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Sandybestdog
Registered: Jun 2007
Posts: 886 |
07-09-11 02:50 PM
Quote from bone:
From my viewpoint, Americans want to see GM succeed. It's the idea of the government choosing and financing winners and losers in the free enterprise system either through direct bail-outs or tax breaks that galls many of us and indeed provides the friction point that you observe, Sandy. Personally, I wish you the very best.
Thanks for the kind words. I understand the frustration people would have towards GM but I don't understand all this bailout talk and such. They got a loan from the government while going through bankruptcy. So did other company's. Why is everybody still calling them "Government Motors". The government is not running them. What other involvement does the government have in them that they don't have in Toyota or Ford? What other bailout's are they continually getting that is keeping them afloat? The $7500 tax credit is just as available to Leaf's as it is to Volt's.
By the way, I don't work for GM. I work for my dealer. Like I said, I have plenty issues with them related to how what they do affects me working for a dealer selling their products.
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GTS
Registered: Jun 2006
Posts: 2188 |
07-09-11 03:30 PM
Quote from Sandybestdog:
Why is everybody still calling them "Government Motors". The government is not running them. What other involvement does the government have in them that they don't have in Toyota or Ford? What other bailout's are they continually getting that is keeping them afloat?
GM would not exist today in anything like its current form if it were not for the gov't. It owes its existence to the gov't.
What percentage of Toyota or Ford does the US Treasury own?
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DHOHHI
Registered: Apr 2003
Posts: 1348 |
07-09-11 03:41 PM
Quote from GTS:
GM would not exist today in anything like its current form if it were not for the gov't. It owes its existence to the gov't.
And so do the banks! Do we call them Government "Sachs, Goverment" Stanley", Government "Morgan"? And so on.
From 2008:
Goldman Sachs, which accepted $10 billion in government money, and lost $2.1 billion last quarter, announced Tuesday that it handed out $10.93 billion in benefits, bonuses, and compensation for the year.
Plenty more examples if they need to be posted.
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denner
Registered: Aug 2010
Posts: 3273 |
07-09-11 07:12 PM
Quote from DHOHHI:
And so do the banks! Do we call them Government "Sachs, Goverment" Stanley", Government "Morgan"? And so on.
From 2008:
Goldman Sachs, which accepted $10 billion in government money, and lost $2.1 billion last quarter, announced Tuesday that it handed out $10.93 billion in benefits, bonuses, and compensation for the year.
Plenty more examples if they need to be posted.
Yes, many people do understand that the largest banks are still in business thanks to government largesse. The acronym TBTF has been widely used over the past several years ("Too Big To Fail")
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GTS
Registered: Jun 2006
Posts: 2188 |
07-09-11 07:19 PM
Quote from DHOHHI:
And so do the banks! Do we call them Government "Sachs, Goverment" Stanley", Government "Morgan"? And so on.
First, I really don't care if you start calling them Govt Sachs - doesn't quite have the ring that Gov't Motors has but whatever floats your boat.
Second, to suggest that what happened with GS was anywhere near the same as what happened with GM is foolish. They aren't even in the same league.
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LEAPup
Registered: Aug 2008
Posts: 4137 |
07-09-11 07:37 PM
Sandybestdog, I wish you the best during this depression. (Oh yes, this is a true depression. It's not like the Great Depression as the countless govt. programs out there being used today are "masking" the reality, thus no bread and soup lines. Today, people who qualify can get an atm card to go get cash with, not to mention food programs, morgtage relief, and so on...)
I once sold cars many, many moons ago. I did new and used, and the used cars were how I survived. More gross in them, vs. the all too common mini-deal on a new piece.
I've got a very good Friend who still sells cars, and he told me recently that he's going to go to work for a company that does these traveling "tent sales"/on-site sales selling used cars. He's working for a large GM/Cadillac dealership, and says the money just isn't there anymore outside of used pieces. Hopefully you're in a better area.
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