 points unless there is some better news in the morning

haha, I'm just that fucking good.

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Originally Posted by 335e90

Dammit, u got my post before I deleted it ya market will probably be down 750-1000 points unless there is some better news in the morning

ummm what better news? I can't think of anything that could be positive.

[1cleanm6]

so funny how stupid the USA government is. They dont want to give these companies 14 billion dollars, and they are so busy tearing down perfectly fine roads and re paving them around where i live for miles long. How stupid are they?

Anyways no wonder we are so fucked, Unemployment is going to go up, millions are going to lose their jobs, the violence rate will go up, none of these millions who lose their jobs will spend money, they will lose their homes and everything else. Wow amazingly stupid ass move. Its sad how the AMERICAN government cant even stand behind their AMERICAN product. Lets just make China richer. If it wasnt for this stupid oil crisis and the gas prices going up to 5 dollars these companies would be fine i bet, so what did this war bring out, and why are we still there? Lets spend 10 billion a month and jack off the muslims there and let our county suffer.

These are some sad sad sad times, and i really wish this country the best. Who the fuck is running this stupid ass country.

Im very sad to see these companies go and they will very soon...these companies have been around for a long time.

Also for all you idiots laughing and being so company it got turned down, its going to affect you because if they arent spending then your company/business you are isnt going to be bringing in the money. Eventually leading you to lose your job or business. Choose one.

These auto makers eventhough in a bad time, really help the economy, they employ more then 1 percent of the US POPULATION. Every 1/100 person you see.

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Originally Posted by Boosted335

so funny how stupid the USA government is. They dont want to give these companies 14 billion dollars, and they are so busy tearing down perfectly fine roads and re paving them around where i live for miles long. How stupid are they?

Anyways no wonder we are so fucked, Unemployment is going to go up, millions are going to lose their jobs, the violence rate will go up, none of these millions who lose their jobs will spend money, they will lose their homes and everything else. Wow amazingly stupid ass move. Its sad how the AMERICAN government cant even stand behind their AMERICAN product. Lets just make China richer. If it wasnt for this stupid oil crisis and the gas prices going up to 5 dollars these companies would be fine i bet, so what did this war bring out, and why are we still there? Lets spend 10 billion a month and jack off the muslims there and let our county suffer.

These are some sad sad sad times, and i really wish this country the best. Who the fuck is running this stupid ass country.

Im very sad to see these companies go and they will very soon...these companies have been around for a long time.

you are so wrong in so many ways. These companies fucked themselves. They mismanaged so much of their money. And the unions didn't make it any better.

[Ryan@Motorwerks]

Originally Posted by ferrari355fi

you are so wrong in so many ways. These companies fucked themselves. They mismanaged so much of their money. And the unions didn't make it any better.

word. The government really should have no hand this deep in the economy. The automakers fucked themselves and either will get it together or be purged.

[Ryan@Motorwerks]

Originally Posted by ferrari355fi

ummm what better news? I can't think of anything that could be positive.

Companies reporting better than expected profits could help mellow out the situation and make it a little less worse.

[Blake]

Originally Posted by ferrari355fi

you are so wrong in so many ways. These companies fucked themselves. They mismanaged so much of their money. And the unions didn't make it any better.

+100 agreed. those companies have done NOTHING to change their dire situations for YEARS. whether or not this financial crisis has spurred their problems, the writing has been on the wall for a very long time.

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Originally Posted by Boosted335

very soon...these companies have been around for a long time.

Also for all you idiots laughing and being so company it got turned down, its going to affect you because if they arent spending then your company/business you are isnt going to be bringing in the money. Eventually leading you to lose your job or business. Choose one.

These auto makers eventhough in a bad time, really help the economy, they employ more then 1 percent of the US POPULATION. Every 1/100 person you see.

Go look up chapter 11. That is what they will have to file. Well at least Ford and GM will. Chrysler may be gone forever (hopefully ).

[san~man]

Originally Posted by ferrari355fi

you are so wrong in so many ways. These companies fucked themselves. They mismanaged so much of their money. And the unions didn't make it any better.

That, and they had poor foresight into the future and kept building their SUVs and gas guzzlers while neglecting to build more fuel efficient cars. They had no idea that gas would hit $4.40 a gallon and they couldn't GIVE those cars away. Even with the gas prices back to under 2 bucks, people are still hesitant to buy such poor mpg vehicles. Not convinced? Go down to Toyota and check the waiting list for a Prius lol.

I think I read that Ford may be the only one to survive out of the big 3.

Either way, the US loses: Give them the money, we lose. Don't give them the money, we lose.

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Originally Posted by 335e90

Companies reporting better than expected profits could help mellow out the situation and make it a little less worse.

the auto industry is fucked, but at least google made a profit!

Seriously, nothing can ease what can happen tomorrow.

[Ryan@Motorwerks]

Originally Posted by ferrari355fi

the auto industry is fucked, but at least google made a profit!

Seriously, nothing can ease what can happen tomorrow.

that's what you think because you don't know my plan to buyout gm.

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Originally Posted by 335e90

that's what you think because you don't know my plan to buyout gm.

well shit, they'll basically give it away. But do you really wanna inherit the shit storm? I couldn't even imagine doing an internal audit on that place.

[Comet]

I'd inherit it for 20minutes, take a shitload of cars and then sell it to some GM psycho for 20$, along with all the debts and problems..