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The Water Cooler
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Yeppers.....GM Still Sucks
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<blockquote data-quote="TerryMiller" data-source="post: 2365605" data-attributes="member: 7900"><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">While I'm not really knowledgeable about what financing was available at the time, but Ford did operate from private loans. I wonder where they found that source?</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">Also, with regards to the idea that the bailout saved so much in unemployment and such by "saving jobs," one has to calculate in the entire amount of the bailout, not just the 10 billion that won't be repaid. With nearly 50 billion in taxpayer funds given to GM, I doubt that those costs for unemployment and other benefits would have amounted to that much. So, if GM had been allowed to do normal bankruptcy, it might have cost the taxpayers less.</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">Oh, and I really like it when people try to say that government spending is an "investment." As far as I'm concerned, that is pure drivel.</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">While on the farm, my experience with GM and Dodge was totally different from Farmerbyron's. It just goes to show that we all have differing views as to what works and doesn't.</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">Oh, and Ford is still the number one selling truck for over 3 and a half decades.</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p></blockquote><p></p>
[QUOTE="TerryMiller, post: 2365605, member: 7900"] [FONT=Georgia][SIZE=3]While I'm not really knowledgeable about what financing was available at the time, but Ford did operate from private loans. I wonder where they found that source? Also, with regards to the idea that the bailout saved so much in unemployment and such by "saving jobs," one has to calculate in the entire amount of the bailout, not just the 10 billion that won't be repaid. With nearly 50 billion in taxpayer funds given to GM, I doubt that those costs for unemployment and other benefits would have amounted to that much. So, if GM had been allowed to do normal bankruptcy, it might have cost the taxpayers less. Oh, and I really like it when people try to say that government spending is an "investment." As far as I'm concerned, that is pure drivel. While on the farm, my experience with GM and Dodge was totally different from Farmerbyron's. It just goes to show that we all have differing views as to what works and doesn't. Oh, and Ford is still the number one selling truck for over 3 and a half decades. [/SIZE][/FONT] [/QUOTE]
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