The Washington Independent - Latest Comments in Bigger Than Detroit

Re: Bigger Than Detroit

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issue Underlying Auto Bailout Is the Future of U.S. Manufacturing.
who knows??

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“Chapter 11 quickly becomes Chapter 7,” Krugman said on “This Week, “which is liquidation. So we actually see the thing disappear.”

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A bankruptcy in the airline business is different, Schmitt claims, because travelers tend not to care much about the long-term financial health of their carrier.

Re: Bigger Than Detroit

furniture stores — Sat, 04 Sep 2010 05:23:49 -0000

If the big 3 fail, will the supply of vehicles into the market not be provided by Toyota and other manufacturers (Hyundai, Honda, BMW etc) based in the US? These companies seem to be doing well in the US and would probably expand if Foord and co were to go under.

Re: Bigger Than Detroit

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The performance of the companies has led many bailout critics to wonder aloud why anyone would want to save them. “People who say General Motors is too big to fail have not noticed that it has failed,” conservative commentator George Will said Sunday on “This Week.”

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Re: Bigger Than Detroit

louis vuitton — Sun, 01 Aug 2010 09:09:56 -0000

I am really not into Auto Bailout. We should not reward poor management, negotiation and decision making. Lets face it, The Big Three lacks creativity.

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The first thing I will do is go bankrupt and then go on medicare and just end up sucking from the government.

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In the meantime, GM says that the decision to reverse terminating 661 dealerships, and possibly more, could lift market share. payday loans canada

Re: Bigger Than Detroit

ClubPenguinCheats — Sun, 23 Aug 2009 01:57:13 -0000

Will we ever work again? Or will it be just at McDonalds? No more middle class jobs. The first thing I will do is go bankrupt and then go on medicare and just end up sucking from the government.

Re: Bigger Than Detroit

honda accessories — Fri, 05 Jun 2009 04:18:42 -0000

I am really not into Auto Bailout. We should not reward poor management, negotiation and decision making. Lets face it, The Big Three lacks creativity.

Re: Bigger Than Detroit

Lil' Wayne — Fri, 15 May 2009 05:02:54 -0000

For the Big three, they should stop pushing thousands of vehicles out every year when they still have the previous models on the lot.

Re: Bigger Than Detroit

fourby4 — Thu, 05 Mar 2009 01:01:43 -0000

The dilemma is the domestic's work costs are still based on the standards only made achievable by monopoly power.
However does anybody sincerely consider this car bailout is regarding liquidity?

Re: Bigger Than Detroit

Dave — Fri, 21 Nov 2008 15:33:45 -0000

Check into what the UAW has done to the big 3....they are supported by the Democrats...
they get paid more than double thatn what the worker at the Toyota/Honda plant get for doing the same thing and even get paid when the plant closes early when the line is stopped to contol output..... The UAW is a big part of the problem....actually it is a huge part of the problem
This is a problem caused by Washington all together on both sides of the fence, it started with the collapse of the available credit, for which the automotive business is structured around....buying and selling of paper, buying and selling of rates etc.....the mortgage crisis is a result of the Clinton administration, "Clinton admitted that himself", it seemed like the right thing to do at the time he said...getting nonqualifying people into mortgages that is..
The big 3 more specifically had a HUGE roll in bailing the US economy out after 9-11 now it is time to help a company(companies) that have helped build this country....this cannot be a windfall or a gift, it has to be a short term loan under strick control...

Re: Bigger Than Detroit

Dave — Fri, 21 Nov 2008 15:25:02 -0000

That is true, regarding the imports...but that is the key word.....imports...keep the US manufacturer going....the problem here is the UAW, it is bleeding the Big 3 dry, the avg worker at the import plants(non union) makes 28.00 per hour and when was the last time they had labor issues....the avg UAW worker 70.00+ per hour and when the plnat suspends the line and sends the workers home they still get paid....it seems whenever they go on strike they get more and more and more...

Re: Bigger Than Detroit

Debbie — Fri, 21 Nov 2008 14:59:17 -0000

O.K. the big 3 come up with a new business plan and Congress responds with a $25 billion load. What then? If the financial system doesn't free up money for loans (they got $300 billion, remember?) the big 3 will go down. We can produce all of the manufacturing products imagianable but if consumers have no money to purchase these goods, we're still in trouble. The economy, with all of it's problems, is a big system and SOMEONE needs to stop this shotgun approach to solving individual problems and look at what's best for the big picture. My advice is a bottom up approach - help the consumers with jobs, health care, mortgages and I bet the outlook improves.

Re: Bigger Than Detroit

Keith — Thu, 20 Nov 2008 19:01:21 -0000

But the thought of so many good people out of work is truly devastating. Amid all the clamor, I hear little of the successful US based manufacturers.